German industrial production jumped more than forecast in January as strong domestic demand overpowered the drop in the export orders. The output rose 3.3% m/m in January after an upwardly revised 0.3% decline in December. The annualized figure rose 2.2%. The details of the report revealed construction jumped 7% from December and investment goods output rose 5.3%. Consumer goods production increased 3.7% and manufacturing increased 3.2%. For more information, read our latest forex news.