Tag Germany

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The unemployment rate in Germany rose to 5.5% in August

The unemployment rate in Germany rose in August as more Ukrainian refugees arrived in Germany following the Russian invasion of Ukraine forcing many people to migrate. In Germany, the number of unemployed rose by 28,000 in August, resulting in an…

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Sentiment of German exporters down for the third time in August

The German Institute for Economic Research (Ifo) reported that German exporters’ sentiment fell for the third consecutive month in August 2022, due to high gas prices and the weak global economic environment affecting the economic outlook. Ifo exporter expectations fell…

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Business climate in Germany down in August

The German business climate index has fallen to its lowest level since June 2020. The reason for this is the great uncertainty caused by the war in Ukraine and concerns that the economy will slump in Q3 2022. The German…

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PPI in Germany rises to a record high in July

As reported by the German Federal Statistical Office (Destatis), the producer price index (PPI) rose by 5.3% in July compared with the previous month. This is the strongest increase since data collection began. According to the report, energy prices increased…

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Inflation in Germany slows to 7.5% in July

As reported by the German Federal Statistical Office (Destatis), the inflation rate in Germany decreased in July. This corresponds to the first estimate. According to final data from Destatis, the consumer price index (CPI) rose 7.5% year on year in…

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