Tag Archives: HICP

Data released on Friday revealed that residential property prices in Germany plummeted by 8.4% in 2023 compared to the previous year, marking a significant downturn for the real estate sector in Europe’s largest economy. This decline represents the largest drop since Germany’s statistics office began keeping records in 2000, highlighting …

In March, Germany’s economic downturn showed signs of easing, with business activity in the country’s service sector approaching stabilization, according to a preliminary survey released on Thursday. The HCOB German Flash Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 47.4 in March from 46.3 in February. Although …

The EUR/USD pair has fallen for the second consecutive day against the US dollar as investors assess recent data from the US, revealing the economy remains strong. The US Bureau of Economic Analysis reported the second estimate of GDP for the last quarter of 2023, coming a tenth lower at …

Germany witnessed a deepening economic contraction in February, as a modest uptick in services activity failed to offset a significant downturn in the manufacturing sector, according to a preliminary survey published on Thursday. The Standard & Poor’s Global Hamburg Commercial Bank Composite Purchasing Managers’ Index (PMI) plummeted to 46.1 points …

The EUR/USD pair found some room higher but still lacks upside momentum. Final German HICP and CPI inflation brought no surprises.US CPI inflation, EU GDP figures slated for next week. The EUR/USD found some room on the high side on Friday, continuing a near-term recovery. However, the pair remains firmly …

Germany’s Federal Statistics Office delivered news on Friday that confirmed earlier indications: inflation in the country receded in January, offering a potential reprieve from recent price surges. According to the official data, consumer prices, when harmonized for comparison with other European Union nations, increased by approximately 3.1 percent year-on-year in …

Wednesday saw minimal movement in the EUR/USD pair as European economic indicators continued to weaken. After hitting a small intraday high of 1.0784, the pair tested back into familiar terrain near 1.0750. Since interest rates in the Eurozone peaked in September of last year, those who are interested in rate …

The German Economy Ministry announced on Monday its approval of plans to provide subsidies totaling $17 billion to support gas power plants capable of converting to hydrogen. This initiative aims to address the intermittency of renewable energy sources and expedite the transition to low-carbon power generation. Key Points: Purpose: The …

The Federal Statistics Office in Germany announced on Tuesday that industrial orders in the country experienced an unexpected upturn in December, defying analysts’ projections. Key Findings: December Industrial Orders Surprising Growth: Industrial orders surged by 8.9 percent from the previous month after adjusting for seasonal variations and calendar factors. This …

On Tuesday, the German Federal Statistics Office reported a contraction in the country’s economy during the final quarter of 2023, fueling concerns among economists who anticipate that Europe’s largest economy may enter another technical recession in the first quarter of 2024. According to the data, Germany’s Gross Domestic Product (GDP) …