Germany’s economic upturn has strengthened: economy ministry

April 20, 2011 - 0:0

@T= BERLIN (Dow Jones)--Germany’s economic upturn has strengthened in the spring and increasingly is based on domestic demand, the economy ministry said in its April report Tuesday.
“The upturn now encompasses the entire economy,” the ministry said in a statement.
Businesses plan to invest heavily and employ more people, while the impact on the country’s economy from the earthquake and nuclear disasters in Japan and the upheavals in Arab countries is limited, the ministry said.
The government expects gross domestic product to rise 0.8% in the first quarter from the previous, and by 2.6% this year.
Manufacturing output and construction are increasingly dynamic, and are expected to expand further in the coming months, the ministry said.
Household consumption is seen continuing to grow despite a spike in inflation, which reached 2.1% in March, driven by higher oil prices.