German Industrial Production in January At 0.8%;

  @arjunkashyapa.kashyap@ibtimes.com on March 07 2014 6:18 AM
German Factory_Bayer_Industrial Production
A plant belonging to Germany's largest drugmaker Bayer is seen in Leverkusen Dec. 15, 2013. Reuters/Ina Fassbender

In January, Industrial Production, or IP, in Europe’s largest economy grew by 0.8 percent, according to data from the Federal Statistical Office released Friday.

Data for January was in line with a Wall Street Journal consensus estimate. While the previous month-on-month revised number stood at 0.1 percent, on a year-on-year basis, IP grew by 5 percent in Germany, according to the Journal.

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