24 May 2011 19:41 [Source: ICIS news]
Philipp Rosler, who took over as economics minister from Rainer Bruderle this month, said Germany’s first-quarter GDP beat - for the first time - its pre-crisis level from early 2008.
Following eight consecutive quarters of sequential growth,
He noted, in particular, strong German domestic demand.
In related news on Tuesday, Cologne-based Institute for the German Economy (IW) said
IW’s forecast compares with a recent consensus on a 2.8%-growth forecast for 2011 by eight German economics institutes.
Also on Tuesday, Munich-based Ifo institute said its business confidence index for
Economists polled by a news organisation had expected a decline. The Ifo index is based on about 7,000 monthly survey responses from firms in manufacturing, construction, wholesaling and retailing.
Read Paul Hodges’ Chemicals and the Economy Blog
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections