BERLIN (MNI) – Favorable sentiment and hard economic data signal
that the German upswing will continue, albeit at a “markedly more
moderate” pace than in the first half of the year, the German Finance
Ministry said in its latest monthly report released Monday.
Given positive labor market developments as well as improving
household income, “the pick up of private consumption should continue,”
the report stated.
In the further course of the recovery, price pressures will likely
increase but CPI inflation will remain still moderate overall, the
ministry predicted.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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