BERLIN (Reuters) – German industry output rebounded in June, surging at its fastest pace in nearly two years, official data showed on Wednesday, in a sign the manufacturing sector is once again powering growth in Europe’s largest economy.
Coming on the heels of data showing the strongest rise in industrial orders since October, the Economy Ministry figures showed a 2.4 percent jump in output on the month, surpassing even the highest forecast in a Reuters poll of 39 economists. The consensus estimate was for a 0.3 percent gain.
BERLIN (Reuters) – The IMF warned Germany on Tuesday against being overly ambitious in consolidating its budget given risks to growth in Europe’s largest economy, which has not decoupled from the rest of the crisis-hit euro zone.
The International Monetary Fund, which kept its forecast for 0.3 percent German growth this year, said it welcomed Berlin’s modest loosening of fiscal policy to boost domestic demand. That is seen driving expansion in the traditionally export-led economy.
BERLIN (Reuters) – German joblessness unexpectedly dropped in July on a seasonally adjusted basis and the unemployment rate remained close to its lowest level since Germany reunited more than two decades ago, suggesting private consumption will continue to buoy growth.
Labour Office data showed the number of people out of work fell for the second consecutive month, easing by some 7,000 to 2.934 million in July. This compared with the consensus forecast in a Reuters poll of 29 economists for it to remain unchanged.
BERLIN (Reuters) – German business morale edged up for a third straight month in July in a sign Europe’s largest economy is picking up steam and should post modest growth in this election year, although the euro zone’s travails still weigh on the mood.
A bastion of strength in the early years of the currency bloc’s crisis, the German economy narrowly avoided recession at the start of 2013 as a worsening global outlook diminished appetite for its products and willingness to invest.
BERLIN (Reuters) – German business morale rose slightly more than expected in July, edging up for a third straight month in a sign Europe’s largest economy is picking up steam after a dismal end to last year and weak start to 2013.
The Ifo think tank said its business climate index, based on a monthly survey of some 7,000 firms, rose to 106.2 in July from 105.9 in June. The reading came in just above the consensus forecast in a Reuters poll of 40 economists for a rise to 106.1.
BERLIN (Reuters) – Ata Ucertas, a doctor from Istanbul with a moustache that curls up his cheeks, was welcomed with open arms when he came to Germany this year, evidence of a shift in German attitudes as its population shrinks and labor becomes scarce.
Helped by a shortage of doctors in Germany, the 25-year-old Ucertas was issued with a visa to come learn German within two months of applying. “The immigration officials were really nice to me,” he said.
BERLIN, July 17 (Reuters) – German Finance Minister Wolfgang
Schaeuble will offer Greece 100 million euros ($131 million) for
a fund to promote economic growth in a visit to Athens on
Thursday in a move unlikely to appease protesters who resent his
firm stance on austerity measures.
Tens of thousands of Greek workers have taken to the streets
to protest this week against government plans to fire public
sector employees to satisfy foreign lenders who granted
debt-stricken Greece a multi-billion euro aid tranche this
BERLIN, July 9 (Reuters) – A German artist who beamed the
words “United Stasi of America” onto the wall of the U.S.
embassy in Berlin says Washington’s spy methods make the former
East German secret police look like boy scouts.
A video of Oliver Bienkowski’s artwork is fast becoming a
hit on the Internet in Germany, tapping into widespread outrage
over U.S. surveillance programmes revealed by fugitive
ex-National Security Agency (NSA) contractor Edward Snowden.
BERLIN, July 5 (Reuters) – A slide in demand for capital
goods at home drove an unexpected 1.3 percent drop in German
industry orders in May, underscoring fragility in Europe’s
largest economy and disappointing hopes it might support
The second monthly drop in seasonally and price-adjusted
order intake compared with a consensus forecast in a Reuters
poll of 37 economists for a 1.2 percent rise. It was a steeper
fall than even the lowest forecast for a 0.7 percent slide.
BERLIN, June 27 (Reuters) – German joblessness unexpectedly
dropped in June and the unemployment rate remained close to its
lowest level since reunification more than two decades ago,
underscoring the strength of the domestic economy.
While European peers struggle with spiralling unemployment,
Germany’s labour market is robust, propping up consumer morale
which rose to its highest level in almost six years heading into