German industrial production surges in January

|By:, SA News Editor

German industrial production jumped by the most in more than six years in January, in a sign that strong domestic demand may be helping to underpin output even as external trade cools.

Production, adjusted for seasonal swings, climbed 3.3% from the prior month after retreating a revised 0.3% in December.

German firms had "a very good start" to the year, the economics ministry said, predicting a "moderate recovery" in industrial activity in the first quarter.

ETFs: EWG, GF, DAX, DXGE, HEWG, DBGR, EWGS, FGM, QDEU

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