German industrial production grows sequentially in November

German industrial production rose sequentially in November. The production growth decelerated a tad from October. On a price, seasonally and working day adjusted basis, the industrial output grew 0.4 percent sequentially in November, as compared with 0.5 percent growth seen in the prior month. The figure for October was revised upwardly from the initial reading of 0.3 percent growth.

Stripping energy and construction, industrial production rose 0.4 percent in November. Within industry, production of intermediate goods rose 0.9 percent and the production of consumer goods was up 0.3 percent. Capital goods production indicates a drop of 0.1 percent. Meanwhile, energy production declined 0.4 percent in November 2016, while production in construction rose 1.5 percent.