The German manufacturing PMI reaches 62.7 points in August compared to the 65.0 forecast. The PMI for services in Germany fell to 61.5 in August from the forecast 61.0. The German manufacturing sector slows its growth rate in August, as the preliminary IHS / Markit manufacturing activity report showed on Monday. The Manufacturing PMI of […]
Tag: Germany
ZEW Economic Sentiment Data for Germany and the Eurozone Slump Much More Than Expected in August
Germany’s ZEW index of economic sentiment fell more than 20 points in August, plummeting to 40.4 from 63.3 in July. The result is well below the 57 expected by the market. This is the worst figure recorded by the indicator since November 2020. El ZGerman current situation EW has risen from 21.9 to 29.3 in […]
IFO business climate unexpectedly falls to 100.8 in July
The German IFO Business Climate Index reached 100.8 in July. IFO’s current economic assessment fell to 100.4 this month. The IFO expectations index for July came in at 101.2, lower than expected. The German IFO Business Climate Index unexpectedly fell to 100.8 points in July versus last month’s 101.7 and estimates of 102.1. Meanwhile, the […]
Central bank seems optimistic about economic recovery in the third quarter
The German economic recovery is likely to accelerate in the third quarter of 2021 if the coronavirus pandemic does not create “significant setbacks,” the country’s central bank, the Bundesbank, has said in its monthly report released Monday. Featured Comments (via EurActiv) “If the conditions were maintained, Germany would reach pre-pandemic levels of real GDP“. “The […]
Industrial production unexpectedly falls 0.3% in May
Industrial production in Germany unexpectedly fell in May, official data showed on Wednesday, suggesting that the recovery in the manufacturing sector is losing momentum. Industrial production of the economic powerhouse of the eurozone fell 0.3% month-on-month, said the federal statistical authority Destatis in figures adjusted for seasonal and calendar effects, versus an expected 0.5% increase […]
ZEW Economic Sentiment Index plunges to 63.3 in July
German ZEW economic sentiment hit 63.3 in July, down from 79.8 previously. The current ZEW situation for Germany came in at 21.9 in July versus -9.1 in June. ZEW headline figures for Germany in July showed that the economic sentiment index worsened more than expected to 63.3 from 79.8 previously, below the estimates of 75.2. […]
Factory Orders Unexpectedly Drop -3.7% MoM in May
German factory orders fell 3.7% in May, a big loss. On an annual basis, German factory orders were up 54.3% in May. German factory orders unexpectedly fell in May, suggesting that the manufacturing sector of the European economic powerhouse is still in trouble. Goods contracts ‘Made in Germany’ reached -3.7% in the month compared to […]
Retail Sales Up 4.2% in May vs. 5.0% Expected
German retail sales rose 4.2% in May compared to the 5.0% expected. LRetail sales fell 2.4% year-on-year in May versus 10.1% expected. According to the latest data released by Germany’s Destatis on Thursday, the country’s retail sales rebounded 4.2% in May compared to the 5.0% expected and from -5.5% of the previous month. In annualized […]
Inflation falls from 2.4% to 2.1% in June, in line with expectations
Preliminary inflation data for Germany They were in line with expectations. The consumer’s price index registered a monthly advance of 0.4% in June, below the 0.5% of the previous month. The annual rate went from 2.5% to 2.3%. The harmonized index climbed 0.4% and 2.1% compared to a year ago, in line with the market […]
Germany: Merkel proposes to ban all British travelers to the EU
“Germany will try today to ban British travelers from entering the EU, regardless of whether they have been vaccinated or not“The Times reported in the middle of the Asian session on Monday. The news adds that German Chancellor Angela Merkel will push to designate Britain as a “country of concern “due to the Delta variant […]
