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Germany industrial production rises in November

January 11, 2023


Abstract : ​Germany industrial production recovered at a faster than expected pace in November, official data revealed.

Germany industrial production recovered at a faster than expected pace in November, official data revealed.

Industrial output grew 0.2% from October, when output was down by revised 0.4%, Destatis reported.

Production was expected to gain 0.1%.

Excluding energy and construction, industrial production gained 0.5%.

Intermediate goods output went up 1.1% and capital goods production gained 0.7%.

By contrast, consumer goods output was down 1.5%.

Energy production advanced 3%, while construction output dropped by 2.2%.

On a yearly basis, industrial production dropped 0.4% in November, the data showed.

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Keyword: industrial production

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