Tag Germany

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German Business Climate Index Rises Despite Several Problems

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…

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German Economic Sentiment Index Higher than Expected in May

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…

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German Industrial Production Down 3.9% in March

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…

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German Unemployment Rate Down in April

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%.…

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German Manufacturing PMI and Retail Sales Down

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…

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German GDP Grows Slightly in Q1 2022

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…

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GfK: German Consumer Climate Falls to Record Low

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…

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