{"id":684305,"date":"2026-01-09T10:57:13","date_gmt":"2026-01-09T10:57:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/684305\/"},"modified":"2026-01-09T10:57:13","modified_gmt":"2026-01-09T10:57:13","slug":"germany-november-industrial-production-0-8-vs-0-4-m-m-expected","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/684305\/","title":{"rendered":"Germany November industrial production +0.8% vs -0.4% m\/m expected"},"content":{"rendered":"<ul data-v-4026719d=\"\">\n<li data-v-4026719d=\"\">Prior +1.8%; revised to +2.0%<\/li>\n<\/ul>\n<p data-v-4026719d=\"\">At the same time, we also have German trade balance data for November out as per below:<\/p>\n<ul data-v-4026719d=\"\">\n<li data-v-4026719d=\"\">Trade balance \u20ac13.1 billion vs \u20ac16.5 billion expected<\/li>\n<li data-v-4026719d=\"\">Prior \u20ac16.9 billion<\/li>\n<\/ul>\n<p class=\"text-align-justify\" data-v-4026719d=\"\">That&#8217;s a solid beat for German industrial output, largely owing to a positive development to growth in the automotive industry (+7.8%). Increases in mechanical engineering (+3.2%) and in machine maintenance and assembly (+10.5%) also had a positive impact on the overall result. Conversely, the decline in energy production (-7.8%) had a negative effect.<\/p>\n<p class=\"text-align-justify\" data-v-4026719d=\"\">If excluding energy, industrial production was even stronger as it rose by 2.1% on the month. That as the production of capital goods rose by 4.9%. Meanwhile, the production of intermediate goods (-0.8%) and consumer goods (-0.3%) both exhibited declines during the month.<\/p>\n<p class=\"text-align-justify\" data-v-4026719d=\"\">As for declining trade surplus in November, that comes as exports were down 2.5% while imports were up 0.8% on the month after accounting for seasonal adjustments. Exports to the Eurozone countries amounted to \u20ac50.8 billion, which was down 3.9% in November.<\/p>\n<p class=\"text-align-justify\" data-v-4026719d=\"\">In terms of foreign trade, most German exports in November went to the US once again. That totaled to \u20ac10.8 billion and down 4.2% compared to October. Meanwhile, exports to China grew by 3.4% on the month to \u20ac6.5 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"Prior +1.8%; revised to +2.0% At the same time, we also have German trade balance data for November&hellip;\n","protected":false},"author":2,"featured_media":496128,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-684305","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115864787256719706","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/684305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=684305"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/684305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/496128"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=684305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=684305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=684305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}