World Economy
0

German Factory Output Up

 German Factory Output Up German Factory Output Up

Germany’s industrial production rose slightly in December in another sign that the key sector is gaining steam,AP reported. The Federal Statistical Office said Friday that December production was up by 0.1% over November, despite a drop in construction and capital goods. That followed a 0.1% rise in November over October, and the first time since early 2011 that industrial production has increased for four months in a row, said ING economist Carsten Brzeski. Germany on Thursday reported a 4.2% December increase in factory orders, and Brzeski says the data suggest the economy, Europe’s largest, should gain more momentum in the coming months.

 

Financialtribune.com