German exports, industrial production show encouraging gains

Markets Associated Press

In this Jan. 8, 2017 photo the building of the Elbphilharmonie, the philharmonic orchestra concert hall, is illuminated by a light show test at the harbour in Hamburg, Germany. The concert hall will be inaugurated on Jan. 11, 2017. (Daniel Reinhardt/... dpa via AP) (The Associated Press)

German exports rose 3.9 percent in November compared with the previous month in a sign of strength for Europe's biggest economy in last year's final quarter.

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The Federal Statistical Office said Monday the increase followed a 0.5 percent gain in October. Imports were up 3.5 percent following a 1.2 percent increase the previous month.

A separate report Monday from the Economy Ministry showed that industrial production increased for the second consecutive month in November — climbing 0.4 percent over the previous month after a 0.5 percent gain in October. That performance was led by the construction industry.

UniCredit economist Andreas Rees said the figures are "the eagerly awaited confirmation of improving ... business sentiment indicators."

A 2016 economic growth figure for Germany is to be released Thursday.