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German Sales

rffrydr
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Joined: 30 Oct 2005
Posts: 16932
Location: Sunny California

Posted: Fri Mar 30, 2007 7:49 am Post subject: German Sales

VAT increase. What VAT increase? As predicted Germans shake off 3% raise in tax. Phased passthroughs, loopholes and plain old demand bear through:

Quote:

``We expect sales to pick up further in the course of the first half on the back of the decline in unemployment,'' said Kenneth Broux, an economist at Lloyds TSB Bank Plc in London. Today's data are the latest to suggest that ``markets and observers will have to revise up their growth estimates for Germany.''

http://www.bloomberg.com/apps/news?pid=20601100&sid=awXelE4n4_0c&refer=germany
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