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Germany : Industrial Production  
Released On 1/9/2017 2:00:00 AM For Nov, 2016
PriorPrior RevisedConsensusActual
Month over Month0.3 %0.5 %0.6 %0.4 %
Year over Year1.2 %1.6 %2.1 %

Goods production rose a slightly weaker than expected 0.4 percent on the month in November. However, the shortfall in mid-quarter was effectively compensated for by an upward revision to the October gain which now stands at 0.5 percent. Annual growth was 2.1 percent, up from 1.6 percent last time and the strongest reading since August.

The monthly headline increase was largely attributable to intermediates which posted a healthy 0.9 percent advance. Consumer goods (0.3 percent) also made progress but capital goods dipped 0.1 percent albeit after a 1.0 percent jump in October. Elsewhere energy fell 0.4 percent while construction rose 1.5 percent. Overall manufacturing output expanded 0.4 percent for a second successive month.

The latest data put average industrial production in October/November 0.7 percent above its mean level in the third quarter when it climbed only 0.3 percent versus April-June. This is consistent with an expected acceleration in fourth quarter real GDP growth. November manufacturing orders (minus 2.5 percent) were weak but a still solid rising trend and robust sector PMI (55.6) bode well for output in December.

Industrial production measures the physical output of the nation's factories, mines and utilities. Data are collected from companies in the sector with fifty or more employees and include mining and quarrying, manufacturing, energy and, in contrast to its Eurozone counterpart, construction.  Why Investors Care

2017 Release Schedule
Released On: 1/92/73/84/75/96/87/78/79/710/911/712/7
Release For: NovDecJanFebMarAprMayJunJulAugSepOct

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