German salary increases, overseas sales offer hope for Euro block

Source: Reuters
© Scanpix\AFP
German salaries climbed at their fastest temp in four years at the beginning of 2013 and Euro area overseas sales inched up in April, pushing the Eurozone's economy towards recovery. German Hourly labour costs increased 3.9% in the first quarter,  the most since 2009, and gained more than the overall Euro area rate of 1.6%. 
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