German industrial production increased less than economists predicted in November as the euro area’s recession left its mark on Europe’s largest economy.
Production rose 0.2 percent from October, when it fell a revised 2 percent, the Economy Ministry in Berlin said today. That’s the first increase in four months. Economists had forecast a gain of 1 percent, according to the median of 23 estimates in a Bloomberg News survey. From a year earlier, production fell 2.9 percent when adjusted for working days.
Source: Bloomberg. Read full article. (link)