German industrial output tacks on, indicating a healthy 2018

German industrial output tacks on, indicating a healthy 2018

In November, industrial output and exports from Germany rallied more than anticipated, helping the authorities to lift its estimate of surge for the previous year and also indicating that its expansion would carry on in 2018.

Industrial output inched up 3.4% for the month, which is the biggest soar since September 2009, as the Federal Statistics Office informed on Tuesday, surpassing a 1.8% estimate in a Reuters survey.

November’s seasonally adjusted exports added 4.1% on the month, while domestic demand enabled imports to gain 2.3%. Both figures exceeded Reuters estimates, also extended the trade surplus to about 22.3 billion euros from October’s 19.9 billion euros.

The figures and also buoyant business sentiments drops a hint that the German economy concluded 2017 with a bang, following the third quarter's huge 0.8% expansion, as some financial experts pointed out.

Right after the data, the German authorities raised its 2017 surge estimate to 2.2% from a previous forecast of 2%.

Similar

Will oil change the trend after OPEC meetings?
Will oil change the trend after OPEC meetings?

Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera