Tag Archives: German

Data showed that German retail sales rose much more than expected in August, reviving hopes that household spending in Europe’s largest economy will lead to a strong recovery in Q3 from the coronavirus shock. Data from the Federal Statistics Office revealed that retail sales jumped 3.1% on a monthly basis …

Stocks listed in Frankfurt rose on Tuesday, September 8th, while the rest of the European markets fell, as data showed that German exports increased in July, dispelling fears that the United Kingdom faces the risk of leaving the European Union without a trade deal. The European Stoxx600 index fell 0.1% …

German retail sales declined in July, missing economists’ expectations of an increase Data released by the German Statistics Office on Wednesday showed that German retail sales fell by -0.9% during the month of July, compared to a decline of -1.9% in the previous June. On the year, retail sales rose …

The ZEW Institute reported on Tuesday that investor confidence in Germany improved more than expected in August, but indicated that experts are seeing the current conditions improve slowly. A survey of investor confidence in the economy rose to 71.5 from 59.3 in the previous month, far exceeding expectations of 58 …

The headline German IFO Business Climate Index came in at 90.5 in July, better than last month’s 86.2 while beating the consensus estimates of 89.3. Meanwhile, the Current Economic Assessment arrived at 84.5 points in the same month as compared to last month’s 81.3 and 85.0 estimated. On the other …

German Minister of Economy Peter Altmaier said during press statements that he expects that his country’s economy is recovering from the repercussions of Covid-19 in October. Altmaier added that the economy will shrink by 6% in 2020 and then return to growth by more than 5% in the following year. …

Germany’s influential IFO said on Monday, about one fifth (21%) of the German companies see their survival threatened by the coronavirus crisis. Quotes “Travel agents, hotels and restaurants are particularly concerned.” “We could see a wave of insolvencies in the coming months.”

German factory orders jumped 10.4% in May MoM, indicating that the contraction in Europe’s largest economy is slowing down.Data released by the Federal Statistics Office on Monday showed that contracts for goods “made in Germany” jumped 10.4% MoM compared to +15.0% expected and -25.8 previous. On an annualized basis, German …