German import prices surge on back of runaway oil prices
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Prices of goods imported into Germany continued to race ahead in September, driven by rising oil and raw materials prices, data published by the federal statistics office, Destatis, showed.
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Oil prices surged to a new high of $47 a  barrel on Wednesday on evidence from major economies that  energy costs are not substantially slowing the economic growth  that fuels oil demand. Fresh threats by rebel militia in Iraq  against oil facilities helped underpin price gains.
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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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Inflation in Germany, the eurozone's biggest economy, looked set to pick up this month as a result of a renewed surge in high oil prices, key regional data showed.
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Germany's trade surplus will reach a record high of 158 billion euros (199 billion US dollars), The German Wholesale and Foreign Trade Federation, or BGA, reported Thursday.
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Oil prices surge to new highs in Asia and London amid concerns over winter fuel shortages.
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BERLIN : The German economy, which grew strongly in the first half of this year on the back of robust exports, will see a slowdown next year as a result of the braking effects of runaway oil prices and a ...
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Oil prices jumped by more than $1 per barrel Wednesday, after the U.S. government reported an unexpected drop in crude inventories amid the lowest import levels since 2005.
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Inflation has jumped in four key German regions, anticipating a overall surge of prices in the eurozone&#39;s biggest economy, according to figures released Thursday.
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The German economy, which grew strongly earlier this year on the back of robust exports, will see a slowdown in growth in 2005 as a result of runaway oil prices and a tailing off of foreign demand for German-made goods, top research institutes warned.
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Poland's membership in the European Union has prompted a surge in imports of used cars from neighboring Germany, lowering the price of new and used cars in Poland, automotive specialists said Tuesday.
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NEW YORK, October 25  - Crude oil prices increased to new record high levels at $55.63 per barrel today, driven by concerns surrounding a potential disruption in supplies due to a shipping strike in Norway, the world&#39;s third-largest oil
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Industrial production in Germany, Europe&#39;s largest economy, unexpectedly declined for a second month in September as domestic demand flagged and oil prices surged.
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Oil prices surged to a new high above $47 a barrel spurred by concern for the safety of oil facilities in Iraq.
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BERLIN  - Germany was the world's largest exporter for the second year in a row in 2004 despite the skyrocketing strength of the euro, according to preliminary statistics released by the government Tuesday.
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The German trade surplus has topped its highest level since unification in 1990 in October, propelled by surging exports.
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Oil prices surged to a new high above  $47 a barrel on Wednesday on evidence from major economies that  energy costs are not substantially slowing the economic growth  that fuels oil demand.