Tag: Germany

German inflation rose slightly more than expected to 2.8% in May, preliminary data from the federal statistics office showed on Wednesday.

Germany’s business outlook rose for a fourth month as confidence builds that the country’s economic rebound will strengthen over the rest of the year.

German investor morale improved more than expected in May, reaching its highest level since February 2022, when Russia invaded Ukraine, the ZEW economic research institute said on Tuesday.

German inflation held steady this month, adding to signs that price pressures have cooled sustainably in the eurozone’s most important economy.

German economic sentiment jumped more than expected in April, rising for the ninth straight month, as the economy shows tentative signs of improvement at the start of the second quarter.

German inflation fell to its lowest level since May 2021, nearing the European Central Bank’s target as its policymakers consider when to first cut interest rates.

German retail sales unexpectedly fell in February, data showed on Thursday, quashing hopes that private consumption could help Europe’s largest economy to recover in the first quarter.

The March Ifo index suggests that the bottoming out of the German economy is getting broader.

Today’s German macro data will fuel speculations about an early ECB rate cut as disinflation continues and economic activity remains weak.

Germany is likely in recession now as external demand is weak, consumers remain cautious and domestic investment is held back by high borrowing costs, the Bundesbank said in a regular monthly report on Monday about Europe’s biggest economy.

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.