As the German Federal Statistical Office (FSO) announced today, gross domestic product (GDP) grew slightly in the first quarter of 2022. This is due to increased investments but the war in Ukraine has increased its impact since the end of February. According to the FSO, the German economy grew by 0.2% QoQ in the first …
The German market research institute GfK reported that the forecast for German consumer climate fell by 10.8 points to -26.5 points in May, its lowest level ever. The Climate Prospects Index was weighed down by concerns about the impact of the Russia-Ukraine war and inflation, which has reached its highest level in 40 years. GfK …
GfK: German Consumer Climate Falls to Record Low Read More »
The German Institute for Economic Research (Ifo) reported that its business climate index rose to 91.8 in April from 90.8 in March. The German business climate index rebalanced in April after falling sharply in March due to high energy prices and uncertainty caused by the Ukraine-Russia crisis. “The German economy has shown its resilience,” Ifo president Clemens …
German Business Climate Index and Business Expectations Up in April Read More »
S&P Global announced that the Purchasing Managers’ Index (PMI) for the eurozone’s manufacturing and primary services sectors was 55.8 in April, up from 54.9 in March and the highest level in seven-month. The PMI index remains above the 50 mark, indicating that the eurozone corporate sector continues to expand. This was supported by the services …
Eurozone PMI Reaches Seven-Month High, German PMI Falls in April Read More »
According to the German statistics office Destatis, German exports to Russia fell by 57.5% to 1.1 billion euros in March. This is due to the sanctions imposed on Russia and to companies boycotting Russia for fear of damaging their own reputation. The decline in exports has seen Russia drop from fifth place in February to …
As reported by the German Federal Statistical Office (Destatis), the German producer price index (PPI) rose by 30.9% year on year in March. The PPI for March rose for the sixth consecutive month and was 4.9% higher than the previous month, mainly due to rising energy prices. The PPI index, which measures the change in …
PPI in Germany Rises by More than 30% in March and Reaches New Highs Read More »
The Center for European Economic Research’s (ZEW) index of German economic sentiment fell to -41.0 points in April from -39.3 points in March. Analysts assumed -48.0, a value far below the figures released. The economy continues to face difficult times as the general situation is swinging towards recession. Akim Wambach, president of the ZEW Institute, …
ZEW Sentiment Index for Germany Falls Less Sharply than Expected in April Read More »
The North American natural gas price (Henry Hub) has already increased by 12.9% this week after the EU continues to consider a ban on Russian energy products such as gas, coal, or crude oil.Since the beginning of the year, the price of natural gas (Henry Hub) has already risen by 69.38%, and by as much …
Natural Gas Jumps 12.9% Since the beginning of the Week Read More »
Market participants are still unsettled by the signs that the inversion of the repo market in the U.S. means. Do the signs point to a recession? According to some major investors, they do. Best-selling author and well-known investor Robert Kiyosaki sees the inversion of the repo market as a sign of recession. He also predicts …
Gold Remains Sound Money – Reversal of Yield Curves is a Bad Omen Read More »
According to the German Federal Statistical Office, German exports and imports rose more strongly than expected in February. Foreign trade was not affected by the Ukraine war in this period, but it was expected that both German imports and exports would be hit hard in March. Seasonally adjusted, German exports rose by 6.4% in February, …
German Imports and Exports Rose more than Expected in February Read More »