The EUR / GBP gained some positive traction for the second consecutive session on Monday. The mixed readings of the German CPI did little to sway the euro or provide new momentum. The optimistic UK economic outlook continued to prop up the British pound and limited the rise. The crossing EUR/GBP it maintained its modest […]
Tag: Germany
Annual inflation rate rises to 2.5% from 2%
The German inflation data showed mixed figures. The consumer price index registered an advance of 0.5% in May according to the preliminary report, higher than the 0.3% expected and lower than the 0.7% of the previous month. The annual rate increased from 2% to 2.5%, higher than the 2.4% of the market consensus. The harmonized […]
Gfx Consumer Confidence improves to -7 in June, but disappoints expectations of -5.2
The Germany’s Gfx Consumer Confidence Index improved in June to -7 points from -8.6 in May (figure revised from -8.8). Despite the improvement, the result has disappointed the -5.2 expected by the market. The indicator obtains its second best result so far in 2021, since April registered -6.1, the most moderate level since November 2020, […]
The economy should grow 2.6% in the second quarter compared to the first – IFO
Following the publication of the latest German IFO business survey, the economist Klaus Wohlrabe said that “the economy should grow 2.6% in the second quarter versus the first trimester. “ Featured statements: The rebound is accelerating. We see that the German economy will grow 2.8% in the third quarter. “The expectations in tourism and hospitality […]
German Business Climate IFO improves forecast and rises to 99.2 in May; EUR in new four-month highs
The data IFO for business climate in Germany rose for the fourth consecutive month in May, rising to 99.2 from 96.8 in April, exceeding the 98.2 expected by the market. This is the highest figure recorded by the indicator since April 2019, when it obtained the same score. The current IFO valuation rises for the […]
GDP for the first quarter of 2021 stands at -1.8% compared to the -1.7% forecast
The German Gross Domestic Product stood at -1.8% during the first quarter of 2021, worsening the -1.7% forecast. This is the first fall after consecutive quarters of increases, since in the third quarter of 2020 it grew by 8.5% and in the fourth by 0.3%. Year-on-year GDP was -3.1% in the first quarter, falling for […]
Scholz says a global minimum corporate tax rate of 15% is very realistic
“A global minimum corporate tax rate of 15% is very realistic“German Finance Minister Olaf Scholz said in a statement on Friday. Additional comments: “I hope there is a minimum global corporate tax rate in summer“. “The suggestion of a global minimum corporate tax rate of 15% is a breakthrough.” “The global minimum corporate tax rate […]
April manufacturing PMI disappoints, services PMI rises to 10-month high
The index Germany’s preliminary manufacturing PMI for the month of May stood at 64 points, almost two points below the 65.9 forecast. The result is lower than in April, when it reached 66.2 points. This is the lowest figure seen since February. The services PMI has risen to 52.8 points from the previous 49.9, surpassing […]
The German economy will strengthen with advance vaccination and fewer restrictions
The International Monetary Fund (IMF) indicated that it expects the economy of Germany strengthens before the extension of vaccination and the advance of the lifting of restrictions, as reported by Reuters. The international body affirmed that the government made good use of its fiscal back to support the negative consequences of the coronavirus. He added […]
EU Trade Ministers to discuss steel dispute with US on Thursday – Altmaier
The European Union (EU) to discuss a dispute over steel and aluminum tariffs with US officials when they meet in Brussels on Thursday, German Economy Minister Peter Altmaier said on Thursday. Key Comments: “We have the opportunity to create a new foundation for global trade policy with the new administration of the United States “. […]
