The final German services purchasing managers’ index (PMI) for March revealed that the German services sector grew at its fastest pace since May last year, reaching 53.7, up from February’s 50.9, but slightly below the preliminary figure for March of 53.9, according to S&P Global. The PMI index is above 50, indicating an expansion in …
German Services Sector Grows Stronger in March Due to Demand Recovery Read More »
The Federal Statistical Office of Germany revealed that German industrial orders rose for the third straight month in February, signaling a positive sign in the country’s manufacturing sector. The latest report indicates that industrial orders rose 4.8% in February from January, the highest increase since June 2021. The rise is also above market expectations by …
The German Federal Statistical Office has reported a 4% increase in exports for February, exceeding analysts’ expectations of a 1.6% rise. The country’s exports were supported by robust demand from the US and China, driving growth in the manufacturing sector. Meanwhile, imports also grew in February, increasing by 4.6% month-on-month, which is higher than the …
On April 3, a survey conducted by S&P Global revealed that German manufacturing activity shrank in March, recording its weakest performance in nearly three years. The final German manufacturing Purchasing Managers’ Index (PMI) fell to 44.7 in March from 46.3 in February, reaching its lowest level since May 2020. However, the figure was slightly better …
Germany’s Final Manufacturing PMI for March Falls to a Near Three-Year Low Read More »
According to the latest survey by GfK, a market research institute, German consumer confidence has risen slightly in April due to a considerable drop in energy prices from a record high. However, the report suggests that consumer confidence is not likely to fully recover anytime soon. The Consumer Confidence Index increased to -29.5 in April …
Germany’s April Consumer Confidence Rises Slightly Read More »
On March 27, Ifo, a leading economic research institute in Germany, announced that the country’s business climate index had surpassed expectations, with a rise to 93.3 in March from 91.1 in February. Analysts had predicted a more modest increase to 91.0 in a Reuters poll, but the latest data from Ifo showed that the business …
Ifo: German business climate index in March beats expectations Read More »
The Chancellor of Germany has launched efforts to reassure investors about the financial stability of Deutsche Bank, the country’s largest bank. The bank’s share price has plummeted in both Europe and the United States, following the surge in Credit Default Swap (CDS) and the sell-off of financial instruments classified as Tier 1 capital. In response, …
Chancellor of Germany seeks to build confidence in “Deutsche Bank” financial situation Read More »
Germany’s Federal Statistical Office (Destatis) has reported that the country’s Producer Price Index (PPI) increased more than anticipated in February, signaling that inflation in Germany may be starting to slow down. The PPI rose 15.8% from the same month a year earlier, exceeding analysts’ predictions of a 14.5% increase. Despite this, the February PPI’s rate …
On Monday, the Federal Statistical Office reported that Germany’s consumer price index (CPI) had risen by 9.3% in February year on year after being adjusted for comparison with the rest of the European Union (EU). This confirms the preliminary information that was released earlier. The Federal Statistical Office noted that on a daily basis, Germany’s …
Germany’s CPI Rises 9.3% in February Year on Year Read More »
A shooting at a Jehovah’s Witnesses church in Hamburg, Germany, on Thursday evening has left at least seven people dead and eight others injured, according to reports from the German newspaper Bild. Earlier reports suggested that six people were killed, but a seventh victim was later found in the upper part of the church. It …
7 Killed, Many Injured in Church Shooting in Germany Read More »