Tag Archives: Germany

The headline German IFO Business Climate Index came in at 90.7 for November, down from the previous month’s 92.7 but matched consensus estimates. Meanwhile, the Current Economic Assessment arrived at 90.0 points during the reported month as compared to last month’s 90.3 and 87.2 anticipated. On the other hand, the …

On Sunday, November 22, two senior German officials said in remarks that the country will have to extend its current measures to contain the coronavirus pandemic to last in December. Germany imposed “general isolation measures” for a month, starting from November 2, to contain a second wave of the virus …

According to the preliminary manufacturing activity report from IHS/Markit research, released this Monday, the flash version of the German Manufacturing PMI eased to 57.9 in November. The reading was still better than consensus estimates pointing to a fall to 56.5 from a 30-month high level of 58.2 recorded in the …

The German economy ministry said on Friday that the country’s economic recovery has continued until October but has slowed since August, adding that lockdown measures put in place to slow the spread of the Coronavirus hurt the economy in November. But the ministry said it did not look like the …

A partial lockdown in Germany this month could lead to weaker economic growth during the fourth quarter (Q4) of 2020, according to the German Finance Minister Olaf Scholz. The minister also said on Thursday that a government stimulus package could help offset the effect of the lockdown, Reuters reported. The …

The German ZEW headline numbers for November showed that the Economic Sentiment Index came in at 39.0 versus 41.7 expectations and 56.1 last. While the sub-index Current Conditions figure arrived at -64.3 in Nov versus -65.0 expected and -59.5 previously. Meanwhile, the Eurozone ZEW Economic Sentiment for Nov slumped to …

The European Union (EU) and its member countries plan to reset trade relations with the next administration in the United States, German Economy Minister Peter Altmaier said on Monday, as reported by Reuters. “We will try to get a new start in trade policy between the United States and all …

German exports rose more than expected in September and foreign trade gave a boost to Europe’s largest economy that continued into the fourth quarter of the year as it struggles to avoid slipping into a double-digit deflation. The Federal Statistics Office said exports, adjusted for seasonal factors, rose 2.3% on …

Data on Friday showed that German industrial production rose less than expected in September as the Coronavirus crisis curbed activity, in new evidence that the recovery from the pandemic shock is slowing down in Europe’s largest economy. Figures released by the Federal Statistics Office showed that industrial production increased 1.6% …

Germany’s GDP grew by 8.2% during the third quarter of 2020, compared to the previous quarter, amid increased consumption from households, a strong increase in exports and positive activity in manufacturing, according to official data. Experts polled by Reuters had expected growth of 7.3% in Q3. The German economy contracted …