Germany – Page 13 – NATURALDEPOSIT

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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Sharp decline in retail sales in the Eurozone in October

News

Retail sales in the Eurozone fell sharply in October, Eurostat reported today. Retail sales fell 1.8% month-on-month after rising 0.8% in September. On a year-over-year basis, retail sales fell 2.7%. The decline was led by Germany and France, Europe’s largest economies, both of which posted declines of nearly 3%. To a large extent, the decline …

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Retail sales in Germany were down more than expected in October

News

Reuters reported today (Dec. 1) that German retail sales fell more than expected in October. Due to high inflation, consumers are holding back on non-essential purchases at the start of the fourth quarter. Month-on-month, German retail sales fell 2.8% in October, far more than the expected 0.6%. On a year-over-year basis, retail sales fell 5% …

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German GDP grew by 1.2% in Q3/2022

Markets

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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GfK: German consumer climate remains strongly negative in December

News

Market research firm GfK reported yesterday (Nov. 25) that the consumer climate in Germany is expected to change slightly in December, after government measures to save energy helped stabilize confidence and lift it above the record low of two months ago. But it still signals that consumption is declining. The index for consumer climate in …

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concrete buildings under blue and clear sky

German business climate in November better than expected

News

German economic research institute Ifo said its index of business climate rose to 86.3 in November, beating analysts’ expectations of 85.0 from 84.5 in October. The index was supported by German economic growth in the third quarter and by German natural gas reserves reaching full capacity. This alleviates concerns about power shortages in winter. The …

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

News

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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PPI in Germany declines in October as electricity prices fall

News

As reported by the Federal Statistical Office, producer prices fell in October. This was mainly due to the decline in electricity and natural gas prices. The producer price index (PPI) fell by 4.2% in October compared with September. This deviates from economists’ expectations, who had expected an increase of 0.9%. It is the first month …

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ZEW: Sentiment index for the German economy rises in November

News

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.

The inflation rate in Germany rose 11.6% in October

News

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%.