In January, industrial production expanded 1.8% over the previous month in seasonally and working-day adjusted terms. The reading contrasted the revised 0.6% contraction observed in December (previously reported: -1.5% month-on-month) and defied expectations of private sector analysts, who had seen industrial output growing 1.7%. On an annual basis, industrial production accelerated from 11.3% in December to 12.5% in January. The expansion was mainly the result of a strong rebound in construction, which soared 36.3% month-on-month in January, more than reversing a dramatic 24.2% contraction in December. In December, the construction industry suffered from adverse weather conditions. Mining and quarrying also bounced back in January, expanding 18.8% after posting a contraction of 9.1% in December. As a result of the robust January reading, the trend continues to point to a strong recovery in the industrial sector, as annual average growth in industrial production rose from 10.1% in December to 10.8% in January, which marked the second consecutive month with a double-digit growth rate.
Industrial production bounces back in January amid soaring construction
March 9, 2011
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Germany Economic News
October 24, 2016
The Markit Flash Composite Purchasing Managers’ Index (PMI) rose from 52.8 in September to 55.1 in October.
October 10, 2016
The seasonally- and calendar-adjusted trade surplus increased from EUR 19.4 billion in July to EUR 22.2 billion in August, driven up by recovering exports.
October 7, 2016
In August, industrial production rose 2.5% from the previous month in seasonally-adjusted terms, in contrast to July’s large 1.6% drop, which had been the lowest reading in nearly two years.
September 29, 2016
Consumer prices in September rose 0.1% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 September.
September 28, 2016
Heading into October, the mood among German consumers weakened slightly but still stayed at a high level.