Ground service workers in Germany went on a 24-hour strike to demand a wage increase that affected nearly 300,000 passengers. The strike led to the cancellation of 2,340 flights at seven major airports, including Bremen, Dortmund, Frankfurt, Hamburg, Hanover, Munich, and Stuttgart, according to the German Airports Association (ADV). As a result, Hamburg Airport was …
The German government’s statistics office (FSO) has reported that the index of wholesale prices in Germany rose 10.6% year-on-year in January and increased by 0.2% month-on-month. This is a positive sign for the country’s economy, as the index had slipped from its April high of 23.8% year-on-year in 2022. The report shows that the rise …
Germany’s January wholesale trade index rose 10.6% year on year Read More »
According to the German Statistical Office (FSO), Germany’s Consumer Price Index (CPI) saw a 9.2% increase on a yearly basis in January, adjusted for comparison with the European Union (EU). Despite being lower than the expected 10% YoY increase, the January CPI still showed a rise of 0.5% compared to December 2022. Although analysts had …
Germany’s Consumer Prices Rise 9.2% in January, Lower Than Expected Read More »
The German Statistical Office released a report indicating that industrial output in Germany dropped more than anticipated in December 2022, declining by 3.1% from the previous month. The decrease was larger than expected, with economists forecasting a 0.7% decrease for the month. In 2022 as a whole, Germany’s industrial output decreased by 0.6% compared to …
German Industrial Output Falls More Than Expected in December 2022 Read More »
The German Statistical Office released data on February 6th, indicating an increase in German industrial orders in December 2022, with a rise of 3.2% compared to the previous month. The figure exceeded analysts’ predictions of a 2.0% increase, following a 4.4% decline in November. The Bureau of Statistics revealed that the boost in orders was …
German Industrial Orders See Uptick Due to Large Orders Read More »
According to the Federal Statistical Office, German merchandise exports fell by 6.3% in December 2022 compared to the previous month. This decline was just below the expected 3.3% drop forecasted by analysts. In addition, German imports saw a 6.1% decrease from the previous month, which was only 0.8% lower than the expected decline by analysts. …
German Exports Dip 6.3% in December, Below Expectations Read More »
The German government has reported a surprising decrease in retail sales in December, with a drop of 5.3% compared to the previous month. The figure falls short of analyst predictions, which had expected a 0.2% rise in retail sales. The unexpected decrease in sales raises concerns about the state of the German economy and consumer …
Germany Experiences 5.3% Decrease in December Retail Sales Read More »
Leading materials science firm, Dow, and global advanced recycling solutions provider, Mura Technology, have partnered to address the issue of global plastic waste and promote circular economy manufacturing. Mura plans to construct a new recycling facility in Boehlen, Germany, on Dow’s premises. This facility will be the largest of its kind in Europe, converting used …
Dow and Mura to Build Europe’s Largest Recycling Plant for Advanced Plastics Read More »
According to the German economic research institute Ifo, its business sentiment index rose to 90.2 in January, up from 88.6 in December. This increase in sentiment was driven by China’s economic opening and the relief of concerns about inflation following the slowdown in energy prices. The Ifo survey is based on a survey of companies …
Germany’s Eastern European Economic Relations Committee announced that German exports to Russia last year fell to their lowest level since 2003, resulting in a record high trade deficit with Russia. According to the committee, German exports to Russia were 14.6 billion euros in 2022, a 45% decrease compared to 2021. Meanwhile, imports from Russia increased …
Germany’s Exports to Russia Fall to 19-Year Low in 2022 Read More »