8 Mar 2016
German industrial production surged in January
German industrial production jumped more than forecast in January as strong domestic demand overpowered the drop in the export orders.
The output rose 3.3% m/m in January after an upwardly revised 0.3% decline in December. The annualized figure rose 2.2%.
The details of the report revealed construction jumped 7% from December and investment goods output rose 5.3%. Consumer goods production increased 3.7% and manufacturing increased 3.2%.
The output rose 3.3% m/m in January after an upwardly revised 0.3% decline in December. The annualized figure rose 2.2%.
The details of the report revealed construction jumped 7% from December and investment goods output rose 5.3%. Consumer goods production increased 3.7% and manufacturing increased 3.2%.