BERLIN: Lower oil prices and a weaker euro appear set to boost the business of German industrial firms, according to a survey by trade and industry lobby group DIHK. Reason enough for the group to raise its growth estimate.
The Federation of German Chambers of Industry and Commerce (DIHK) on Wednesday revised its 2015 German growth estimate, boosting it from 0.8 percent expected in autumn last year to 1.5 percent now.
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After conducting a survey among 27,000 German companies, DIHK said Europe’s largest economy was “bravely defying” economic uncertainty, and added that the skepticism among businesse prevailing at the end of 2014 hadn’t materialized.
