Tag Archives: German economy

On Friday, Chancellor Olaf Scholz presented his vision to rejuvenate Germany’s struggling economy during a campaign event at Volkswagen’s historic home base, which has been hit hard by the ongoing crisis. In front of a crowd of supporters, Scholz defended his government’s economic record, which has been battered by an …

For years, Chinese industrial orders helped create and support thousands of well-paid jobs in Germany. But the Asian giant’s economic slowdown has led to lower demand for German goods and dampened growth prospects.China has long been a key market for German industrial companies, especially in the automotive and machinery sectors.The …

Business activity in the euro zone saw an unexpected and sharp contraction this month, as the bloc’s dominant services sector stagnated, and the manufacturing downturn accelerated, according to data released on Monday. HCOB’s preliminary composite euro zone Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped to 48.9 in September …

S&P Global composite PMI fell to 50.1 in July, attributed to the lack of growth of business activity in Germany and France. Eurozone business activity grinds to a halt amid surprise slump in Germany. Eurozone private-sector activity barely grew this month as its top economy Germany unexpectedly slumped, the latest …

In April, the persistent downturn in euro zone manufacturing activity intensified due to weakening demand, despite factories slashing prices. This compelled businesses to further trim their workforce, according to a survey released on Thursday. The final euro zone Manufacturing Purchasing Managers’ Index (PMI) by HCOB, compiled by S&P Global, dropped …

In February, the Eurozone’s current account surplus dipped to €29.5 billion, down from €39.4 billion previously. While goods and services showed surpluses, secondary and primary income recorded deficits. Germany, a key player, hinted at economic growth in Q1, thanks to unexpected boosts from industry and construction. However, concerns linger over …

Concerns regarding Germany’s recovery, which is anticipated to be challenging, are growing. Due to a combination of rising interest rates, weak global orders, and high energy costs, Germany’s economy has been among the weakest in Europe this year.Given a combination of rising interest rates, weak global orders, and high energy …

The EUR/GBP pair is resuming its downward trend, edging closer to its yearly low, signaling potential bearish momentum in the pair. The current trend remains undecided below the 0.8700 resistance, awaiting a clear direction pressured down by failing German Yields.Market awaits ECB President Lagarde’s speech and German inflation data on …

The US Dollar retreated on Wednesday, though US yields jumped. Most European stock markets posted losses, and on Wall Street, US equities exhibited mixed performance.The AUD/USD pair recovered from monthly lows by holding around the 0.6700 support. NZD/USD reached its highest level in two weeks on Wednesday, reaching 0.6275, making …

Industrial Production in Germany increased in November, the official data showed on Monday, suggesting that the manufacturing sector is showing some signs of recovery. Eurozone’s economic powerhouse’s Industrial Output rose by 0.2% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs -0.1% prior. …