The German economy is likely to have expanded in the last quarter on a rebound in industrial production, the Bundesbank said in a monthly report on Monday, revising its previous prediction of a small contraction.
The euro zone's biggest economy has struggled for much of the past year as sky-high energy prices weighed on its vast industrial sector, but a modest rebound has been under way since gas prices fell back, boosting hopes that a recession can be avoided.
Falling gas prices supported energy intensive industries while supply bottlenecks continued to ease, car demand picked up and construction also got a boost, even if that was partly due to mild weather. High employment should also keep supporting consumption, and unemployment is likely to fall slightly in the coming month, the bank added.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bundesbank: German economy did better in Q1 of 2023 than expected'The German economy did better in the first quarter of 2023 than expected a month ago and activity is likely to have picked up again somewhat,' German
Consulte Mais informação »
German magazine fires editor over AI 'interview' with Michael SchumacherThe publishers of a German magazine that ran an 'interview' with Michael Schumacher generated by artificial intelligence have sacked the editor and apologised to the Formula One great's family.
Consulte Mais informação »
German magazine apologises to Schumacher family, sacks editorThe publishers of a German magazine that ran an 'interview' with Michael Schumacher generated by artificial intelligence have sacked the editor and apologised to the Formula One great's family.
Consulte Mais informação »
Resurfacing project on Alabama Highway 51 in Barbour County begins MondayAccording to ALDOT, The project will consist of resurfacing and a new traffic stripe on Alabama Highway 51
Consulte Mais informação »
Danny Masterson's rape retrial: Opening statements set to begin MondayFive months after a deadlocked jury led to a mistrial for actor Danny Masterson, the former star of 'That '70s Show' is about to be retried in an L.A. court. Masterson is accused of raping three women between 2001 and 2003.
Consulte Mais informação »
German public sector workers agree wage deal with employersGerman public sector workers have agreed on a wage deal with employers, Interior Minister Nancy Faeser said on Saturday, ending a dispute that has brought disruption to Europe's biggest economy.
Consulte Mais informação »