BERLIN, March 31 (Reuters) – German retail sales
unexpectedly jumped in February, data showed on Monday, marking
the second consecutive monthly increase and pointing to a strong
rise for the quarter that would boost overall growth in Europe’s
Data from the Federal Statistics Office showed retail sales
rose 1.3 percent in real terms on the month, beating even the
highest forecast in a Reuters poll of economists for a gain of
0.8 percent. The consensus forecast was for a 0.5 percent fall.
BERLIN/FRANKFURT, March 28 (Reuters) – A key measure of
German inflation unexpectedly dropped in March, raising pressure
on the European Central Bank to stop any drift toward deflation
in the euro zone.
Germany’s harmonised index of consumer prices (HICP) – a big
component of the inflation measure tracked by the ECB – showed
inflation slowing to 0.9 percent on the year, undershooting the
consensus forecast in a Reuters poll of economists for it to
hold steady at 1.0 percent.
BERLIN (Reuters) – A German recluse’s pledge to give his billion-dollar hoard of Nazi-looted artworks back to their rightful owners was welcomed on Thursday but also met with skepticism about how it would work in practice and whether all of it would actually be returned.
The legal custodian of Cornelius Gurlitt, who inherited the paintings drawings and sculptures from his father, said on Wednesday his client would return all works looted by the Nazis to their owners or owners’ descendants.
BERLIN, March 20 (Reuters) – Germany’s “wise men” council of
economic advisers on Thursday hiked their forecast for 2014
growth in Europe’s largest economy to 1.9 percent from a
November estimate of 1.6 percent on the back of a strong start
to the year.
The panel, which advises the government on economic policy,
said the biggest risk to global growth was the conflict in
Ukraine. While Ukraine’s economy was of relatively little
importance, Russia’s was, especially as a key energy exporter.
BERLIN, March 11 (Reuters) – German exports and imports
surged in January at the fastest pace in nearly two years, data
showed on Tuesday, adding to signs that Europe’s largest economy
started the year on a strong footing and is on track to robust
Data from the Federal Statistics Office showed
seasonally-adjusted exports up 2.2 percent in January, well
above a consensus forecast for a rise of 1.4 percent. Shipments
abroad had fallen 0.9 percent in December.
BERLIN/PARIS (Reuters) – Economic growth in Germany and France, the euro zone’s two largest economies, marginally exceeded expectations in the fourth quarter and offered hope of a more robust 2014.
The euro zone number is due at 1000 GMT and forecast to show quarterly growth of 0.2 percent. Given the performance of its biggest constituent parts, that could be exceeded.
BERLIN (Reuters) – German economic growth unexpectedly accelerated to 0.4 percent in the fourth quarter of 2013 thanks to a rise in exports and capital investment, seasonally-adjusted data showed on Friday, suggesting Europe’s largest economy will pick up steam in 2014.
Coming after growth of 0.3 percent in the third quarter, the fourth quarter expansion beat the Statistics Office’s estimate last month for “around a quarter of a percentage point” and the median forecast in a Reuters poll of economists for 0.3 percent.
BERLIN, Feb 14 (Reuters) – German economic growth
unexpectedly accelerated to 0.4 percent in the fourth quarter of
2013 thanks to a rise in exports and capital investment,
seasonally-adjusted data showed on Friday, suggesting Europe’s
largest economy will pick up steam in 2014.
Coming after growth of 0.3 percent in the third quarter, the
fourth quarter expansion beat the Statistics Office’s estimate
last month for “around a quarter of a percentage point” and the
median forecast in a Reuters poll of economists for 0.3 percent.
WINSEN, Germany (Reuters) – Germany’s anti-euro party is ready to team up with like-minded parties to block decisions if it enters the European Parliament after May elections, but it rejects cooperation with xenophobic politicians, its leader told Reuters.
Like other fringe parties across Europe with a eurosceptical bent, the Alternative for Germany (AfD) is seen winning its first seats in any parliament in the vote despite some ugly infighting over the past few months.
BERLIN (Reuters) – A “New Age” healer whose estranged son is a falconer are the odd couple at the heart of an English-language movie by Peruvian director Claudia Llosa that marked a coming-of-age moment for Latin American cinema at the Berlin film festival on Wednesday.
In a year when space blockbuster “Gravity” is tipped to bring Oscar glory to Mexican director Alfonso Cuaron, smaller international productions with strong Latin American artistic input are increasingly making their mark.