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German industrial production rises more than expected in November, promising sign for economy

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Core Tip:(Photo: Opel)BERLIN — German industrial production picked up in November, rising by a bigger-than-expected 1.9
German industrial production rises more than expected in November, promising sign for economy

(Photo: Opel)

BERLIN — German industrial production picked up in November, rising by a bigger-than-expected 1.9 per cent compared with the previous month in a positive signal for Europes biggest economy.

The increase reported Thursday by the Economy Ministry was better than the 1.5 per cent rise economists had expected. It followed two consecutive declines, most recently a 1.2 per cent dro in October.

On Wednesday, official data showed that industrial orders were up 2.1 per cent in November, making up for a fall by the same amount the previous month.

RELATED: German economy shows more signs of growth with industrial production up 2.4 per cent in: June

Carsten Brzeski, an economist at ING, said the latest data add further evidence that the German economy has regained momentum after a disappointing start to last years fourth quarter.

Germany will release preliminary economic growth figures for 2013 next week. Growth is expected to accelerate this year.


 
 
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