• Prior -0.3%
  • Industrial production +1.8% y/y
  • Prior -4.1%

That's a solid beat in German industrial output to start the new year. Looking at the details, the production of consumer goods was up by 4.0% and capital goods by 1.2%. The production of intermediate goods increased by 0.3%. Outside of industry, energy production decreased by 0.1% in January on the previous month and production in construction rose by 10.1%.

Germany IP 01-2022