Eurozone Financial information firm IHS Market announced that its Purchasing Managers’ Index (PMI) for the upstream manufacturing and services sectors of the eurozone reached 55.8 in February, the highest level in five months, up from 52.3 in January. The PMI index continues to rise above the 50 mark, suggesting that the eurozone as a whole …
PMI in the Eurozone, Germany, and the United Kingdom Rises Read More »
According to Germany’s Federal Statistical Office (Destatis), the consumer price index (CPI) rose by 4.9% year-on-year in January. This is slightly below the figures for December, when the inflation rate rose to 5.3%, which was the highest level in 30 years. On a monthly basis, the consumer price index rose by 0.4% by German standards …
Energy Products in Germany Increase by Over 20% Driving the Inflation Rate Further Read More »
According to the German Federal Statistical Office, German exports in December 2021 increased by 0.9% to 117 billion euros ($133.58 billion), seasonally adjusted. Imports rose by 4.7% to 110 billion euros. The foreign trade balance closed with a surplus of 7.0 billion euros in December 2021. Corrected for calendar and seasonal effects, the surplus on …
As the German Federal Statistical Office announced today, German industrial production fell in December. Bottlenecks in the supply chain and declining construction activity are said to be responsible for this, causing Europe’s largest economy to limp to the end of last year. German industrial production fell by 0.3% in December compared with the previous month, …
Industrial Production in Germany Shrinks by 0.3% in December Read More »
China will remain Germany’s most important trading partner in 2021, according to the Federal Statistical Office. Trade between the two countries reaches a record level. Xinhua news agency reported that exports and imports between China and Germany increased by 14.7% year-on-year to 222.3 billion euros in January-November 2021. The report states that “China’s importance to …
China’s Trade With Germany Reached a Record High in 2021 Read More »
Four EU members, the Netherlands, Austria, Sweden, and Denmark, want to make a last attempt to prevent the inclusion of natural gas in the EU taxonomy. In a letter to Commissioner Mairead McGuinness, the four countries’ energy ministers wrote: “The lack of scientific evidence for including fossil gas in the Taxonomy should lead to a …
EU Members Fight Against Green Label for Natural Gas Read More »
According to the German Federal Statistical Office (Destatis), the consumer price index (CPI) rose by 4.9% year-on-year in January 2022. The data thus show a slowdown for the first time, as in December 2021, the CPI still rose by 5.3%. The Federal Statistical Office believes that inflation figures are still very high and states that: …
Inflation in Germany rises by 4.9% in January – DESTATIS to Adjust Inflation Measurement Read More »
Asia In Japan, the Tokyo core CPI rose by only 0.2% YoY in January. In the previous month, the increase was still 0.5%. CPI Tokyo excluding food and energy contracted by 0.3%. Europe The largest economy in the EU, Germany has released GDP figures for the last quarter of 2021. According to this, the GDP …
GDP in Germany Shrinks by 0.7%, with US Data No Positive Either Read More »
As the BBC reports today (Jan. 28), the U.S. government has threatened to stop the release of the Nord Stream 2 gas pipeline from Russia to Germany if Russian President Vladimir Putin decides to send troops to Ukraine. The Nord Stream 2 pipeline project is a major project with an operating budget of $11 billion …
The U.S. Threatens Russia with Nord Stream 2 Sanctions Read More »
Nord Stream 2, probably one of the most hotly debated topics in Europe when it comes to energy. The pipeline, which is supposed to bring gas from Russia to Germany, is still waiting for approval from the German Federal Energy Agency. The construction of the pipeline has been ready since September, but the German Federal …
Germany: Natural Gas Storage Facilities are Empty, but Natural Gas Remains Politicized Read More »