Sunny outlook for German economy unclouded by VAT hike
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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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Good news has been in short supply for Europe&#39;s traditional industrial economies like Germany and France. Growth remains weak, unemployment high, labor markets are still rigid and the euro is soaring, pricing their exports out of the market.
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Investor confidence in Germany, the eurozone's biggest economy, stabilised, albeit at low levels, in December, as falling oil prices helped offset concerns about the negative economic effects of the strong euro, a new poll showed.
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German industrial production grew by a slight 0.1 percent in July, less than expected by analysts, following a drop of 0.2 percent in June, preliminary data corrected for seasonal variations showed on Friday.
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Strong sales of Mercedes models in the US last month helps offset a decline in German demand as VAT rises.
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German investor confidence unexpectedly improves despite falling exports and signs of a global slowdown.
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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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Business confidence in Germany fell to the lowest level for four months in June, as companies in the eurozone&#39;s biggest economy became less optimistic about the six-month outlook and their current business, a key survey showed on Friday.
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German finance professionals grew sharply more pessimistic about the country's economic growth outlook, fearing that the euro's record highs against the U.S. dollar will hurt exports, a monthly survey showed Tuesday.
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German business sentiment improved unexpectedly in December after slumping sharply in November over concerns about high oil prices and worries that the strengthening euro could damage exports, a closely watched survey showed Friday.
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The German economy -- the biggest in the 12-country eurozone -- continued to tread water in the fourth quarter, notching up growth that was only fractionaly higher than in the preceding three months, the Bundesbank estimated.
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Business leaders in Germany appeared wary about the outlook for the eurozone's biggest economy, as the German government insisted that the current recovery would continue, even if surging oil prices would brake growth slightly.
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Business confidence in Germany, Europe s largest economy, probably fell for the third month in four in November as the euro s climb to a record threatened exports and unemployment rose, a survey of economists ...
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A sharp increase in sales tax and slowing oil prices had mixed effects on headline inflation in Germany this month, regional consumer price data from the eurozone's biggest economy showed on Tuesday.
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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 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 economy grew by a solid 2.5 percent last year, helped by strong exports, but a downbeat survey of investor confidence pointed to clouds on the horizon for Europe's biggest economy.