Germany’s producer price index rose 1.5% monthly in May, above the 0.7% expected and 0.8% in April. This is the ninth consecutive rise for the indicator and the highest recorded since 2008. Year-on-year producer prices increased 7.2% in May, beating the expected 6.4% increase and 5.2% rise in the previous month. This is also the […]
Tag: Germany
IFO Institute reduces the GDP growth forecast for 2021 to 3.3% from the previous 3.7%
The German IFO institute has cut the country’s GDP growth forecast for 2021 to 3.3% from the previous 3.7% due to supply bottlenecks, the latest report showed on Wednesday. Additional comments German inflation will rise to 2.6% in 2021, but will ease to 1.9% in 2022. Raise the GDP growth forecast for 2022 to 4.3% […]
Annual inflation rises to 2.5% in May and falls to 0.5% monthly, meeting expectations
The ÍGermany’s monthly Consumer Price Index stood at 0.5% in May, as expected, below 0.7% in April. Annual inflation rose to 2.5% from the previous 2%, meeting forecasts and reaching its highest level since October 2018. The Annual harmonized CPI has increased to 2.4% from the previous 2.1%, matching expectations. It is also the month […]
The ZEW of economic sentiment falls back to 79.8 in June, the second best month in the historical series
Germany’s ZEW economic sentiment fell to 79.8 points in June from 84.4 in May, worsening the 86 estimated by experts. Despite the setback, this is the second best month for the indicator in its historical series. The ZEW’s current situation improved sharply in June, standing at -9.1 compared to the -40.1 of the previous month, […]
Industrial production disappoints in April with a 1% drop
German industrial production fell 1% in the monthly reading for April, disappointing market expectations, which expected a rise of 0.7%. In March, the indicator rose 2.2% (revised down from 2.5%). The annual industrial production, on the other hand, has shot up 26.4% in April, greatly improving the 4.8% increase seen in March. This is the […]
Factory orders below estimates, down -0.2% month-on-month in April
German factory orders fell 0.2% month-on-month in April, below estimates. On an annual basis, German factory orders increased 78.9% in April. German factory orders unexpectedly fell in April, suggesting that the manufacturing sector in Europe’s economic powerhouse is not out of the woods yet. Purchases of ‘Made in Germany’ goods fell -0.2% in the month […]
Services PMI meets expectations and reaches its highest level in 10 months
Germany’s PMI services index rose almost three points in May, jumping to 52.8 from April 49.9. This is the high score recorded by the indicator in ten months, specifically since July 2020. The result matches market expectations. The composite PMI also improved in May, rising to 56.2 from 55.8 the previous month, as expected. According […]
The German Economy Minister assures that they can achieve a GDP growth of up to 4% this year
The German Minister for the Economy, Peter Altmaier, made a statement in the last hour being optimistic about the national economy. Featured statements: The economy has left the worst of the coronavirus pandemic behind. We can achieve GDP growth of up to 4% this year. Now we have to organize a responsible way to phase […]
German retail sales disappoint with a 5.5% drop in April; EUR / USD drops to two-day lows at 1.2210
Retail sales fell in Germany last April after two consecutive months of increases. The result has been located in -5.5%, worsening expectations, which were betting on a decrease of 2%. In March, the indicator rose 7.7%. This is the worst result seen since last January. Year-on-year retail sales grew for the second month in a […]
Manufacturing PMI contracts to 64.4 in May, but improves expectations of 64
The index of the Germany’s manufacturing PMI fell almost two points in May, standing at 64.4 from a record high of 66.2 in April. Despite the decline, the result improves market expectations, which expected 64 points. Although today’s is the lowest result in the last three months, the indicator continues to be solid, remaining above […]
