Economic Buzz: German Industrial Production Advances 2.7% On Month In January

8 Mar 2022 , 01:56 PM

Germany industrial production advanced 2.7 percent month-on-month in January, faster than the revised 1.1 percent increase seen in December, data from Destatis revealed on Tuesday. On a yearly basis, industrial output grew 1.8 percent, in contrast to the 2.7 percent decline posted in the previous month. Compared with February 2020, the month before restrictions were imposed due to the corona pandemic in Germany, production was 3.0 percent lower in January. Excluding energy and construction, industrial production was up by 1.3 percent on month in January.

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