German outlook receives boost
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A spate of encouraging economic data released in Germany this week appears to back up the belief that the current lull in activity in the eurozone's biggest economy will prove only temporary, analysts said.
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German consumers are increasingly optimistic, despite a steep rise in sales tax at the start of the year, a poll of consumer attitudes in the biggest eurozone economy showed on Friday.
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Germany&#39;s leading economic institutes on Tuesday raised their growth forecast for the country this year to 1.8 percent, but predicted that the recovery in Europe&#39;s largest economy would slow next year amid slowing export growth and high oil prices.
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Spring appeared to be in the air for the German economy on Wednesday, with data showing inflation tame, despite the VAT sales tax rise, and unemployment unusually lower in February.
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Strong Christmas sales helped increase finance professionals' confidence in the sluggish German economy, a monthly survey showed Tuesday.
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German finance professionals grew less pessimistic about the country's economic growth outlook, but remain concerned that the euro's record highs against the U.S. dollar will weigh on exports, a monthly survey showed Tuesday.
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German investor confidence rises in December after touching a 13-year low in November.
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The German economy, the biggest in Europe, beat all growth expectations in 2006, on surprising performance in the fourth quarter, official data showed.
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German exports hit record levels last year, helping the trade surplus to its highest level since unification.
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German stocks rose. Deutsche Bank AG gained after the lender extended its private wealth management business in Germany by acquiring Wilhelm von Finck AG.
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A new survey showed that investor confidence is picking up in Germany, as improved retail confidence and a stabilisation in both oil prices and the euro help fuel burgeoning optimism in the eurozone's biggest economy at the beginning of the new year.
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After months in a slump, Germans have found a fresh taste for shopping, with Christmas giving the eurozone's biggest economy a boost, a survey by the GfK institute showed Thursday.
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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.
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German Finance Minister Hans Eichelsaid Thursday that the country's economy could grow more than 1.5 percent this year.
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Chancellor Merkel gets high marks as Germany prepares to lead the EU next year and host the G-8 summit.
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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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Germany's economy is back on a ``stable path of growth'' after three years in stagnation and is not immediately threatened by the surge in oil prices, Chancellor Gerhard Schroeder said Wednesday.