German inflation set to pick up
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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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Inflation in Germany, the eurozone's biggest economy, slowed this month, as falling food and tourism prices offset persistently high oil and energy prices, key regional data showed.
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Federal Reserve policy-makers are likely to keep bumping up short-term interest rates this year, a defense against an inflation flare-up now that the economic expansion is on firm footing.
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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 raised its forecast for this year&#39;s budget deficit, saying declining tax income and increased spending on the unemployed will push the shortfall further beyond European Union limits for a third straight year.
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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 even as the euro soars.
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Bundesbank president Axel Weber was  quoted in a newspaper interview on Sunday expressing his  concerns about inflationary pressures in Germany and his fears  the annual price rise may hit 3 percent by the end of the year.
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UK interest rates are expected to go up  later this week as the Bank of England moves to combat inflation.
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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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Germany's producer price inflation has risen by its lowest annual rate in just over two years, official figures shows.
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Strong export demand helps the German economy pick up, while the budget deficit continues to top EU limits.
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German inflation looks set to remain steady or pick up only moderately this month as lower oil prices take the sting out a sharp increase in value-added or sales tax (VAT), regional consumer price data showed on Tuesday.
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FRANKFURT - Surging oil prices and the strength of the euro, currently at an all-time high around 1.32 dollars, are currently weighing on business morale in Germany, the eurozone&#39;s biggest economy, a new poll showed.
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The German government is counting on job market reforms to lower unemployment in 2005, while predicting growth of at least 1.5 percent of gross domestic product (GDP), according to a draft report quoted by the Welt am Sonntag newspaper.
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Inflation in Germany, the eurozone's biggest economy, picked up this month as a result of a renewed surge in oil prices, key regional data showed.
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Germany's leading economists Tuesday raised their growth forecast for the country to 1.8 percent for this year, but predicted that lower export growth and high oil prices will slow the just-begun recovery next ...
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Surging oil prices and the runaway strength of the euro, currently at an all-time high around 1.32 dollars, are undermining industrial confidence in Germany, a key survey showed.