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Germany’s Jan factory output post biggest gain since Sept 2009

by ChemOrbis Editorial Team - content@chemorbis.com
  • 08/03/2016 (11:29)
According to data compiled by Germany’s Economy Ministry, the country’s January industrial production posted the largest gain seen since September 2009, rising by 3.3% on a seasonally adjusted basis compared with December’s revised decrease of 0.3%. January’s figure also marked the first increase in three months. Economists’ projections had called for a gain of 0.5% in a survey conducted by Bloomberg. On a yearly basis, industrial output rose 2.2% in January.

The increase was driven by Germany’s strong domestic demand, which helped offset the effects of weak exports stemming from slowing growth in emerging economies and market volatility.

The data showed that construction output rose 7% on the month in January while investment goods output rose 5.3%. Consumer goods production and manufacturing increased 3.7% and 3.2%, respectively.
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