Tag: Germany

Germany unveiled the “Deutschlandfonds” on Wednesday, a 30 billion euro ($35.22 billion) initiative designed to mobilize private capital for investments in energy transition, technology, and industrial modernization as Europe’s largest economy seeks to regain competitiveness.

German inflation rose to 2.6% in November, the federal statistics office said on Friday, confirming preliminary data.

German inflation rose more than expected, to 2.6% year on year in November, preliminary data from the federal statistics office showed on Friday.

The number of unemployed people in Germany has topped three million for the first time in a decade, labour office figures showed on Friday, raising the stakes for the government’s huge investment plans to deliver quick results.

The economy had seen a slight uptick at the start of this year as businesses sought to get ahead of tariffs, but the country has now slipped back into contraction territory.

Germany said on Monday that the United States would have to follow through on agreed lower tariffs on Europe-made cars before a wider agreement on trade can be finalised in writing.

The euro zone economy eked out a better-than-expected 0.1% growth in the second quarter, compared to the previous three-month stretch, flash data from Eurostat showed Wednesday.

German retail sales unexpectedly fell by 1.6% in May compared with the previous month, statistics office data showed on Monday, dampening hopes for strong growth in the second quarter for Europe’s largest economy.

Germany’s annual inflation hit 2.1% in May approaching the European Central Bank’s 2% target but coming in slightly hotter than analyst estimates, preliminary data from statistics office Destatis showed Friday.

German inflation came in at a lower-than-expected 2.3% in March, preliminary data from the country’s statistics office Destatis showed Monday.

German retail sales in February exceeded expectations but a rise in import prices pointed to a looming surge in inflation, potentially dampening consumer spending, according to data published on Monday.

.Investors piled into European arms manufacturer shares and punished long-dated government bonds on Monday, following the clearest sign yet the region’s leaders were racing to increase defence spending and help to secure peace in Ukraine.

German annual inflation came in at an unchanged but higher-than-expected 2.8% in February, provisional data from statistics agency Destatis showed Friday.

German inflation was unchanged year-on-year at 2.8% in January, preliminary data from the country’s statistics office Destatis showed Friday in the last reading before Germans head to the polls next month.

The German economy shrank by 0.2% quarter-on-quarter in the three months ending in December, according to preliminary data released by Germany’s statistics office Destatis on Thursday.

The German government on Wednesday slashed its gross domestic product forecast to just 0.3% growth in 2025.

German producer prices rose less than expected in December, rising by 0.8% on the year, the federal statistics office reported on Monday.

Germany’s economy shrank for a second straight year in 2024, underlining the severity of the downturn facing Europe’s manufacturing powerhouse.

German inflation jumped to a higher-than-expected 2.9% in December, German statistics office Destatis said in the first reading since the country’s government was dissolved late last month.

Germany faces another year of economic stagnation after the Bundesbank slashed the country’s 2025 growth forecast and warned that a US-led trade war risked pushing it into recession.