Print Edition - 2017-03-09  |  Money Digest

German factory production up

- AFP, FRANKFURT

Mar 9, 2017-

Industrial production in Germany grew 2.8 percent in January, preliminary data showed Wednesday, comforting fears that global uncertainty could put the brakes on Europe’s largest economy. December also saw a smaller fall in production than previously thought, the price-, seasonal- and calendar-adjusted figures from federal statistics authority Destatis showed, at 2.4 percent month-on-month rather than 3.0 percent. “Industrial production made a good start into the new year,” the federal economy ministry in Berlin commented in a statement. In a less volatile two-month comparison, production fell 0.7 percent in December-January from its level in October-November, the ministry noted. Data released Tuesday showing a slump in industrial orders in January had clouded otherwise sunny prospects for the German economy, currently enjo-ying its lowest level of unemployment since 1990 and high and business confidence. 

Published: 09-03-2017 09:42

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