As the Euro declines in value relative to the Pound Sterling, the Euro/GBP is testing 0.8640. Consumer confidence in the eurozone does not change, but the business outlook does. The Euro is expected to lose ground to the Pound Sterling, setting up the pair for a fifth day of losses …
Read More »The German economy recorded a slight contraction in Q3
Data showed on Monday that the German economy recorded a slight contraction in the third quarter, as the performance of the largest economy in Europe is still affected by weak purchasing power and high interest rates. The Federal Statistics Office said that the gross domestic product fell 0.1 percent on …
Read More »Producer prices in Germany recorded their largest decline ever
Producer prices in Germany recorded their biggest year-on-year decline in August since data collection began in 1949, raising hopes that inflation will continue to ease in Europe’s largest economy. The Federal Statistics Office reported on Wednesday that producer prices fell by 12.6 percent year-on-year. Analysts polled by Reuters had expected …
Read More »Germany’s industrial output fell more than expected in July
Germany’s industrial output fell slightly more than expected in July, the Federal Statistics Office said on Thursday, highlighting the challenges facing the sector after Europe’s largest economy slumped in the winter. Production fell 0.8 percent in July compared to the previous month. Analysts in a poll conducted by Reuters expected …
Read More »Euro benefits from lower than expected US jobs data
Despite poor US GDP and employment market data, the EUR/USD pair is up 0.38 percent, suggesting that the Fed may delay raising interest rates. In addition to strengthening the Euro, the US Dollar Index declines to 103.187 as US Treasury note yields also retreat.German HICP surpasses expectations, supporting the Euro …
Read More »German economy is in recession in Q2
Data from the German Statistics Office showed on Friday that the country’s economy stagnated in the second quarter compared to the previous quarter of the year after suffering a recession in the winter. The zero growth for the three months ending in July is in line with the first estimates …
Read More »German Industrial Production falls 1.5% MoM in June
Official data released on Monday showed that industrial production in Germany declined more than predicted in June, indicating that manufacturing sector activity is weakening. The industrial output of the Eurozone’s economic powerhouse fell 1.5% month on month, according to the federal statistics body Destatis, compared to -0.4% predicted and -0.1% …
Read More »Business activity contracted in Germany in July
A preliminary survey published on Monday showed business activity contracted in Germany in July, raising the possibility of a recession in the second half of the year. The Hamburg Mercantile Bank’s composite purchasing managers’ index released by Standard & Poor’s Global fell to 48.3 in July from 50.6 in June, …
Read More »Inflation in Germany changes direction and rises in June
Inflation rose in Germany in June, snapping a steady decline since the beginning of the year. Data from the Federal Statistical Office on Tuesday showed consumer prices, harmonized to facilitate comparison with other countries in the European Union, rose 6.8 percent year-on-year in June. Core inflation, which strips out volatile …
Read More »Germany’s unemployment rate rises more than expected in June
Data from Germany’s Federal Labor Office showed on Friday that the country’s unemployment rate rose more-than-expected in June. The office said that the number of unemployed increased by 28 thousand people in light of seasonal adjustments to reach 2.61 million people. Analysts polled by Reuters had expected an increase of …
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