[to top of second column]
Also in the construction industry, the climate and current business improved somewhat though caution regarding future business outlook remained unchanged.
"Notwithstanding the latest impressive acceleration, the rally in business sentiment is likely to continue in the short term," UniCredit Economist Alexander Koch wrote in a note to clients.
"The hard-hit export champion will now in turn benefit disproportionately from the pickup in industrial demand around the globe," Koch said.
In a separate report the Federal Statistical Office confirmed German import prices marked a 12.6 percent year-on-year decline in July, the steepest fall since February 1987.
The decline follows a 11.3 percent fall in import prices for June and a 10.4 percent fall in May.
The July decline was especially tied to the fall in energy prices which were nearly 43 percent lower than energy prices in July 2008.
On the Net:
Copyright 2009 The Associated Press. All rights reserved. This
material may not be published, broadcast, rewritten or
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
< Recent articles
Back to top
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Law & Courts |
Spiritual Life |
Health & Fitness |
Calendar | Letters to the Editor