European Economic News

German Industrial Production Rises For Third Month

German industrial production increased for a third straight month in January, official data showed Friday.

Industrial production rose a seasonal-and-calendar-adjusted 0.8 percent month-on-month, following a 0.1 percent rise in December, which was revised from a 0.6 percent fall, the Ministry of Economy and Industry said.

The January growth figure was in line with economists' expectations.

Manufacturing output rose 0.3 percent and construction output surged 4.4 percent.

Industrial production is at the start of a marked upward trend, the ministry said in a statement. The strong expansion in construction helped by a mild winter has contributed, it added.

Year-on-year, industrial production rose 5 percent in January, following a 3.4 percent expansion in December, which was revised from 2.6 percent. The increase was much above the 3.9 percent gain forecast by economists.

Factory orders recovered at a faster than expected pace in January, helped by both domestic and foreign demand, figures from the ministry showed yesterday.

by RTTNews Staff Writer

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