The German economy will expand faster than expected this year, spurring the government on Thursday to raise its growth forecast for Europe's economic powerhouse.
German exports picked up in February after a decline in January, official figures showed Friday, another sign of sustained economic activity in Europe's powerhouse.
German exports in January rose 24.2 percent from a year earlier, pushing the country's trade surplus higher, while China overtook the Untied States as the leading importer of German goods, official figures showed Thursday.
Germany’s booming economy slowed in the fourth quarter of last year amid exceptionally harsh winter weather, expanding just 0.4 percent according to figures published by the national statistics office on Tuesday.
Germany's trade surplus grew by 11.2 percent in 2010 as exports leapt by a record 18.5 percent, but Europe's biggest economy also bought more from neighbours as it bounced back from a historic recession, data showed Wednesday.
The German economy, Europe's biggest, grew by a record 3.6 percent last year, provisional figures released on Wednesday by the national statistics office showed.
German imports hit a record high level in November, slashing the national trade surplus as a global recovery drove up prices for oil and other commodities, official data showed on Friday.
German industrial orders surged by a surprise 5.2 percent in November from the level in October, provisional data showed on Thursday, a sign Europe's largest economy should remain robust in coming months.
German exports are tipped to reach a record high in 2011, with the country's main trade association forecasting sales abroad should crash through the €1 trillion barrier for the first time.
The leaders of economic powerhouses Germany and India said Saturday they were confident they could boost bilateral trade by some €7 billion euros, or about $9 billion, in the next two years.
German industrial orders rose by 1.6 percent in October from their level in September, Economy Ministry data showed on Tuesday, slightly below analyst expectations.
The German economy, Europe's biggest, should post record growth of 3.6 percent this year followed by expansions of 2.0 percent in 2011 and 1.5 percent in 2012, the central bank forecast on Friday.
Germany’s economic rebound is broadening, Economy Minister Rainer Brüderle said on Tuesday, as he announced that growth had slowed but was still solid.
Success breeds resentment – so it's little wonder other countries including the United States are jealous of Germany's booming economy. But even Germans don't seem to like it when things are going well, says Malte Lehming from Der Tagesspiegel.
The German export machine shifted back in top gear in September, official data showed on Monday, boosting further the country's hefty trade surplus despite the strong euro.
Volkswagen, the biggest European carmaker, reported Friday a strong operating profit of €4.8 billion for the first nine months of 2010 and said its full-year figure would show gains as well.
German Economy Minister Rainer Brüderle cautioned upon arriving in China Tuesday that a global trade war was brewing, amid wide differences between key trading nations on currency policy.
German exports rose sharply in July compared to the year before, official data showed Wednesday, providing a further boost to Europe's top economy as it bounces back from last year's crippling recession.
Europe's economy outpaced the United States and Japan in the second quarter, EU data showed Thursday, but analysts warned that the German-powered growth would likely lose steam in the second half.
The US government announced criminal charges Wednesday against executives from six German and Chinese companies accused of smuggling antibiotic-tainted Chinese honey in order to avoid import duties.
Domestic consumption and business investment have helped Germany post record growth and raised the chances that Europe's economic engine will keep chugging along this year, economists said on Tuesday.
The German economy should grow by 3.0 percent this year, the country's central bank said on Thursday, raising a previous forecast of 1.9 percent following record second quarter growth.
Germany posted its best quarterly growth since reunification in 1990 on Friday, with one economist saying it was "in a league of its own" as other leading industrial nations showed signs of slowing down.
