Brandenburg Gate in Berlin, Germany

Germany Industrial production January 2023

Germany: Industrial output records quickest growth since June 2020 in January

Industrial output increased 3.4% in month-on-month terms in January, which contrasted December’s 2.4% decrease. The figure marked the best reading since June 2020. January’s reading was partly due to a notable rebound in manufacturing, mining and quarrying, construction, and energy output.

On an annual basis, industrial output fell at a softer pace of 1.6% in January (December: -3.3% yoy). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.8% in January, down from December’s minus 0.6% reading.

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