Tag Archives: Germany

Data on Wednesday showed that German retail sales fell much more than expected in July after two months of increases, in the first indication that a consumer-led recovery in Europe’s largest economy could lose some momentum in the third quarter. The Federal Statistics Office said retail sales fell 5.1% month-on-month …

Official data revealed on Tuesday, August 31, that the unemployment rate in Germany fell more than expected in August, as the recovery continued in Europe’s largest economy despite the increase in Covid-19 infections. The Ministry of Labor stated that the number of unemployed decreased by 53,000, after adjusting for seasonal …

According to the preliminary estimate published by Destatist on Monday, consumer inflation in Germany, as measured by CPI, decelerated sharply in August and remained flat as compared to the 0.9% rise recorded in the previous month. On a yearly basis, the CPI edged higher to 3.9% from 3.8% in July.

German business confidence declined in August for the second month in a row, according to a survey published on Wednesday, August 25, as business expectations became more pessimistic about the coming months in Europe’s largest economy due to an increase in COVID-19 infections and supply bottlenecks. The Ifo institute said …

The German Federal Statistics Office said in a revision of an earlier estimate that private consumption and government spending led to a stronger-than-expected economic recovery in Germany in the second quarter, following the easing of anti-Covid-19 restrictions. The bureau added that gross domestic product grew 1.6% in the April-June quarter, …

Germany’s economic growth may fall short of expectations this year, the Bundesbank said in a monthly report on Monday, and that the resurgence of the coronavirus could impose unexpected pressure on the economy in the fall. Europe’s largest economy is expected to grow by about 3.7% this year and 5.2% …

Adidas is selling Reebok to Authentic Brands Group in a deal worth about EUR 2.1 billion ($2.5 billion). The largest sportswear manufacturer in Europe reportedly wants to focus on its main business and core brand The German multinational company acquired Reebok in 2006 in a $3.8 billion deal that failed …

The German ZEW headline numbers for August showed that the Economic Sentiment Index dropped more than expected to 40.4 from 63.3 previous while missing estimates of 56.7. Meanwhile, the Current Conditions sub-index slipped to 29.3. in August as against 21.9 recorded in the previous month and 30.0 expectations.

German exports rose more than expected in June, data showed on Monday, August 9th, despite continued Bottlenecks in manufacturing supplies, pointing to a strong recovery in Europe’s largest economy. The Federal Statistics Office said that seasonally-adjusted exports increased 1.3% month-on-month after rising by a slightly revised 0.4% in May. Imports …

Thursday, August 5th data showed orders for German-made goods rose more than expected in June, driven by bookings of large industrial products primarily by domestic customers. Data published by the Federal Statistics Office showed that orders for “made in Germany” goods jumped 4.1% month-on-month, after adjusting for seasonal factors. This …