The BDI industry federation also upgraded its growth forecast for the current year to 2.5 percent from 2.0 percent previously, even if federation chief Jürgen Thumann warned the government not to become complacent.
The prospect of faster growth in Germany is likely to strengthen the European Central Bank's arguments for further monetary tightening in the entire 13-country euro zone, analysts said.
In an interview published in the daily Frankfurter Allgemeine Zeitungon Monday, Bundesbank chief Weber said the recent slew of favorable economic news coming from Germany was only the beginning, hinting that the central bank might upgrade its growth forecast for the current year.
"The entry into the first quarter was very favorable, so there is a possibility that we will upgrade our forecast," said Weber, who as head of the German central bank sits on the ECB's policy-setting governing council.
Warnings about complacency
BDI chief Thumann told a news conference in Hanover said the current robust growth would make itself felt on the labor market where unemployment could feasibly fall below 3.5 million.
