german industrial production rises in november
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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German Industrial Production Rises in November

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Arab Today, arab today German Industrial Production Rises in November

German Industrial Production Rises in November
Berlin - QNA

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. 

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