Sandra Petcov Quotes on Books (2 Quotes)

There are some good signs of growth in Germany. Retail sales data suggest consumer spending is picking up and order books are overflowing. Firms should continue to perform relatively well.

There's no doubt German firms are doing exceptionally well order books are full to the brim and business confidence is at levels not seen since reunification. But they haven't started hiring yet. They know that in 2007 a very large fiscal tightening is envisaged, so this could be a short-lived rise in demand.