8 February 2001, 14:12 German Dec industrial production up 0.7% vs Nov
--W German Dec industrial production up 0.8% vs Nov
--W German Dec manufacturing sector output up 0.9% vs Nov
--E German Dec industrial production down 2.1% vs Nov
--German industrial production annual rise avg 5.5% in 2000
By BridgeNews
Berlin--Feb. 8--German industrial production rose 0.7% in December in
seasonally adjusted terms, exceeding market expectations and matching the
increase recorded for November. Yearly output rose an average 5.5% from
1999, according to Finance Ministry data adjusted only for working days.
* * *
A 0.9% increase in western Germany's manufacturing sector was "mostly"
behind December's output rise, according to the ministry.
Eastern German output took a different tack in the final month of the
year, declining 2.1% after strong increases in the preceding two months.
German output had been expected to remain on par with November,
according to a Fokus Deutschland/BridgeNews survey of economists. The
survey indicated a broad range of expectations from a 1% slump to 1.5%
increase with most forecasts toward the lower end.
Comparing Nov/Dec with Sep/Oct, German output rose 0.9%, which the
ministry termed "a clear upward trend."
"Industrial production at the end of 2000 was on a modest expansion
course," the ministry said.
On Wednesday, the ministry announced manufacturing orders in December
rose 2.7% from the previous month, contrasting with a survey average
prediction of a 1% decline.
In the two-month annual production comparison, output in Nov/Dec was
7.4% above the same two months in 1999, adjusted only for working days.
End
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