German records timid gains on industrial output
Jan 10, 2017-
German industrial production crept up in November, official data showed Monday, falling short of analysts’ predictions and moderating hopes Europe’s largest economy would end 2016 with a growth spurt. Production increased by 0.4 percent, correcting for price, seasonal and calendar effects, the federal statistics authority Destatis said. Analysts surveyed by Factset had predicted slightly more robust growth of 0.65 percent. Investor and business sentiment indexes have been riding high in recent months after recovering from a post-Brexit shock, prompting some observers to predict a winter bonanza for the German economy. In a separate release, Destatis reported that German exports had seen a big increase of 3.9 percent in Nov.
Published: 10-01-2017 10:24