German business climate cools noticeably in June
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Business confidence in Germany cooled unexpectedly in June as the prospect of rising interest rates and high oil prices sent an unseasonable shiver through companies in the eurozone&#39;s biggest economy, a key survey showed on Friday.
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German business confidence appeared to stabilise somewhat in September, with the widely watched Ifo business climate index slipping only fractionally this month, the Ifo economic research institute said.
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Investor confidence in Germany, Europe's largest economy fell unexpectedly in June, figures suggest.
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LONDON, November 11  - Germany witnessed a slowdown in its economic growth momentum during the third quarter this year, with the nation&#39;s GDP growth rate declining to 0.1% from the relatively robust growth rate of 0.4% in the first two
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July was the hottest and sunniest month ever recorded in Germany, the country's weather service said Friday. The average temperature was 22.1 C (71.8 F), according to provisional figures. The previous record was 21.3 C (70.3 F), recorded in July 1994.
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A widely watched gauge of economic activity increased slightly in June, suggesting continued economic growth, though at a slow to moderate rate for the time being, a research group said on Thursday.
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German inflation slowed marginally to 1.8 percent in June from 1.9 percent a month ago due to smaller increases in energy rates and falling prices of selected foodstuffs, final consumer price data showed on Monday.
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The German economic outlook has rarely looked sunnier, with sky-high business confidence and growth strong enough to shrug off a sharp rise in sales tax early this year, data showed on Thursday.
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The German economy grew by 2.5 percent last year, provisional figures released on Tuesday by the national statistics office Destatis showed.
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STUTTGART - Despite signs of a global economic slowdown, two of Germany&#39;s leading luxury carmakers - Porsche AG and BMW AG - have said they are off to a strong start to their new business years.
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German Gross Domestic Product grew unexpectedly strongly in the second half of last year.
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Activity at the nationâs factories, plants and utilities expanded modestly in June, while the prices of raw materials continued to rise.
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MUNICH - German business confidence dropped to its lowest level in more than a year in November, a survey of 7,000 executives released on Thursday showed, as industry leaders&#39; concerns deepened about the impact on Europe&#39;s biggest economy of high oil
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Germany&#39;s economy is still on the mend despite an unexpectedly sharp slowdown in growth over the summer, the country&#39;s central bank said Monday, predicting that exports would rise in the fourth quarter even as the euro soars.
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German business confidence brightened in November for the second month in a row, beating economists' forecasts, according to a closely watched survey Thursday.
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The Germany economy will slow down this year in the wake of the global financial crisis, but should remain fundamentally solid, Finance Minister Peer Steinbrueck said Friday in an interview.
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According to the Federal Statistics Office, the German economy grew just 0.1% in the three months to September, slower than expected.