German Industrial Production rises in November

Industrial Production in Germany increased in November, the official data showed on Monday, suggesting that the manufacturing sector is showing some signs of recovery.

Eurozone’s economic powerhouse’s Industrial Output rose by 0.2% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs -0.1% prior. On an annualized basis, German Industrial Production arrived at -0.4% in November versus a 0% figure seen in October.