Germany

manufacturing plant during daytime

German industrial production falls less than expected

According to the German Federal Statistical Office, German industrial production fell less sharply than expected in October. But it was put under pressure by a decline in production in energy-intensive industries. According to the report, industrial production fell 0.1% in October, below analysts’ forecasts of a 0.6% decline. Production in energy-intensive industries fell 3.6% in …

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German GDP grew by 1.2% in Q3/2022

As reported by the Federal Statistical Office (Destatis) on November 25, gross domestic product (GDP) increased by 0.4% quarter-on-quarter in the third quarter of 2022, up 0.1% from preliminary estimates. Economic growth in the third quarter of 2022 was largely driven by consumer spending by private households, which increased by 1% compared with the previous …

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Germany expects slight increase in industrial production in 2022, but weak development in 2023

According to the Federation of German Industries (BDI), industrial production in Germany is expected to increase slightly this year due to order backlogs. However, the outlook for 2023 is bleak, with rising energy prices and geopolitical uncertainties weighing on businesses. The BDI expects industrial production to grow by around 0.25% this year, after rising by …

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architectural photo of bridge during nighttime

ZEW: Sentiment index for the German economy rises in November

According to the Center for Economic Research in Europe (ZEW), the economic sentiment index in Germany rose to -36.7 in November from -59.2 in October. The index remains below 0, indicating a lack of confidence in the economic outlook. The sentiment index was supported by expectations that inflation would soon decline.

train station

The inflation rate in Germany rose 11.6% in October

The German consumer price index (CPI), which is adjusted to the Harmonized Index of Consumer Prices (HICP) of the European Union (EU), rose by 11.6% in October, according to the Federal Statistical Office (FSO). The unadjusted CPI was 10.4%.