German confidence rises, but outlook is gloomy
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BERLIN Business confidence in Germany unexpectedly rose in December to its highest level in eight months, figures released on Friday showed.
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German investor confidence fell to the lowest in 15 months in September as higher oil prices crimped global growth and unemployment weighed on a recovery in Europe's largest economy.
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German business confidence posted a surprise gain in January, a key survey showed Thursday, amid worries that the US economy was heading into a recession.
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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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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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Strong Christmas sales helped increase finance professionals' confidence in the sluggish German economy, a monthly survey showed Tuesday.
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German consumer confidence has risen unexpectedly before Christmas, figures from researchers GfK show.
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Business confidence in Germany slipped again in February, receding further from a 16-year high point in December, as companies become less optimistic about their situation and the outlook for the next six months, a survey showed on Friday.
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Investor confidence in Germany, Europe s largest economy, unexpectedly rose in December for the first time in five months as a drop in oil prices blunted the effect of the euro s surge against the dollar.
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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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Investor confidence in Germany, Europe's largest economy fell unexpectedly in June, figures suggest.
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The German chancellor remains optimistic despite gains for the far right and ex-communists in the east.
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A closely-watched index of German business sentiment barely rose in October, showing that the current recovery in Europe's largest economy lacks the strength of previous upswings.
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The German economy, the biggest in the 12-country eurozone, was teetering on the edge of its third recession in just four years at the end of 2004, but the outlook for this year is brighter with investor confidence on the rise, data showed.
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FRANKFURT : Business leaders in Germany appeared wary about the outlook for the eurozone&#39;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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German consumer confidence has fallen, hit by concerns over the global credit crisis and higher food prices.
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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.