A closely watched survey released on Tuesday showed that German investors confidence went down in July. This was because businesses were worried about what would happen if Russia stopped sending gas to Europe’s largest economy. The ZEW institute’s index of economic expectations dropped by 25.8 points to a level that hasn’t been seen since 2011. … Read more
FRANKFURT: German inflation rose again in February, official data showed on Tuesday, as the crisis in Ukraine added to fears that energy prices could keep inflation in the eurozone higher for longer. Consumer prices rose by 5.1 per cent annually in February, according to the federal statistics agency Destatis, after the pace slowed in January … Read more
German consumer sentiment worsened for the second month running, a key survey said on Tuesday, as Europe’s largest economy braces itself for rising inflation and the spread of the Omicron coronavirus variant. Pollster GfK’s forward-looking barometer fell to -6.8 from a revised figure of -1.8 for December. “The high incidence of the virus due to … Read more
FRANKFURT: German consumer sentiment worsened for the second month running, a key survey said on Tuesday, as Europe’s largest economy braces itself for rising inflation and the spread of the Omicron coronavirus variant. Pollster GfK’s forward-looking barometer fell to -6.8 from a revised figure of -1.8 for December. “The high incidence of the virus due to … Read more
FRANKFURT: German exports bounced back in October from a slump caused by global supply chain bottlenecks, official data showed on Thursday, but analysts warned that the emergence of the Omicron coronavirus variant could cast a shadow over recovery prospects. Europe’s largest economy exported 121.3 billion euros’ ($137.4 billion) worth of goods in October, 4.1 per cent … Read more
BERLIN: German industrial production rose in October after two months of declines, offering a glimpse of light after a series of gloomy economic indicators over raw material shortages that have fuelled rising prices. Germany’s industry produced 2.8 per cent more compared to a month ago, data published by the federal statistics office Destatis showed on Tuesday. … Read more
