Tag Germany

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German Exports Dip 6.3% in December, Below Expectations

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…

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Germany Experiences 5.3% Decrease in December Retail Sales

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…

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Ifo: German business sentiment rises in January

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…

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Germany’s Exports to Russia Fall to 19-Year Low in 2022

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…

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Eurozone Business Activity Shows Unexpected Growth in January

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…

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Germany’s Inflation Rate Drops to 9.6% in December

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…

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