German industrial production increased 2.0% MoM in January, bouncing back from the -1.5% MoM drop in December and above expectations of a smaller 1.5% MoM rise.

• Production was unchanged in the less volatile 3Mo3M comparison.
• Auto production bounced back 6.4% MoM, and machine maintenance & assembly was strong at 15.6% MoM.
• Food production was also a major positive contributor to growth at 7.5% MoM.
• Construction production was only up 0.4% MoM, and energy production fell -0.5% MoM.
• Ex construction and energy, production was up 2.6% MoM with capital goods production up 2.4% MoM and consumer goods production up 2.4% MoM as well.