Germany's Industrial Production Increased for Three Consecutive Months: Surprise Figures!

Positive Industrial Production Data from Germany

Industrial production in Germany unexpectedly showed an increase for three consecutive months. This situation is seen as a sign of recovery for the largest economy in Europe.

Production Figures for November

According to data from the German Statistical Office (Destatis), industrial production in November rose by 0.8% compared to the previous month. Considering that analysts in a Bloomberg survey had expected a 0.7% decrease, this result came as a surprise. The figures for October have also been upwardly revised to 2%.

Rise in the Automotive Industry

The basis for the increase in production was supported by the automotive industry, which is critical for the country's economy. This rise also helped to compensate for the decline in energy production.

Increase in Factory Orders

Data announced on Thursday showed that factory orders in November also unexpectedly increased. Analysts emphasized that the effects of the government led by Chancellor Friedrich Merz's fiscal stimulus have started to emerge.

Export and Import Figures

Additionally, other data released on Friday revealed that exports in November fell significantly more than expected, while imports increased further. This situation reduced Germany's trade surplus to 13.1 billion Euros (15.3 billion Dollars).

Positive Moves in Business

Carsten Brzeski, the global head of macroeconomics at ING in Frankfurt, said, "Europe's troubled economic child is finally delivering positive news. The future of German industry is brightening."