German Eco. Ministry: Economic upturn should continue at a solid pace

The latest report published by the German economic ministry on Monday, shows a rosy picture of the economy.

Main Headlines:

The economic upturn should continue at a solid pace in coming months, with all indicators strongly positive

Solid Q1 growth is reflected in employment levels, which continue to rise strongly

Private and public consumption continue to grow strongly

The global economic environment and indicators on foreign economies point to moderate German export growth

Order levels, business climate and employment levels in the industrial sector point to a continued upturn in the sector

The construction sector outlook is positive, helped by strong orders and business climate

Forward looking seasonally indicators suggest seasonally unemployment will over next 3 months