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Germany's industrial output grows in January
(MENAFN) Data showed that German industrial production grew more than expected in January while the figure for December was corrected sharply upward, The Peninsula Qatar reported.
According to regular data compiled by the economy ministry, factory output increased 1.0 percent in December corrected for seasonal factors, far higher than the 0.1 percent announced initially.
In January of 2014, the figure surged 0.6 percent compared to the previous month, higher than the 0.4 percent consensus forecast published by financial services FactSet.
"The German economy was living in two worlds, one in which consumption is strong and the construction is flourishing and the other a traditional industrial backbone which is struggling," analysts said.
According to regular data compiled by the economy ministry, factory output increased 1.0 percent in December corrected for seasonal factors, far higher than the 0.1 percent announced initially.
In January of 2014, the figure surged 0.6 percent compared to the previous month, higher than the 0.4 percent consensus forecast published by financial services FactSet.
"The German economy was living in two worlds, one in which consumption is strong and the construction is flourishing and the other a traditional industrial backbone which is struggling," analysts said.
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