German industrial production jumped more than forecast in January as strong domestic demand overpowered the drop in the export orders.
The output rose 3.3% m/m in January after an upwardly revised 0.3% decline in December. The annualized figure rose 2.2%.
The details of the report revealed construction jumped 7% from December and investment goods output rose 5.3%. Consumer goods production increased 3.7% and manufacturing increased 3.2%.
(Market News Provided by FXstreet)
The post German industrial production surged in January appeared first on forex-analytics.press.