Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
BERLIN (AP) — German industrial production rose 0.8 percent in January compared with the previous month, boosted by strong growth in the construction sector during the country's unseasonably warm winter.
The Economy Ministry on Friday also released new figures for December from the Federal Statistical Office that showed a small rise of 0.1 percent for that month, revised upward from a 0.6 percent drop.
Official data released Thursday showed that factory orders were up 1.2 percent in January, better than analysts had predicted.
ING economist Carsten Brzeski says hard economic data is now beginning to match the positive business sentiment recorded at the end of 2013.
He says that with fourth-quarter growth recently revised upward to 0.4 percent compared with the previous quarter, indications are that the German economy should gain momentum.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
