Portuguese shoppers are joining exporters in dragging the country out of the longest recession in at least 25 years, and bondholders are benefiting.
Manufacturing growth from China to the euro region and the U.S. slowed in May, adding to signs that momentum is weakening in a global economy facing headwinds from rising commodity costs and regional shocks.
Growth in Europe’s services and manufacturing industries unexpectedly accelerated in July as concern over the sovereign-debt crisis eased and an increase in global trade spurred exports.
German investor confidence fell for a fifth month in May in a sign of growing concern that threats from low inflation to a strong euro may undermine the recovery.
Growth in Europe’s manufacturing industry accelerated more than previously estimated in July, indicating an export-led recovery maintained its momentum.
German investor confidence fell more than economists forecast in April after the European Central Bank raised interest rates to curb inflation.
Inflation in the German state of North Rhine-Westphalia slowed in May after crude-oil prices retreated from a 2 1/2 year high.
The dollar rose for a third day against the yen before a U.S. report that economists said will show employers stepped up hiring last month, pointing to a recovery in the world’s biggest economy.
Exports from Germany, Europe’s largest economy, rose the most in 18 years in March as the global economic recovery gathered pace.
"The German economy will develop rather weakly in the second half of this year."
- Ralph Solveen on Oct 06, 2014
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