By Maria Martinez
German industrial production rose in November at a slower pace than that of the previous month, statistics office Destatis said Friday.
Total industrial output--comprising production in manufacturing, energy and construction--rose 0.9% from October in calendar-adjusted terms. Economists had forecast a 0.4% increase, according to a poll by The Wall Street Journal.
Destatis upwardly revised October's industrial production month-over-month gain, to 3.4% from an initial 3.2%.
Total industrial output fell 2.6% from November 2019 in calendar-adjusted terms, Destatis said.
Compared with February--the month before the first restrictions were imposed in Germany because of the coronavirus pandemic--production in November was 3.8% lower in seasonally and calendar-adjusted terms.
Excluding energy and construction, industrial output was up 1.2% in November from October. The production of intermediate goods showed a 2.4% increase, while that of consumer goods fell 1.7% and the output of capital goods increased 1.3%.
Energy production was down 3.9% and the output in construction increased 1.4%, Destatis said.
The industrial production data followed an increase in manufacturing orders in November, published Thursday, which showed a 1.6% rise in orders on an adjusted basis.
Write to Maria Martinez at maria.martinez@wsj.com
(END) Dow Jones Newswires
01-08-21 0237ET
