German Industrial Production rebounds 1.0% MoM in January vs. 0.6% expected

Germany’s industrial sector returned to expansion in January, the latest data published by Destatis showed on Friday.

Industrial output in the Eurozone’s top economy rose 1.0% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, as against the 0.6% expected and a 2.0% decline in December.