Germany will spend 65 billion euros (about R$330 billion) on its third package aimed at protecting consumers and businesses from the impact of rising inflation, the government said in a document released on Sunday.
The measures, which include proposals to extend discounted public transport and 1.7 billion euros in tax breaks for 9,000 energy-intensive companies, were agreed by the three parties in German Chancellor Olaf Scholz’s ruling coalition.
“This is the biggest of the three packages so far,” Scholz told a news conference.
German industrial PMI drops to 49.1 in August, lowest in 26 months
Germany’s industrial purchasing managers’ index (PMI) fell from 49.3 in July to 49.1 in August, reaching a 26-month low, according to a final survey released last Thursday. ) by S&P Global.
Reading below the 50 mark indicates contraction in activity.
The final reading was below the preliminary estimate for August and the forecast of analysts consulted by the The Wall Street Journalof 49.8 in both cases.
Source: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
