Germany's industrial production rebounded at a stronger-than-expected pace in January, but retail sales unexpectedly fell again indicating that private consumption could act as a drag on economic growth this year.
Industrial production grew 3.5 percent on a monthly basis to offset the revised 2.4 percent decline in December, data from Destatis revealed Wednesday. Output was forecast to grow 1.4 percent.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
by Renju Jaya
For comments and feedback: contact editorial@rttnews.com