The German economy has emerged relatively unscathed from the economic chaos unleashed by Europe's debt crisis with a slew of data showing the nation's growth rate gaining momentum, dpa reported. May exports surged by 9.2 per cent amid a global economic upswing with a string of recent German indicators pointing to expanding industrial production, falling unemployment and growing optimism in the boardrooms of Europe's biggest economy. "While German consumer confidence probably took a hit after a world championship title is out of reach, the German economy is still a promising candidate in another race: eurozone growth champion 2010," said ING economist Carsten Brzeski, referring to Wednesday's Spain-Italy World Cup match won by Italy. The Wiesbaden-based Federal Statistics Office said May exports rose by 28.8 per cent year-on-year with strong demand from the world's leading emerging economies and a weaker euro boosting German foreign orders. "Exports should continue to rise in the coming months," said Commerzbank economist Simon Junker, with exports representing the key pillar of the nation's economic growth. In the meantime, the Ministry for Economics and Technology said industrial production jumped by a stronger-than-forecast 2.6 per cent in May further highlighting Germany's recent solid economic performance. -- SPA
