The Magazine for Asian Investors
S&P Global reports that German economic activity contracted further in September. Higher energy costs are weighing on the German economy, which is the largest in Europe. At the same time, companies expect a decline in new orders. The Purchasing Managers’…
According to the Federal Statistical Office (FSO), German producer prices rose more sharply in August than at any time since monthly and annual records began. The steadily rising price of energy is the main driving factor. According to the report,…
As reported by the Federal Statistical Office (FSO), German wholesale prices rose slightly in August compared with July. This was due to higher prices for milk and fat products. Wholesale prices also rose slightly by 0.1% month-on-month. According to the…
The Center for European Economic Research (ZEW) announced that the economic sentiment index in Germany fell to -61.9 in September, below analysts’ expectations (-60.0), from -55.3 in August. The sentiment index was dragged down by concerns about the energy crisis.…
As reported by the Federal Statistical Office (Destatis), inflation in Germany accelerated again in August after slowing as expected in June and July. This is a signal that price pressure is continuing in view of the ongoing energy supply crisis.…
The Federal Statistical Office reported that the value of German imports from Russia in July 2022 increased by 10.2% year-on-year to 2.9 billion euros ($2.95 billion), due to higher import costs. Import costs increased contrary to Germany’s willingness to stop…
New factory orders in the German industry fell by 1.1% month-on-month in July, exceeding the forecast of a 0.5% decline. The decline followed a revised 0.3% drop in June. July’s decline was the sixth consecutive month of declines in new…
S&P Global’s survey showed that Germany’s services sector contracted for the second month in a row in August as domestic demand came under pressure from rising inflation and stagnating confidence. The German Purchasing Managers’ Index (PMI) for the service sector…
According to the Federal Statistical Office, the German trade surplus fell in July as the number of exports declined more than the number of imports According to the report, Germany’s seasonally adjusted trade surplus was 5.4 billion euros ($5.37 billion)…
The unemployment rate in Germany rose in August as more Ukrainian refugees arrived in Germany following the Russian invasion of Ukraine forcing many people to migrate. In Germany, the number of unemployed rose by 28,000 in August, resulting in an…
