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

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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