German industrial output surprises with 0.6% Jan rise

Berlin

GERMAN industrial production grew more than expected in January while the figure for December was corrected sharply upward, data showed on Friday.

According to regular data compiled by the economy ministry, factory output increased one per cent in December corrected for seasonal factors, far higher than the 0.1 per cent announced initially. In January, the figure climbed 0.6 per cent compared to the previous month, better than the 0.4 per cent consensus forecast published by financial services firm FactSet.