Tag: Germany

The yield on the 2-year German bund fell Monday as a European Central Bank official raised the prospect of a fairly imminent rate cut.

German inflation eased in January to 3.1%, the federal statistics office said on Friday, confirming preliminary data.

Germany’s industrial production declined more than expected in December, posting a seventh-straight month of falling output and reflecting further weakness in the key manufacturing sector of Europe’s largest economy.

Europe’s biggest economy had a rough year: German GDP contracted by 0.3% in 2023, according to official data.

German investor morale improved in December, the ZEW economic research institute said on Tuesday, as expectations grew for an interest rate cut by the European Central Bank in the medium term.

German inflation fell in November for the fifth-straight month, confirming prior estimates, dragged down by falling energy prices, further evidence that European Central Bank rate cuts may be coming into view.

Germany’s industrial production fell unexpectedly in October, and for a fifth-straight month, a further sign of the deteriorating environment in the key manufacturing base of Europe’s largest economy.

Nov 30 (Reuters) – German retail sales rose more than expected in October, increasing by 1.1% compared with the previous month, data showed on Thursday.

Although both are in contraction territory, sentiment in the German economy is more optimistic.

BERLIN, Oct 30 (Reuters) – Germany’s economy shrank slightly in the third quarter, data showed on Monday, as Europe’s largest economy continues to be weighed down by weak purchasing power and higher interest rates.

BERLIN, Oct 17 (Reuters) – German investor morale improved more than expected in October, the ZEW economic research institute said on Tuesday, as market experts forecast a further decline in inflation while warning the economic situation remained challenging.

BERLIN, Sept 28 (Reuters) – German inflation fell in September to its lowest level since Russia launched its full-scale invasion of Ukraine, signalling what could be the beginning of the end for the high inflation that has weighed heavily on Europe’s largest economy.

Consumer confidence in Germany weakened for the second consecutive month in data for October, as consumers prioritized more savings over spending amid a gloomy economic picture.

Business sentiment in Germany weakened even further in September, the fifth consecutive month of decline, with the economic outlook remaining bleak in Europe’s largest economy, according to a survey of companies.

The German government will downgrade its economic forecast for this year to a contraction of as much as 0.3%, Bloomberg News reported on Wednesday, citing a person familiar with the revised forecast.

Germany is set for a prolonged recession this year — the only major European economy to experience an economic contraction during 2023, according to fresh forecasts by the European Commission, the executive arm of the EU.

German industrial orders fell more than expected in July, pulling back after a sharp gain in the aerospace sector the previous month, the federal statistics office said on Wednesday.

A key German market research index has predicted a slight dip in consumer confidence for September. The figure has been hovering in unusually low territory for months now.

Germany’s economy stagnated in the second quarter from the previous three months, showing no sign of recovery from a winter recession and cementing its position as one of the world’s weakest major economies.

Consumer confidence recovered in Germany for August, a rebound from a decline in the month before, amid improved expectations for cooling inflation in the eurozone’s largest economy.