Tag Archives: Germany

German consumers are more confident about economy

Euro continues to trade in a range against the US dollar on Tuesday, being buoyed by an  upbeat German consumer confidence report. The Gfk survey of about 2,000 German consumers in January  improved by much more than  the previous month.  There was an increase to 5.8 points going into February, up from January’s upwardly revised 5.7 points. This gives evidence that Germans have higher...

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January 29, 2013 @ 2:56 pm

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Euro boosted to $1.34 after strong German data

The euro is moving higher against the dollar in mid-session European trading hours on Friday after being boosted by strong economic data from Germany, which is Europe’s largest economy. The German Ifo index, which is deemed to be a leading indicator on economic health, rose more than forecast to 104.2 in January, marking the third consecutive monthly increase, and  the highest reading since...

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January 25, 2013 @ 11:00 am

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Germany’s growth forecast revised down by Bundesbank

The euro fell sharply on Friday following reports that Germany’s Bundesbank revised lower its growth outlook for Germany in 2013, as the euro zone debt crisis takes a toll on Europe’s largest economy. The central bank slashed the German GDP annual growth rate for next year to 0.4 pct down,  from a June forecast of 1.6 percent. The Bundesbank said there was a chance of Germany entering a...

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December 7, 2012 @ 1:56 pm

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Germany’s growth forecast revised down by Bundesbank

The euro fell sharply on Friday following reports that Germany’s Bundesbank revised lower its growth outlook for Germany in 2013, as the euro zone debt crisis takes a toll on Europe’s largest economy. The central bank slashed the German GDP annual growth rate for next year to 0.4 pct down,  from a June forecast of 1.6 percent. The Bundesbank said there was a chance of Germany entering a...

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December 7, 2012 @ 1:56 pm

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