German inflation accelerated for the first time since December, highlighting warnings by the European Central Bank that there’ll be bumps on the path back to the 2% target, Bloomberg News reported. Price growth came in at 2.4% in April, while economists polled by Bloomberg had expected it to remain steady at 2.3%. Energy was a key driver of the uptick. A similar dynamic was on display in Spain earlier Monday, with inflation quickening to 3.4% after the government continued to remove support that helped keep a lid on soaring energy costs.

German business sentiment improved to its highest level in a year — reinforcing recent signs that Europe’s largest economy is exiting two years of struggles, Bloomberg News reported. An expectations gauge by the Ifo institute rose to 89.9. in April from a revised 87.7 the previous month. That exceeds the 88.9 median forecast in a Bloomberg survey. A measure of current conditions also advanced. “Sentiment has improved at companies in Germany,” Ifo President Clemens Fuest said. “Companies were more satisfied with their current business. Their expectations also brightened.

Heubach GmbH, part of the Germany-headquartered Heubach Group, a global provider of colour solutions, has filed an application for the opening of regular insolvency proceedings over its assets with the competent insolvency court in Braunschweig, SustainablePlastics.com reported. At the same time, it applied for the jurisdiction of the Braunschweig insolvency court as the group court for the German subgroup of the Heubach Group.

Germany’s BayWa AG scrapped a euro bond sale Monday, just weeks before one of its existing notes in the currency will mature, Bloomberg News reported. The issuer, which provides trading and logistics services in the agriculture, building and energy industries, had offered €250 million ($266 million) of five-year notes at a yield of around 6.75%, according to a person with knowledge of the matter, who asked not to be identified as the information is private.

Thai retailer Central Group has acquired the landmark KaDeWe property in central Berlin from the insolvent Austrian company Signa in what it said was another step towards buying the group, Reuters reported. Central said in a statement on Friday that it was optimistic about talks to acquire the entire KaDeWe Group, which includes Alsterhaus in Hamburg, and Oberpollinger in Munich. The Thai retailer already holds a 50.1% majority stake in the group.

Levels of stress at German companies hit the highest level in almost four years, as Europe’s biggest economy faces a sustained period of slower growth, Bloomberg News reported. German corporate distress was the highest since 2020 at the start of this year, according to research published on Thursday. The study, by law firm Weil, Gotshal & Manges LLP, aggregates data from more than 3,750 listed European firms. “German corporates continued to experience the highest levels of distress,” when compared to the UK, France, Spain and Italy, the Weil report said.

German manufacturing orders edged up in February, reflecting only a moderate rebound as demand for goods remains sluggish, the Wall Street Journal reported. Orders were 0.2% higher than the prior month, German statistics office Destatis said Friday. Orders collapsed by a revised 11.4% on month in January, a large decline that evened out a steep rise in December that was primarily driven by aircraft orders from manufacturer Airbus. In a less volatile three-month-by-three-month period, orders climbed 2.8%.

Germany's only remaining major department store chain is set to get new owners after its third spell in bankruptcy protection in four years, and the company aims to keep most of its stores open, its insolvency administrator said Wednesday, the Associated Press reported. Galeria Karstadt Kaufhof is to be taken over by a consortium of U.S. private equity firm NRDC Equity Partners, which currently has investments in Hudson's Bay of Canada and Saks Fifth Avenue among others, and German businessman Bernd Beetz's BB Kapital SA.

A consortium including Hudson's Bay Company CEO Richard Baker's investment firm NRDC Corp is set to take over German department store chain Galeria Karstadt Kaufhof, two sources familiar with the matter told Reuters on Tuesday. Galeria, Germany's most prominent retailer, earlier this year filed for insolvency following the collapse of its parent Signa, the Austria-based property empire that has become the biggest casualty so far in Europe's real-estate crisis. Baker's Hudson's Bay Company had owned Galeria Kaufhof for several years before a sale to Signa and the chain's merger with Karstadt.

German industrial production increased for a second month, underpinning hopes that Europe’s biggest economy may soon emerge from a shallow recession it probably witnessed in the last six months, Bloomberg News reported. The gauge increased 2.1% in February, led by construction, the statistics office said Monday. Despite this month’s increase, overall production is still well below pre-pandemic levels, an illustration of the challenges Germany’s important manufacturing sector had to endure since then — including a surge in energy costs following the war in Ukraine.