German exports, industrial production beat forecasts in November

(Sharecast News) - German reported a strong rise in exports during November and a better-than-expected increase in industrial production for the month, according to official data released on Thursday. Exports increased 2.1% month on month, analysts had been looking for a 2% rise. Trade to EU countries was down 1.7% offset by a 6.9% increase in goods shipped to countries outside the bloc.

The foreign trade balance was a surplus of €19.7bn, up from €13.4bn in October.

Meanwhile industrial production was up 1.5% in November month on month against forecasts of a 0.5% rise.

Reporting by Frank Prenesti for Sharecast.com