Business News Asia
According to the Federal Statistical Office, German merchandise exports fell by 6.3% in December 2022 compared to the previous month. This decline was just below the expected 3.3% drop forecasted by analysts. In addition, German imports saw a 6.1% decrease…
The German government has reported a surprising decrease in retail sales in December, with a drop of 5.3% compared to the previous month. The figure falls short of analyst predictions, which had expected a 0.2% rise in retail sales. The…
Leading materials science firm, Dow, and global advanced recycling solutions provider, Mura Technology, have partnered to address the issue of global plastic waste and promote circular economy manufacturing. Mura plans to construct a new recycling facility in Boehlen, Germany, on…
According to the German economic research institute Ifo, its business sentiment index rose to 90.2 in January, up from 88.6 in December. This increase in sentiment was driven by China’s economic opening and the relief of concerns about inflation following…
Germany’s Eastern European Economic Relations Committee announced that German exports to Russia last year fell to their lowest level since 2003, resulting in a record high trade deficit with Russia. According to the committee, German exports to Russia were 14.6…
According to preliminary surveys from S&P Global, Eurozone business activity turned unexpectedly into modest growth in January, indicating that the Eurozone economic downturn may not be as severe as expected and the Eurozone could avoid a recession. The Purchasing Manager’s…
According to a recent report from market research institute GfK, German consumer confidence is continuing its upward trend in February due to falling energy prices. The Consumer Confidence Index, which measures consumers’ willingness to spend, increased to -33.9 in February…
Germany’s Producer Price Index (PPI) has fallen to its lowest level in over a year, according to the Federal Statistical Office (Destatis). The PPI dropped by half from its peak, indicating that price pressures in the country are waning. According…
The latest data from the Center for Economic Research for Europe (ZEW) showed that Germany’s economic sentiment rose to +16.9 in January, surpassing analysts’ expectations of -15.0 and marking the first time the Confidence Index has turned positive since February…
Germany’s Federal Statistical Office announced today that the country’s inflation rate fell further in December of 2022. The Consumer Price Index (CPI) rose 9.6% year-on-year in December, a decrease compared to the 11.3% in November and 11.6% in October. The…
