German Industrial Production Rises in November
German Industrial Production Rises in November

German industrial production rose for the second consecutive month in November, adding to signs that Europe’s largest economy saw a strong finish to the end of last year. 
Output, adjusted for seasonal swings, gained 0.4% from October, when it advanced a revised 0.5%, the German Economy Ministry said on Monday. 
Output was bolstered by a 1.5% surge in construction, according to the Economy Ministry. Manufacturing rose 0.4% in November from the previous month, while energy production fell 0.4%. Production was up 2.2% from a year earlier. 
Meanwhile, separate data released from the Federal Statistics Office showed that seasonally adjusted exports rose by 3.9% on the month. 
Imports increased by 3.5% which was the strongest monthly rise since June 2014 and also much stronger than a predicted increase of only 0.2%. 
The seasonally adjusted trade surplus widened to 21.7 billion euros ($22.86 billion) from 20.6 billion euros in October.