Tag Archives: Germany

Germany’s exports fell for a second straight month in September, while imports nearly stagnated, the statistics office said on Tuesday, in a new sign that supply chain disruptions are undermining the recovery of Europe’s largest economy. Seasonally adjusted exports fell 0.7% during the month to 112.3 billion euros ($129.75 billion), …

German industrial output fell unexpectedly in September, as supply problems related to raw materials and commodities continued to affect production in Europe’s largest economy. Germany’s Federal Statistics Office said industrial output fell 1.1% month over month after an upwardly revised 3.5% drop in August. A Reuters poll had forecast industrial …

The German Factory Orders rebounded less than expected in September, suggesting that the recovery in the manufacturing sector of Europe’s economic powerhouse seems to be losing momentum. Contracts for goods ‘Made in Germany’ jumped 1.3% on the month vs. 2.0% expected and -7.7% last, the latest data published by the …

The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility, and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as was widely expected. Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her remarks on the …

Inflation in Germany, as measured by the Consumer Price Index (CPI), rose to 4.5% on a yearly basis in October from 4.1% in September. This reading came in higher than the market expectation of 4.4%. The annual Harmonized Index of Consumer Prices (HICP), the European Central Bank’s preferred gauge of …

Germany’s economy ministry announced on Wednesday that they have lowered the 2021 growth forecast to 2.6% from 3.5% reported in April, per Reuters. Raised 2022 GDP forecast to +4.1% from April forecast of +3.6%. Expecting GDP growth of +1.6% in 2023.

The IFO Institute’s Business Climate index for Germany declined to 97.7 in September, which is significantly below expectations of a 98.2 result. The unexpected drop in business sentiment was the fact that the August reading for the index released in September was revised slightly upward to 98.9 from 98.8.This forex …

Prosecutors in Germany are required, pursuant to the law, to put seized items such as bitcoin up for auction. An online auction of seized bitcoin that was initially priced at a discount aroused astonishment in Germany. The minimum bid was set at 42,400 Euros, below bitcoin’s recent price above $63,000. …

Spokesperson of the German Ministry of Economy Beate Baron pointed out, Friday, that all the available capacities for natural gas supplies from Russia to Europe are used. “According to my data, pipeline capacities are used properly”, she said. “You need to check with market players how high capacities are”, Baron …

The German manufacturing sector expanded in October, the preliminary manufacturing activity report from IHS/Markit research showed this Friday. The Manufacturing PMI in Eurozone’s no.1 economy came in at 58.2 this month vs. 56.5 expected and 58.4 previous. The index reached its lowest in nine months. Services PMI dropped to six-month …