Tag Archives: HICP

German business sentiment deteriorated more than expected in December, as companies grappled with geopolitical uncertainty, industrial stagnation, and broader economic headwinds in Europe’s largest economy. Ifo Business Climate Index Falls The Ifo Institute’s business climate index fell to 84.7 in December, down from a downwardly revised 85.6 in November. This …

German retail sales contracted by a larger-than-anticipated margin in October, highlighting ongoing consumer uncertainty amid challenging economic conditions. Monthly sales fell by 1.5%, significantly exceeding the 0.3% decline predicted by analysts polled by Reuters, according to data released on Friday by the German Federal Statistical Office. Mixed Sector Performance The …

German consumer sentiment is set to decline significantly in December, breaking a streak of improvements as households face growing concerns about job security and economic prospects, according to a survey released on Wednesday. Key Survey Results The GfK Consumer Sentiment Index, published by the Nuremberg Institute for Market Decisions (NIM), …

Investor confidence in Germany took a notable hit in November, clouded by the combined impact of domestic political turmoil and global economic uncertainties stemming from Donald Trump’s re-election as U.S. president. The ZEW Institute reported a substantial decline in its economic sentiment index, which dropped to 7.4 points from 13.1 …

Germany’s services sector experienced a slight improvement in October, with the HCOB Germany Services PMI rising to 51.6 from 50.6 in September, marking its first growth acceleration in five months. Although this three-month high signals expansion, underlying demand remains fragile, as shown by a drop in new business for the …

The decline in Germany’s manufacturing sector moderated in October, with the HCOB Germany Manufacturing PMI edging up to 43.0 from September’s 40.6, marking a three-month high. However, this index, compiled by S&P Global, remains well below the neutral 50-point level, signaling ongoing contraction. Key Points from October PMI Data Output …

The Euro continued its downward spiral, hitting a new ten-week low on Monday. The currency depreciated by 0.25% against the US Dollar, breaching the 200-day Exponential Moving Average (EMA). This decline reflects the overall strengthening of the US Dollar and the weakening Euro.Investors are eagerly awaiting the release of the …

Preliminary data showed that inflation eased across key German states in September, indicating a possible decline in inflation rates across Germany as a whole, the largest economy in Europe. This development strengthens the argument of the European Central Bank (ECB) policymakers who are advocating for another rate cut. Key State …

The number of unemployed individuals in Germany increased more than anticipated in September, according to data released by the federal labor office on Friday. The report indicated that the number of unemployed rose by 17,000, reaching a total of 2.82 million when adjusted for seasonal variations. Analysts surveyed by Reuters …

Germany’s services sector continued to lose momentum in August, marking the third consecutive month of slowing growth, according to a survey released on Wednesday. This trend adds to growing concerns about the overall health of Europe’s largest economy. The HCOB final services Purchasing Managers’ Index (PMI) dropped to 51.2 in …