The Germany Producer Price Index rose 0.8% monthly in April, as expected, marking the eighth consecutive month of increases. In March, the indicator had increased 0.9%. Year-on-year producer prices increased 5.2% in April, above the 5.1% estimated and 3.7% previously. The annual indicator registers its fifth month in a row with increases, with April being […]
Tag: Germany
DIHK business survey points to 3% growth in 2021
The German economy is likely to see 3% growth this year amid improving business morale in the past three months, according to the business survey conducted by the German Chambers of Industry and Commerce DIHK reported on Wednesday. Key Comments: “DIHK’s updated growth forecast compares to its previous estimate of 2.8% projected in February”. “The […]
ZEW Economic Sentiment Data for Germany and the Eurozone Exceeds Expectations and Hit All-Time Highs in May
The index Germany’s ZEW economic sentiment rose to 84.4 in May from 70.7 in April, significantly exceeding the 72 expected by the market. This is the best figure ever recorded in the data history. The ZEW’s current situation has improved to -40.1 from -48.8 in April, also improving the -41.3 points predicted by experts. The […]
The ECB will not adjust monetary policy with the peak of inflation this year
Tuesday morning in Asia, Isabel Schnabel, Member of the Executive Board of the European Central Bank (ECB), joined the chorus of global central bankers who defy fears of a reflation. The ECB official initially highlighted the expectations that the German inflation could “exceed 3% this year”, before declaring, “but the European Central Bank considers that […]
The third wave of coronavirus appears to be ending – Jens Spahn
The German Health Minister Jens Spahn, offers some encouraging comments on the current coronavirus situation in the country. “The third wave of coronavirus appears to be ending,” he said in a statement on Friday. Meanwhile, the President of the Robert Koch Institute (RKI), Lothar Wieler, said that “the tCovid incidence rate is decreasing in all […]
Industrial production and exports grow more than expected in March, the trade balance disappoints
The German industrial production increased in March by 2.5%, surpassing the estimated 2.3% increase. In February, the indicator fell 1.9% (revised from -1.6%). This is the first rise after two consecutive months of declines, showing the largest increase recorded since last October. Annually, industrial production rose 5.1% in March, its highest rise since January 2018. […]
Factory orders rise 3% in March, above the 1.7% expected
The Factory orders grew 3% monthly in Germany during the month of March, surpassing the 1.7% expected growth and the previous 1.4% (revised from 1.2%). This is the third consecutive month of increases in the indicator, and the highest growth recorded since October 2020. Year-on-year factory orders grew 27.8%, notably improving the expected 4.1% and […]
It is important for Europe to make a trade agreement with the US – Angela Merkel
Chancellor of Germany Angela Merkel stated that it would be sensible for Europe to develop a trade agreement with the United States, as reported by Reuters. “The United States is and continues to be Europe’s most important ally,” Merkel said. He added that they have no interest “in a world divided into two camps.” He […]
German and Eurozone Manufacturing PMI data below expectations in April but remains close to all-time highs
The Markit’s manufacturing PMI for Germany has fallen in April to 66.2 from the historical maximum registered in March at 66.6, disappointing the 66.4 points expected by the market. Even so, the indicator shows its second best reading since the beginning of the record in 1996. The pace of job creation accelerates as the expectations […]
YoY Retail Sales Up 11% in March, Hitting an All-Time High
The figures of Retail sales in Germany grew 11% year-on-year during the month of March, notably improving the 9% drop seen in February and the 3.1% decline expected for today by the market. The rise in the annual indicator breaks the downward trend of the last two months, and stands as the highest rise recorded […]
