German Industrial Production Rises in November
German Industrial Production Rises in November
Berlin - QNA
German industrial production rose for the second consecutive month in November, adding to signs that Europe’s largest economy saw a strong finish to the end of last year.
Output, adjusted for seasonal swings, gained 0.4% from October, when it advanced a revised 0.5%, the German Economy Ministry said on Monday.
Output was bolstered by a 1.5% surge in construction, according to the Economy Ministry. Manufacturing rose 0.4% in November from the previous month, while energy production fell 0.4%. Production was up 2.2% from a year earlier.
Meanwhile, separate data released from the Federal Statistics Office showed that seasonally adjusted exports rose by 3.9% on the month.
Imports increased by 3.5% which was the strongest monthly rise since June 2014 and also much stronger than a predicted increase of only 0.2%.
The seasonally adjusted trade surplus widened to 21.7 billion euros ($22.86 billion) from 20.6 billion euros in October.
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