LBCI

German industrial output rises more than expected in January

World

08-03-2023 | 06:33

Share

Share

German industrial output rises more than expected in January

2^min

German industrial production rose significantly more than expected in January, increasing by 3.5 percent on the previous month, the federal statistical office said on Wednesday.

In a Reuters poll, analysts had pointed to an increase of 1.4 percent for the month.

The positive development "was driven in particular by strong growth in the manufacturing of electronic equipment ... and chemicals," the statistics office said.

In contrast, motor vehicle and motor vehicle parts manufacturing, as well as pharmaceutical products manufacturing, had shown a strong negative trend.

January's rise should be seen in the context of the marked decline in production in December, down 2.4 percent following an upward revision, the economy ministry said commenting on the data. In the more meaningful two-month comparison, there was a decline of 0.6 percent.

Still, the ministry described the trend as "cautiously optimistic" citing surveys showing improved business outlook and declining supply chain bottlenecks.

"Combined with the still well-filled order books, the economic downturn at the beginning of the year should be mild," it added.

Also on Wednesday, the statistical office said that German retail sales had fallen unexpectedly in January by 0.3 percent in real terms compared to the previous month.

Analysts polled by Reuters had forecast a 2.0 percent rise in price-adjusted terms.

German

Workers

Industrial

Output

Rises

Increase

Expected

Chemicals

Manufacturing

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Israeli strikes kill 12 in Gaza, health ministry says

Israel-Gaza War Updates

2026-01-31

Israeli strikes kill 12 in Gaza, health ministry says

More than 60 strikes: Israel ramps up military pressure in Lebanon’s Bekaa as US-Iran talks loom

News Bulletin Reports

2026-02-27

More than 60 strikes: Israel ramps up military pressure in Lebanon’s Bekaa as US-Iran talks loom

Kataeb Party leader Samy Gemayel backs President Aoun on sovereignty, calls for free parliamentary elections

2026-01-14

Kataeb Party leader Samy Gemayel backs President Aoun on sovereignty, calls for free parliamentary elections

Amal Shehadeh: Israel moving toward new ground operation in Lebanon after recent statements, including remarks by Hezbollah leader

2026-06-04

Amal Shehadeh: Israel moving toward new ground operation in Lebanon after recent statements, including remarks by Hezbollah leader

Videos

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

Massive Israeli strikes hit South Lebanon under ceasefire conditions

2026-06-19

Massive Israeli strikes hit South Lebanon under ceasefire conditions

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

2026-06-16

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

Most read

24 hours

7 days

Month

Ali Taher becomes focal point as Israel weighs wider operation in southern Lebanon

1

Ali Taher becomes focal point as Israel weighs wider operation in southern Lebanon

Political clash: A dispute over one speech reveals a deeper power struggle in Lebanon

2

Political clash: A dispute over one speech reveals a deeper power struggle in Lebanon

Former BDL governor Riad Salameh detained after questioning

3

Former BDL governor Riad Salameh detained after questioning

PM Salam: Israel’s actions in southern Lebanon violate international law

4

PM Salam: Israel’s actions in southern Lebanon violate international law

PM Salam, FM Al-Shaibani discuss enhancing Lebanese-Syrian cooperation

5

PM Salam, FM Al-Shaibani discuss enhancing Lebanese-Syrian cooperation

Solar eclipse plunges large swathe of Spain into total darkness

6

Solar eclipse plunges large swathe of Spain into total darkness

Lebanon's defense minister apologizes to martyrs' families, vows to defend army's voice

7

Lebanon's defense minister apologizes to martyrs' families, vows to defend army's voice

Lebanon presidency denies media reports on Aoun-Trump meeting

8

Lebanon presidency denies media reports on Aoun-Trump meeting

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More