German Industrial Production Surges by Most Since 2009
- Output gauge climbed 3.3 percent in January from December
- Year-over-year increase was 2.2 percent on robust economy
Germany is grappling with a slowdown in China and other emerging markets, key destinations for its exports.
Photographer: Dadang Tri/BloombergThis article is for subscribers only.
German industrial production jumped by the most in more than six years in January, in a sign that strong domestic demand may be helping to underpin output even as external trade cools.
Production, adjusted for seasonal swings, climbed 3.3 percent from the prior month after retreating a revised 0.3 percent in December, data from the Economy Ministry in Berlin showed on Tuesday. That’s the biggest increase since September 2009 and the first gain in three months. It was stronger than all projections in a Bloomberg survey of economists, which had a median forecast for 0.5 percent growth.