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Germany’s industrial output tops estimates in January

by ChemOrbis Editorial Team -
  • 06/03/2015 (13:19)
According to data released by Germany’s Ministry of Economy, the country’s industrial output topped estimates in January, posting a fifth consecutive gain for the first time since the beginning of 2011. The country’s industrial output climbed 0.6% month over month from December’s upwardly revised increase of 1% while economists’ estimates called for a gain of 0.5% in January.
The data showed that production for intermediate goods and consumer goods declined 0.4% while capital goods output increased 0.5% in January.

Economists commented that ongoing growth in the country’s industrial output supported expectations calling for stronger growth for the German economy in the first quarter of 2015 despite weaker factory orders in January.

In the last quarter of 2014, the Germany’s gross domestic product (GDP) increased 0.7% on the quarter owing to stronger domestic spending and exports. For the full year of 2014, the country’s GDP grew 1.6%.
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