German Industrial Production jumps 1.5% MoM in November vs. 0.5% expected

Germany’s industrial sector staged a turnaround in November, according to the latest data published by Destatis on Thursday.

In the Eurozone’s economic powerhouse, industrial output jumped by 1.5% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, against the estimated 0.5% rebound and a 1.0% drop in October.