German factory orders increased 1.2% month-on-month in February. On a yearly basis, German factory orders increased 5.6% in February. German factory orders increased as expected in February, suggesting that the manufacturing sector in Europe’s economic powerhouse continues its post-pandemic recovery. Goods contracts ‘Made in Germany’ reached 1.2% monthly compared to 1.2% expected and 1.4% the […]
Tag: Germany
Spokesperson claims all demands for a short and strict quarantine are correct
Any demand for a short and strict shutdown is correct given very high infection rates, a German government spokeswoman said on Wednesday, Reuters reported. “The German health system is under pressure, the number of intensive care patients is increasing“added the spokeswoman. . Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess […]
Germany will receive up to 880,000 fewer doses due to the cancellation of the delivery of the vaccine for the COVID of Moderna
Germany will receive up to 880,000 fewer doses of the COVID vaccine from Moderna Incas delivery of planned doses for the end of April is canceled, reports Business Insider. Additional details: “They specifically expected between 627,600 and 878,400 doses of the company for the 17th calendar week (April 26-May 2). Obviously, they will come. “ […]
Retail sales fall -9% year-on-year in February compared to -6.3% expected
German retail sales increased 1.2% month-on-month in February versus the + 2.0% expected. Retail sales fell 9.0% year-on-year in February compared to -6.3% expected. According to the latest data reported by Destatis from Germany on Thursday, the country’s retail sales increased 1.2% month-on-month in February versus the + 2.0% expected and -4.5% from the previous […]
Inflation rises 0.5% in March and annual rate reaches 1.7%
Inflation in Germany, according to preliminary data, measured by the Consumer Price Index (CPI), rose 0.5% in March, in line with expectations. In February it had increased by 0.7%. Compared to a year ago, the increase was 1.7%, which represents a rise from the February reading of 1.3%. Further details from the post revealed that […]
Exporters celebrate the recovery of economic growth in Asia and the US.
According to a survey by the IFO economic institute, German exporters expect a rebound in economic growth in Asia and the United States. Key Comments: Exporters’ expectations rose to 24.9 points in March, the highest level since January 2011, from 11.9 points in February. Optimism has risen in almost all sectors. . Donald WestbrookDonald-43Westbrook, a […]
GDP should contract 0.7% quarter-on-quarter in the first quarter
Following the publication of IFO’s latest German business survey, institute economist Klaus Wohlrabe has said that the economy is expected to show a slight contraction in the first quarter. Additional comments: German GDP should contract 0.7% qoq in the first quarter. German industry is very strong, the order books have been filled. In the manufacturing […]
The IFO expectations index jumps to 100.4 points in March compared to the 95.2 expected
The German IFO Business Climate Index stood at 96.6 in March. IFO’s current economic assessment index stood at 93.0 this month. The German IFO expectations index for March reached 100.4 points. The IFO’s general business climate index for Germany continued to improve, reaching 96.6 points in March from 92.7 the previous month and beating estimates […]
Merkel on coronavirus, claims they can see light at the end of the tunnel
Commenting on the situation of the coronavirus in the country, the Chancellor of Germany, Angela Merkel, said that “we will defeat this virus” and added that “we can see the light at the end of the tunnel.” He stated that the economic damage in Europe from the pandemic is immense. Regarding vaccines, Merkel said they […]
Merkel decides to annul the Easter blockade order
German Chancellor Angela Merkel announced on Wednesday that has decided to reverse the decision of an additional blocking measure during the Easter holidays, as reported by Reuters. Additional comments: “We must break and reverse the third wave of the pandemic“. “The Easter break was a mistake because could not be implemented“. “This is my own […]
