The Magazine for Asian Investors
Germany’s purchasing managers’ index (PMI) for the services sector was 56.3 in May, down from 57.6 in March, according to S&P Global. The index above 50 indicates that German economic activity is continuing to expand. This was driven by a…
The German Institute for Economic Research (Ifo) said its business climate index rose to 99.5 in May from 97.3 in April. Companies in Germany are increasingly satisfied with their current business situation. Despite many problems such as inflation, bottlenecks in…
The Center for European Economic Research (ZEW) announced that Germany’s economic sentiment index rose to -34.3 in May, up from -41.0 in April and above analysts’ expectations of -42.0. The sentiment index was boosted by expectations that the German economy…
As the Federal Statistical Office (Destatis) announced today, industrial production in Germany fell by 3.9% in March. Analysts had expected a decline of 1%. The effects of supply chain disruption and rising costs are making themselves felt in industry. In…
The German Labor Agency announced today that the number of unemployed in Germany fell by a seasonally adjusted 13,000 to 2.287 million in April, while analysts were forecasting a drop of 15,000. The seasonally adjusted unemployment rate remains at 5%.…
The German Economics Minister said that consumers and businesses in Germany should be prepared for a sustained rise in energy prices. In a meeting with the Association of Small and Medium Enterprises, he said that while the government’s economic stimulus…
S&P Global released its final manufacturing purchasing managers’ index for April. It fell to 54.6 from 56.9 in March but was still slightly above the original estimate of 54.1. The disruption of the supply chain combined with weak demand impacted…
As the German Federal Statistical Office (FSO) announced today, gross domestic product (GDP) grew slightly in the first quarter of 2022. This is due to increased investments but the war in Ukraine has increased its impact since the end of…
The German market research institute GfK reported that the forecast for German consumer climate fell by 10.8 points to -26.5 points in May, its lowest level ever. The Climate Prospects Index was weighed down by concerns about the impact of…
The German Institute for Economic Research (Ifo) reported that its business climate index rose to 91.8 in April from 90.8 in March. The German business climate index rebalanced in April after falling sharply in March due to high energy prices…
