Germany’s consumer price index (CPI) dropped to an eight-month low of 7.2% in April from a year earlier, according to data released by the German Federal Statistical Office (Destatis). This marks a decline from March’s 7.4% and is the second consecutive monthly decrease in inflation. On a month-on-month basis, Germany’s CPI saw a 0.4% increase …
German Inflation Hit an 8-Month Low of 7.2% YoY in April Read More »
The financial regulatory office of Germany, BAFIN, has warned that the country’s bank system is facing a stress test amidst the current market fluctuations. In addition, BAFIN has predicted that the commercial real estate sector will experience significant weakness. These warnings have come in the wake of the collapse of the Silicon Valley Bank (SVB) …
Germany Warns of Weakness in Bank System and Property Market Read More »
According to Germany’s Federal Statistical Office (Destatis), the country’s industrial production declined by 3.4% in March on a month-on-month basis, after rebounding for two consecutive months. The figures indicate that German car production plummeted by 6.5% in March, while new orders fell by 10.7%. The decline in industrial production has raised concerns about the nation’s …
German Industrial Production Drops by 3.4% in March Read More »
The German Statistical Office released new data today showing a 3.4% drop in industrial production for March compared to the previous month, well below the 1.3% decline that analysts had predicted. The report attributes the decline to weak performance in the automotive sector. Despite the monthly decline, Germany’s industrial production rose 1.56% compared to the …
Germany’s Industrial Production Falls 3.4% in March, Driven by Weak Automotive Sector Read More »
According to a survey conducted by S&P Global, German manufacturing saw its sharpest contraction in almost three years in April, with the Purchasing Managers’ Index (PMI) falling to 44.5, down 0.2 percentage points from the previous month. This is the third consecutive month of decline and the lowest reading since May 2020. An index below …
German final manufacturing PMI contracted in April, but productivity moves up Read More »
Germany’s Federal Statistical Office (FSO) announced on Monday (May 2) that retail sales in the country had dropped 2.4% in March compared to the previous month, falling short of analyst expectations. This was accompanied by a larger decline of 8.6% in retail sales when compared to March of the previous year. This disappointing news came …
Germany’s Retail Sales Fall 2.4% in March, Disappointing Analyst Expectations Read More »
On April 28, 2023, the German Labor Office released its report revealing an increase in Germany’s unemployment figures in April, higher than analysts had expected. However, the report also indicated a stable labor market despite the sluggish economy hampering a robust recovery in the spring. The report shows that Germany’s unemployment figures in April increased …
GfK, a market research institute, has reported that German consumer confidence is expected to increase in May, thanks to falling energy prices and wage increases that have eased initial concerns about household purchasing power. The Consumer Confidence Index rose to -25.7 entering May, up from -29.3 in April, marking the seventh consecutive month of gains …
The IFO Economic Research Institute has recently published a report indicating a slight rise in German business sentiment in April. This development comes amid hopes of companies rebounding and positive signals, as the country seeks to weather the winter recession. According to the Ifo Business Confidence Index for April, the reading came in at 93.6, …
Rail workers across Germany went on strike on Monday, April 21, causing major disruptions to the services of national rail operator Deutsche Bahn (German Railways) and impacting four airports. The strike, organized by the German Railways and Transport Union (EVG Union), began at 3:00 a.m. local time and was expected to affect the rail network …
Labor Protests Disrupt Train Service and Affect 4 Airports in Germany Read More »