Germany

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German Services Sector Grows Stronger in March Due to Demand Recovery

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 …

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German Industrial Orders Rise for the Third Straight Month, Driven by Large Car Orders: Federal Statistical Office Report

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 …

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Germany’s Exports Exceed Expectations with 4% Growth in February Driven by Strong US Demand

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 …

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Germany’s Final Manufacturing PMI for March Falls to a Near Three-Year Low

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 …

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the deutsche bank in hanover lower saxony germany

Chancellor of Germany seeks to build confidence in “Deutsche Bank” financial situation

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, …

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