The output figures weren't that good, though maybe they weren't that surprising if you look at most of the other data that has come out in recent months. |
Unemployment has increased over the past few months, so consumer confidence is in danger of weakening with the work force feeling more insecure. This is a problem because that is the main engine of growth at the moment. |
World growth is increasing, although it is still quite weak. But together with the sharp slide of the euro and the low interest rates, this will have a positive impact on exports and production in Germany. |