Destatis released its industrial production data for Germany on Tuesday. German industrial production jumped 3.3% in January, exceeding expectations for a 0.5% gain, after a 0.3% decline in December. December's figure was revised up from a 1.2% drop.

The output of capital goods increased 5.3% in January, energy output gained 0.1%, and the production in the construction sector was up 7.0%, while the production of intermediate goods climbed 0.4%.

The output of consumer goods rose 3.7% in January.

German industrial production excluding energy and construction climbed by 3.2% in January.