Germany

man wearing orange hard hat

German Manufacturing PMI Contracts at Fastest Pace in Three Years in May

News

According to a recent poll released on June 1, German manufacturing experienced its sharpest contraction in three years during the month of May. This contraction was accompanied by a decline in output, marking the first decrease in four months. The final Purchasing Managers’ Index (PMI) for German manufacturing, conducted by Hamburg Commercial Bank (HCOB), dropped …

German Manufacturing PMI Contracts at Fastest Pace in Three Years in May Read More »

assorted bags hanging on wall in room

German Retail Sales Fall Short of Expectations with 0.8% Increase in April

News

The Federal Statistical Office of Germany has released data indicating that German retail sales in April showed a smaller-than-expected increase when compared to the previous month. According to the information provided, retail sales in Germany rose by 0.8% on a month-on-month basis in April. However, this figure fell short of analysts’ expectations, who had anticipated …

German Retail Sales Fall Short of Expectations with 0.8% Increase in April Read More »

berlin hauptbahnhof

Germany’s May Unemployment Rate Lower Than Expected, Signaling Labor Market Recovery

News

Germany’s Central Labor Office has released data indicating that the country’s unemployment rate in May saw a smaller increase than anticipated, pointing towards a recovery in the labor market amidst an ongoing economic downturn. According to the latest figures, the seasonally adjusted unemployment rose by 9,000 individuals to a total of 2.573 million. However, this …

Germany’s May Unemployment Rate Lower Than Expected, Signaling Labor Market Recovery Read More »

woman standing beside store shelf

German Consumer Climate Shows Positive Trend, Expected to Rise in June

News

According to the market research institute GfK, German consumer climate is set to experience an increase in June, driven by a shift in savings patterns and improved expectations of higher wages. This development eases concerns among households regarding their spending power in the face of inflation. The latest report reveals that the Consumer Climate Index …

German Consumer Climate Shows Positive Trend, Expected to Rise in June Read More »

black and silver laptop computer on round brown wooden table

German Business Climate Drops More Than Expected in May, According to Ifo

News

Ifo, a prominent German economic research institute, has revealed that business climate in Germany experienced a larger-than-expected decline in May. The significant factor contributing to this decrease is the markedly reduced forecast for future economic conditions. This latest development serves as another indication of the challenging economic hurdles currently facing Germany, which boasts the largest …

German Business Climate Drops More Than Expected in May, According to Ifo Read More »

man standing beside heavy equipment

Germany’s PMI for Manufacturing and Services Continues to Rise in May

News

In a positive sign for the German economy, the preliminary Purchasing Managers’ Index (PMI) for both manufacturing and services experienced growth for the fourth consecutive month in May. The recovery was primarily driven by a rebound in the services sector, offsetting the decline in domestic manufacturing. According to the PMI data, which includes manufacturing and …

Germany’s PMI for Manufacturing and Services Continues to Rise in May Read More »

people walking on concrete road with mid rise buildings under clouded sky

Germany Warns EU Against Targeting China in Sanctions Against Russia

News

Germany has cautioned the European Union (EU) against including China as a target of new sanctions on Russia in response to the ongoing Russian invasion of Ukraine. According to five diplomatic sources, Germany expressed its concerns during initial discussions on the proposed sanctions. The EU is currently deliberating its eleventh round of sanctions against Russia …

Germany Warns EU Against Targeting China in Sanctions Against Russia Read More »

germany flag in front of building

German ZEW Economic Confidence Index drops in May: Fear of recession

News

The European Center for Economic Research (ZEW) has released data indicating a drop in Germany’s economic confidence index for May. The index fell to -10.7 points, a decline from April’s 4.1 points and more severe than the anticipated fall to -5.3 points. This indicates that Germany’s economic problems may worsen in the next six months. …

German ZEW Economic Confidence Index drops in May: Fear of recession Read More »