Germany's GDP is leading the Eurozone out of a recession. At 2.2% growth this year it puts to bed news of a downturn for the near future in Germany.
An article in the FT today discussed the implications of this for the longer term - concluding that for now there is still no evidence that Germany and Europe are out of the woods yet. The reason for this was that Germany's key industries are reliant on lower cost manufacturing from China - and the fears that a slowing China economy will have flow-through impact to Germany.
At the same time the weakness in the Euro as a basket currency has made the German products more attractive internationally as the economy draws upon its production capacity. However, most of the other Euro nations don't have this ability and indeed France - the second biggest country in the EU after Germany grew less than 1% in Q2 this year.
No matter what the news says anything that is positive is better than negative.
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