Germany – Page 4 – NATURALDEPOSIT

German Wholesale Prices Rise at Slower Pace in December, Destatis Reports

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 »

Germany records GDP growth of 1.9% in 2022

News

The Federal Statistical Office (FSO) reported that German gross domestic product (GDP) rose by 1.9% in 2022, while economists had expected 1.8%. German inflation weakened for the second month in a row in December as energy prices fell.

The German Association of the Automotive Industry expects moderate growth in the global passenger car market this year

News

The German Association of the Automotive Industry (VDA) expects the global passenger car market to grow by 4% to 74 million units by 2023. The VDA said that while this year’s growth forecasts are moderate, global market sales will still be 8% below the level before the COVID 19 pandemic in 2019. According to the …

The German Association of the Automotive Industry expects moderate growth in the global passenger car market this year Read More »

person holding white and blue business paper

Over 40% of companies in Germany expect production cuts in 2023 as energy costs are rising

News

According to the Institute of the German Economy (IW), around 40% of German companies expect their business to decline in 2023, citing high energy costs as the reason. The report says that the risk of a gas shortage in the winter of 2022-2023 is no longer as clear as it was in the summer of …

Over 40% of companies in Germany expect production cuts in 2023 as energy costs are rising Read More »

German industrial orders fall more than expected in November

News

The Federal Statistical Office (FSO) that industrial orders in Germany fell by 5.3% in November, the sharpest decline in more than a year, due to lower foreign demand Analysts expect industrial orders to fall 0.5% in November, after rising 0.6% in October. Orders from Eurozone member countries fell by 10.3% in November, while orders from …

German industrial orders fall more than expected in November Read More »

Retail sales in Germany up 1.1% month-on-month in November

News

The German government announced today (January 6) that German retail sales rose by 1.1% in November compared with the previous month. Retail sales figures for November were in line with analysts’ expectations, who had expected an increase of 1.0%.

aerial shot of a freighter with cargo containers

Germany reports a drop in exports in November

News

Germany’s statistics office said Wednesday (Jan. 5) that German exports fell in November 2022, contrary to expectations, continuing to be weighed down by high inflation and market uncertainty. However, supply chain issues have begun to ease somewhat. Exports fell 0.3% in November 2022, beating analysts’ expectations for a 0.2% increase. Exports for October were revised …

Germany reports a drop in exports in November Read More »

German consumer climate to improve in January

News

According to the market research institute GfK, consumer climate in Germany is set to rise into next year after the government’s measures to ease the problem of skyrocketing energy prices began to bear fruit. The consumer climate index rose to -37.8 in January from -40.1 in December, better than analysts’ expectations of -38.0. Despite a …

German consumer climate to improve in January Read More »

photo of vehicles on road near buildings

Ifo Business Climate Index in Germany Higher than Expected in December

News

Germany’s Ifo economic research institute said Tuesday that its business climate index rose more than expected in December as it approaches the end of the year with a brighter outlook. Although it is still struggling with an energy crisis and high inflation. The Ifo business climate index rose to 88.6 in December from 86.4 in …

Ifo Business Climate Index in Germany Higher than Expected in December Read More »

PMI for the manufacturing and services sectors in Germany in December shows signs of improvement

News

S&P Global reported that German economic activity slowed slightly in December for the second month in a row, as easing price pressures raised hopes that the German economy may face a smaller recession than initially thought. The Purchasing Managers’ Index (PMI), which includes manufacturing and services, rose to 48.9 from 46.3 in December, but the …

PMI for the manufacturing and services sectors in Germany in December shows signs of improvement Read More »