German industrial production and exports rose more-than-expected in November, prompting the government to raise its growth estimate for 2017, indicating that growth could continue this year. Industrial production rose by 3.4%, the biggest increase since September 2009.
Exports rose by 4.1% in November, while domestic demand rose to drive imports up by 2.3%. The German trade surplus widened to 22.3 billion euros from 19.9 billion euros in October. The government raised its growth forecast for 2017 to 2.2% from the previous forecast of 2%.
