Tag Archives: German economy

Germany’s seasonally adjusted deficit was about 1 billion euros in the previous May, down from the revised figure in April of 3.1 billion euros, according to data released on Monday. Exports in Germany amounted to about 125.8 billion euros, down 0.5% on a monthly basis, but increased by 11.7% compared …

Data released by the German Federal Statistics Office on Friday showed that the country’s exports rose more than expected in April, rising 4.4 percent from the previous month, while imports rose 3.1 percent. A Reuters poll had expected exports to rise 1.5 percent on a monthly basis. Exports from Germany …

German Economy Minister Robert Habeck said in a radio interview that the European Union has not yet agreed to the Russian oil embargo, adding that Germany would be willing to abandon Hungary’s participation to speed up the implementation of the proposed embargo. “If the commission chairperson says 26 countries will …

US inflation eased by less than expected in April, with an 8.3% YoY reading. The latest US data dragged Wall Street futures reflecting the market’s fears. The EUR/USD pair has resumed its decline and approaches the year low at 1.0470.The EUR/USD pair fell sharply and trades around 1.0520 following the …

The German Factory Orders fell sharply in March, suggesting that the manufacturing sector of Europe’s economic powerhouse is seeing a fresh downturn. Contracts for goods ‘Made in Germany’ declined by 4.7% on the month vs. -1.1% expected and -0.8% last, the latest data published by the Federal Statistics Office showed on …

German inflation in April reached its highest level in more than four decades, driven by prices of natural gas and mineral oil products that have risen sharply since Russia’s attack on Ukraine. On Thursday, the Federal Statistics Office said consumer prices rose 7.8 percent year on year, up from 7.6 …

The German Factory Orders declined more than expected in February, suggesting that the recovery in the manufacturing sector of Europe’s economic powerhouse is in the doldrums. Contracts for goods ‘Made in Germany’ dropped by 2.2% on the month vs. -0.2% expected and 1.8% last, the latest data published by the …

The German government’s council of economic advisers on Wednesday cut the country’s gross domestic product (GDP) forecast by more than half for this year, in the face of the economic uncertainty due to Russia’s invasion of Ukraine. “Germany should immediately pull out all the stops to arm itself against a …

Germany on Wednesday declared an “early warning” that it may be moving toward declaring a state of emergency over gas supplies, and said the measure was aimed at preparing for a possible disruption or interruption of natural gas flows from Russia. Economy Minister Robert Habeck said in a statement that …

The German Factory Orders increased more than expected in January, suggesting that the recovery in the manufacturing sector of Europe’s economic powerhouse is on an upward trajectory. Contracts for goods ‘Made in Germany’ rose by 1.8% on the month vs. 1.0% expected and 3.0% last, the latest data published by …