Germany Industrial Output Rises in November as Trade Surplus Falls to €13.1 Billion

Overview

• Industrial production increased 0.8% from October and 0.8% from a year earlier in November, according to Destatis.
• October’s output was revised to a 2.0% monthly rise and 1.0% annual growth, indicating stronger recent momentum.
• The November reading beat forecasts that had pointed to a 0.7% decline.
• Factory orders jumped 5.6% in November, offering a positive signal for near-term activity.
• The trade surplus narrowed to €13.1 billion, the smallest since December 2022, as exports fell 2.5% and imports rose 0.8%.