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Germany's inflation surged to 2.4% in October, back above the European Central Bank's 2% target, even as the country narrowly avoided a technical recession in the third quarter.
The harmonized German consumer price index eased to 2% in August, coming in lower than analysts had expected, preliminary data from the country's statistics office Destatis said Thursday.
The German construction sector is showing no signs of recovering, even after being in a crisis for months and despite pledges of support and investment from the government.
After years of China being Germany's main trading partner, the U.S. looks like it's quietly taking that top spot as the year progresses.
Inflation in the 20-nation euro zone eased to 2.4% in March, according to flash figures published by the European Union's statistics agency Wednesday, boosting expectations for interest rate cuts to begin in the summer.