Slowing exports hit German growth
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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.
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Germany's trade surplus hit a surprise record in October, underpinning optimism about the pace of recovery.
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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.
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German business confidence slipped for a fourth month in five in September, suggesting rising oil prices and stagnant consumer spending may hold back the pace of growth in Europe s biggest economy.
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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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The nation's economy grew at its slowest pace in more than a year in the second quarter, weighed down by rising energy prices and slipping exports.
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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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Growth of the German economy, the biggest in the 12-country eurozone, is expected to slow to just 1.4 percent next year from 1.8 percent expected this year, the government's so-called &quot;Five Wise Men&quot; panel of independent economic advisors forecast.
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Germany's trade surplus hit a surprise record in October, underpinning optimism about the pace of economic recovery.
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Germany experienced the strongest growth in four years in 2004, but weak consumer spending continued to hamper Europe's largest economy, the government statistics office said Thursday.
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Germany's economy, the largest in Europe, will grow more slowly than expected both this year and next, two top research institutes said Thursday.
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Germany&#39;s leading economic research institutes are expected to predict a slowdown in economic growth in their autumn reports Tuesday.
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The growth of the euro-zone economy slowed in the final quarter of 2004 as Germany, the Netherlands, Italy and Greece each experienced a contraction in output, European Union data showed Tuesday.
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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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German exports fall 1.2% in December as the effects of the high euro starts to bite.
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Unemployment in Germany rises for the tenth straight month as growth remains sluggish despite a revival in domestic demand.
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A German research institute lowered its economic growth outlook for Germany for 2005 on Tuesday, saying exports are expected to slow and domestic demand will not rise enough to make up the difference.