The German ZEW headline numbers for July showed that the Economic Sentiment Index worsened more than expected to 63.3 from 79.8 previous while missing estimates of 75.2. The Current Conditions sub-index firmly recovered to 21.9 in July as against -9.1 recorded in the previous month and 5.0 expectations.
Read More »Germany: Annual HICP Declines to 2.1% in June
Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.4% (preliminary) on a monthly basis in June from 0.5% in May, the data published by Destatist showed on Tuesday. On a yearly basis, the CPI declined to 2.3% from 2.5%. Both of these readings came …
Read More »German Consumer Sentiment Rises More Than Expected
A survey showed that German consumer sentiment improved more than expected as July approached as consumers became more optimistic and wanted to buy after Europe’s largest economy lifted public isolation measures amid a significant drop in coronavirus infections. The GFK institute said its consumer sentiment index, based on a survey …
Read More »Germany Allows Entry to Travelers From Outside The European Union
The German Interior Ministry said today, Thursday, that it will allow entry to people from outside the European Union from June 25, provided that they receive the full dose of the vaccine against the Coronavirus unless their countries are included in the list of regions where new strains of the …
Read More »German IFO Institute Cuts 2021 GDP Growth Forecast to 3.3%
German IFO institute cut the country’s 2021 GDP growth forecast to 3.3% from 3.7% previous due to supply bottlenecks, the latest report showed on Wednesday. German current account surplus to shrink from 7% in 2020 to 5.8% in 2021 and 4.9% in 2022.
Read More »German ZEW Economic Sentiment Index Drops Unexpectedly to 79.8
The German ZEW headline numbers for June showed that the Economic Sentiment Index worsened unexpectedly to 79.8 from 84.4 previous while beating estimates of 86.0. Meanwhile, the Current Conditions sub-index recovered firmly to -9.1 in June as against -40.1 recorded in the previous month and -27.8 expectations.
Read More »German Industrial Output Fell by 1%, Contrary to Expectations in April
German industrial output unexpectedly fell in April, data showed, in a sign that semiconductor shortages and other supply bottlenecks are undermining the recovery of Europe’s largest economy. The Federal Statistics Office said industrial output fell 1% compared to the previous month, after an increase that was revised down to 2.2% …
Read More »An Unexpected Drop in German Industrial Orders in April
Today’s data showed German industrial orders unexpectedly fell in April due to lower domestic demand, indicating that manufacturers in Europe’s largest economy are still affected by the closures aimed at containing the Coronavirus pandemic. Data published by the federal statistics offices showed that orders for industrial goods fell 0.2%, after …
Read More »Germany: Annual HICP Rises to 2.4% in May
Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.5% (preliminary) on a monthly basis in May from 0.7% in March, the data published by Destatist showed on Monday. On a yearly basis, the CPI rose to 2.5% from 2%.
Read More »GFK Survey: German Consumer Sentiment Improved Less Than Expected
A survey concluded that German consumer sentiment improved less than expected with the approach of June, as shopping activity remained cautious despite a decline in the rate of Covid-19 infections and an improvement in the growth outlook for Europe’s largest economy. The GFK said its consumer sentiment index, based on …
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