Germany's industrial production showed a strong recovery in November, according to preliminary figures released by Destatis on Thursday.
Industrial output rose by 1.5% on a monthly basis, contrasting with the revised decline of 0.4% experienced in October. Analysts had anticipated a more modest growth of 0.5%. However, industrial production still remained 2.8% lower compared to November 2023, following a 4.2% decline in the preceding month.
The data highlighted a 5.6% increase in energy production and a 2.1% rise in construction output. Excluding these sectors, production recorded a 1.0% upturn.
Further breakdown of the figures revealed a 1.4% uplift in capital goods production, a 0.9% rise in consumer goods output, and a 0.5% increase in the production of intermediate goods.
