German industrial production increased beat expectations in November, after being in negative territory in the two previous months.
Total industrial output — comprised of output in manufacturing, energy and construction — rose 1.1% in November from October, in calendar-adjusted terms. Economists expected a 0.7% increase in November.
Construction output increased 2.6% in November on month, while manufacturing output rose 1.0%.
Compared to November 2018, total industrial output fell 2.6%. Production contracted 1.0% in October, less than in the preliminary figure of 1.7%.
November 2019 (provisional): production in industry
+1.1% on the previous month (price, seasonally and calendar adjusted)
-2.6% on the same month a year earlier (price and calendar adjusted)
October 2019 (revised): production in industry
-1.0% on the previous month (price, seasonally and calendar adjusted)
-4.6% on the same month a year earlier (price and calendar adjusted)
WIESBADEN – In November 2019, production in industry was up by 1.1% on the previous month on a price, seasonally and calendar adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In October 2019, the corrected figure shows a decrease of 1.0% (primary -1.7%) from September 2019.
In November 2019, production in industry excluding energy and construction was up by 1.0%. Within industry, the production of capital goods increased by 2.4% and the production of consumer goods by 0.5%. The production of intermediate goods showed a decrease by 0.5%. Outside industry, energy production was down by 0.8% in November 2019 and the production in construction increased by 2.6%. – German Federal Statistics Office