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Financial News: German Industrial Production Recovers In November

German Industrial Production Recovers In November

01/09/2020 - 02:30:00 (RTTNews)

(RTTNews) - German industrial production rebounded in November, data from Destatis revealed Thursday.

Industrial production grew 1.1 percent on a monthly basis, offsetting a 1 percent fall in October. Economists had forecast a 0.8 percent rise.

On a yearly basis, industrial output declined 2.6 percent after falling 4.6 percent in October. Output was forecast to drop 3.7 percent.

Excluding energy and construction, industrial output advanced 1 percent in November. Production of capital goods increased 2.4 percent and that of consumer goods by 0.5 percent. Meanwhile, intermediate goods showed a decrease of 0.5 percent. At the same time, energy production was down by 0.8 percent in November, while construction output grew 2.6 percent.

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