2026-01-09 07:00:00
- Prior +1.8%; revised to +2.0%
At the same time, we also have German trade balance data for November out as per below:
- Trade balance €13.1 billion vs €16.5 billion expected
- Prior €16.9 billion
That’s a solid beat for German industrial output, largely owing to a positive development to growth in the automotive industry (+7.8%). Increases in mechanical engineering (+3.2%) and in machine maintenance and assembly (+10.5%) also had a positive impact on the overall result. Conversely, the decline in energy production (-7.8%) had a negative effect.
If excluding energy, industrial production was even stronger as it rose by 2.1% on the month. That as the production of capital goods rose by 4.9%. Meanwhile, the production of intermediate goods (-0.8%) and consumer goods (-0.3%) both exhibited declines during the month.
