A bumper week of economic data for Germany, coupled with a confirmation of its AAA rating, has boosted hopes that its recovery is gaining traction.
Germany's industrial output grew at its fastest pace in almost two years in June, according to data released on Wednesday. Output rose by 2.4 percent on the month, substantially beating the Reuters consensus forecast of a 0.3 percent gain.
This was followed on Wednesday by an affirmation of Germany's sovereign AAA rating by Fitch Ratings, who said the country's outlook remained stable.
Wednesday's data were welcomed by economists, who said they bade well for the country's second-quarter gross domestic product (GDP) reading, which will be published on August 14.
"June's German industrial production data points to healthy quarterly GDP growth in Q2, and the sector could continue to build steam in the near-term," said Ben May, European economist at Capital Economics.
Meanwhile, Carsten Brzeski, senior economist at ING, said the country was making an "impressive comeback".
"The German economy is on a good way towards an impressive growth comeback in the second quarter," Brzeski said on Wednesday. "Slowly but surely, industrial activity has returned as an important growth driver for the German economy."
The data follow a string of positive surveys for the country. Monday's construction numbers revealed the sector was continuing to expand, and industrial orders in June posted the biggest rise since October, according to data released on Tuesday. Other releases have shown that consumer sentiment is getting a boost, unemployment is falling and the country's private sector is growing.
"It looks as if the German economy is again walking on two feet: solid private consumption and strengthening industrial activity," Brzeski said. "With this week's data, a long roller coaster ride of the German economy is coming to an end."
But Anatoli Annenko, senior European economist at Societe Generale, said that although the data hinted at strengthening momentum, it followed a first quarter which was dampened by temporary factors, such as bad weather.
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"As such, we do expect some slowdown in the third and fourth quarter," he told CNBC.