German economy with the best start of the quarter since May 2024 – Diepresse.com

According to a survey, the German economy has reached the strongest growth in March in March. The shopping manager index for the private sector with industry and service providers rose from 50.4 points in February to 50.9 points in March, as the financial service provider S&P Global announced on Monday to his monthly survey of shopping managers. He has reached the highest value since May 2024.

The barometer, which was highly regarded at the financial markets, is located for the third month in a row above the growth threshold of 50.

« The first quarter looks promising, » said the chief economist at Hamburg Commercial Bank (HCOB), Cyrus de la Rubia. Thanks to the planned economic stimulus package, this could be the beginning of a more sustainable recovery.

Industrial production boosted

The attractive demand for goods « Made in Germany » and the first moderate order plan since March 2022 mostly ensured that industrial production was boosted in March. The industry braked its descent: its barometer rose to 48.3 (February: 46.5) points and thus to a 31-month high. The growth threshold gradually comes within sight.

The service sector, on the other hand, cut off disappointing, which almost stagnated due to the ongoing order of order. The barometer for the service sector fell to 50.2 (February: 51.1) and thus to a four-month low.

The view of the Union and SPD’s large financial package recently catapulted the economic expectations of investors. The huge fiscal package, which also passed the Bundestag after the Bundestag, is an important signal to the financial markets worldwide, according to the German Finance Minister Jörg Kukies (SPD). It enables great investments in Germany’s defense ability. In addition, the special fund of up to 500 billion euros contained in the package can be used for all infrastructure measures in order to make the country future -proof. (APA/Reuters)