The German ZEW headline numbers for October showed that the Economic Sentiment Index worsened to 22.3 from 26.5 previous and below expectations of 24.0. The Current Conditions sub-index dropped to 21.6 in October as against 31.9 seen the previous month and 29.5 expected. The Eurozone ZEW Economic Sentiment for October …
Read More »Germany: Annual HICP Rose to 4.1% in September
According to the preliminary estimate published by Destatist this Thursday, consumer inflation in Germany, as measured by CPI, remained flat for the second successive month in September as against market expectations for a modest 0.1% rise. On a yearly basis, the headline CPI rose 4.1% during the reported month from …
Read More »German Consumer Sentiment Rises
German consumer sentiment rose against expectations as October reached its highest level in a year and a half, according to a survey published on Tuesday, September 28, in a sign that households continue to support the recovery in Europe’s largest economy. The GfK institute said its consumer confidence index, which …
Read More »Germany’s IFO Cuts 2021 GDP Growth Forecast to 2.5%
The German Ifo Institute announced this morning, Wednesday, that it has reduced its economic growth forecast in Germany during the current year, as the expectations of experts at the institute indicate that the German economy will grow by about 2.5% during 2021 due to the fluctuations in supply chains and …
Read More »Eurozone Production Stronger Than Expected in July
Eurozone industrial production rose 1.5% more than expected in July, according to data released Wednesday, September 15th, thanks to higher production of capital goods and consumer non-durable goods. The European statistics office Eurostat reported that industrial production in the 19 countries dealing in the euro currency rose 1.5% on a …
Read More »German Economy Ministry: GDP Rises Significantly in Q3
The German economy ministry was out with some comments in the last hour, saying that the GDP growth is likely to pick up significantly in Q3 following a 1.6% QoQ rise in the previous quarter. The GDP growth is expected to normalize in the fourth quarter.
Read More »German ZEW Economic Sentiment Index Drops to 26.5 in September
Investor sentiment in Germany fell for the fourth consecutive month in September, a survey showed, as investors expected scarcity of raw materials to slow the recovery in Europe’s largest economy. German ZEW Economic Sentiment fell to 26.5 from 40.4 in August. A Reuters poll had forecast a decline to 30.0. …
Read More »German Investor Sentiment Falls
A survey showed that investor sentiment in Germany fell for the fourth consecutive month in September, with investors expecting a scarcity of raw materials and a shortage of chips to slow the recovery in Europe’s largest economy. The ZEW Institute for Economic Research said its survey of investor sentiment fell …
Read More »German Industrial Production Recovery Suggests Bottlenecks Are Easing
German industrial production rose more than expected in July after a three-month decline, data showed, in a sign that factories were overcoming supply bottlenecks that slowed the recovery of Europe’s largest economy. The Federal Statistics Office said industrial production, which includes the construction and energy sectors, increased 1% month-on-month, after …
Read More »A Sudden Rise in Industrial Orders in Germany in July to The Highest Level Since The Start of Data Collection
Official data showed a surprising growth in industrial orders in Germany in July, to the highest level since the start of data collection in 1991, indicating a strong start to the second half of the year in Europe’s largest economy. The data published by the Federal Statistics Office revealed that …
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