“Germany is at the beginning of the third wave of coronavirus“the president of the country’s Robert Koch Institute (RKI), Lothar Wieler, said in a statement on Friday. Additional comments: “You are seeing a growing number of coronavirus patients in hospitals. “ “You are seeing more outbreaks in nursing homes than at the end of 2020.” […]
Tag: Germany
Year-on-year inflation meets expectations and grows 1.3% in February, the highest rise in eleven months
The Germany’s Consumer Price Index is up 0.7% in the monthly reading for February, meeting market expectations. In January, the indicator grew by 0.8%. The annual CPI increased by 1.3%, as expected, surpassing the 1% in January. This is the largest rise in German inflation since March 2020. The interannual Harmonized CPI grew by 1.6%, […]
Maas says they want a common sanctions policy with the US.
German Foreign Minister Heiko Maas has stated that hopes to improve relations with the United States under the presidency of Joe Biden, which would allow both countries to impose joint sanctions on Russia and China over human rights and other matters.. Additional comments: “Transatlantic partners should act together to defend their common interests and values […]
Industrial production falls 2.5% in January, its first drop in nine months
The Germany’s industrial production fell 2.5% monthly last January, disappointing the estimated 0.2% rise. The December result was revised upwards, showing a rise of 1.9% compared to the previous 0%. January is the first drop seen by the indicator since last April. Year-on-year, industrial production fell 3.9% after growing 1% in December (revised up from […]
Factory orders beat estimates rising 1.4% in January
German factory orders rose sharply 1.4% month-on-month in January. On an annual basis, German factory orders were up 2.5% in January. EUR / USD remains unflappable after mixed data from German factories. The German factory orders increased more than expected in January, suggesting that the manufacturing sector in Europe’s economic powerhouse started 2021 on a […]
The Government will approve Nutriscore before the end of the year and will exclude olive oil but not ham
Government will approve Nutriscore before the end of the year, the controversial food front labeling system that is already in place in some countries, such as France or Germany, but which has not quite convinced some manufacturers and distributors in Spain. This has been confirmed by sources from the Ministry of Consumption, which have an […]
Merkel to agree to gradual lifting of COVID-19 lockdowns – Reuters
German Chancellor Angela Merkel is expected to agree to a gradual lifting of coronavirus restrictions when he meets with regional leaders later on Wednesday, Reuters reports, citing a draft of the plan. However, the German leader will say that restrictions could be tightened again if infections increase, according to Reuters. Additional details: “The draft plan […]
Annual retail sales register a sharp drop of 8.7% in January
The German retail sales fell 8.7% in the annual reading for the month of January, notably worsening the forecasts for an increase of 1.2%. The December data has been revised upwards, showing a rise of 2.8% compared to the 1.5% published a month ago. January is the first drop since April 2020, after eight consecutive […]
Annual inflation rises to 1.3% in February, above the 1.2% expected
The preliminary inflation data for Germany showed in February a rise higher than expected. The consumer price index increased 0.7% above the 0.5% expected and lower than the 0.8% of the previous month. The annual rate went from 1% to 1.3%, higher than the market consensus of 1.2%, the highest level in 10 months. The […]
German and Eurozone Manufacturing PMIs Rise Strongly in February
The index German Markit Manufacturing PMI is up 3.6 points in February, rising to 60.7 compared to 57.1 in January, improving the 60.6 estimated by the market. This is the best result seen by the indicator since January 2018. According to the IHS Markit report, the German production rises sharply amid a sustained rebound in […]
