Germany industrial production increased 1.5% MoM in November, beating expectations of an 0.5% MoM increase.

• October’s -1.0% MoM decline was revised up to -0.4% MoM putting the annual increase for November at -2.8% YoY, up from -4.2% YoY.
• Excluding energy and construction, production was up 1.0% MoM with capital goods production expanding 1.4% MoM and consumer goods production up 0.9% MoM.
• In general, this reading on Germany’s industry sector is a solid close to 2024, though there are still many issues to work through.