The German government has reported a surprising decrease in retail sales in December, with a drop of 5.3% compared to the previous month. The figure falls short of analyst predictions, which had expected a 0.2% rise in retail sales. The unexpected decrease in sales raises concerns about the state of the German economy and consumer …
Germany Experiences 5.3% Decrease in December Retail Sales Read More »
Leading materials science firm, Dow, and global advanced recycling solutions provider, Mura Technology, have partnered to address the issue of global plastic waste and promote circular economy manufacturing. Mura plans to construct a new recycling facility in Boehlen, Germany, on Dow’s premises. This facility will be the largest of its kind in Europe, converting used …
Dow and Mura to Build Europe’s Largest Recycling Plant for Advanced Plastics Read More »
According to the German economic research institute Ifo, its business sentiment index rose to 90.2 in January, up from 88.6 in December. This increase in sentiment was driven by China’s economic opening and the relief of concerns about inflation following the slowdown in energy prices. The Ifo survey is based on a survey of companies …
Germany’s Eastern European Economic Relations Committee announced that German exports to Russia last year fell to their lowest level since 2003, resulting in a record high trade deficit with Russia. According to the committee, German exports to Russia were 14.6 billion euros in 2022, a 45% decrease compared to 2021. Meanwhile, imports from Russia increased …
Germany’s Exports to Russia Fall to 19-Year Low in 2022 Read More »
According to preliminary surveys from S&P Global, Eurozone business activity turned unexpectedly into modest growth in January, indicating that the Eurozone economic downturn may not be as severe as expected and the Eurozone could avoid a recession. The Purchasing Manager’s Index (PMI), which includes the Eurozone’s manufacturing and services sectors, rose to 50.2 in January …
Eurozone Business Activity Shows Unexpected Growth in January Read More »
According to a recent report from market research institute GfK, German consumer confidence is continuing its upward trend in February due to falling energy prices. The Consumer Confidence Index, which measures consumers’ willingness to spend, increased to -33.9 in February from -37.6 in January. Although the index fell short of analysts’ predictions of -33.0, the …
Germany’s February consumer confidence picks up for fourth straight month Read More »
Germany’s Producer Price Index (PPI) has fallen to its lowest level in over a year, according to the Federal Statistical Office (Destatis). The PPI dropped by half from its peak, indicating that price pressures in the country are waning. According to Destatis, the PPI rose 21.6% in December, a slower year-on-year increase compared to 28.2% …
Germany’s December PPI slows to lowest level in more than a year Read More »
The latest data from the Center for Economic Research for Europe (ZEW) showed that Germany’s economic sentiment rose to +16.9 in January, surpassing analysts’ expectations of -15.0 and marking the first time the Confidence Index has turned positive since February 2022. This improvement in sentiment was driven by a number of factors, including easing concerns …
Germany’s Federal Statistical Office announced today that the country’s inflation rate fell further in December of 2022. The Consumer Price Index (CPI) rose 9.6% year-on-year in December, a decrease compared to the 11.3% in November and 11.6% in October. The Office of Statistics also revealed that the inflation rate for the full year 2022 was …
Germany’s Inflation Rate Drops to 9.6% in December Read More »
German wholesale prices rise at slower pace in December, says Destatis According to data released by the German Federal Statistical Office (Destatis), the country’s wholesale price index increased year-on-year in December 2022, but at a slower pace than in November. Specifically, the December wholesale prices rose 12.8% year-on-year, a slight decrease from the 14.9% increase …
German Wholesale Prices Rise at Slower Pace in December, Destatis Reports Read More »