Tag: Germany

Germany and France kicked off the third
quarter with contractions in their private-sector economies,
with sustained weakness in manufacturing seeing increased
spillover to services.

German investor confidence slipped in July, a key survey showed Tuesday, adding to fears of a deeper downturn in Europe’s biggest economy.

German inflation rose more than expected in June, interrupting a steady decline since the start of the year and suggesting a bumpy road ahead.

German business morale worsened for the second consecutive month in June, a survey showed on Monday, indicating that Europe’s largest economy faces an uphill battle to shake off recession.

German industrial orders unexpectedly fell again in April following a sharp drop the month before, official data showed Tuesday, adding to concerns about the health of Europe’s biggest economy.

The downside miss was already foreshadowed by the state readings earlier and this marks the lowest level in annual headline inflation in Germany since February last year.

The German economy entered a technical recession in the first quarter of this year, as households tightened spending.

German Finance Minister Christian Lindner hopes American lawmakers will be “mature” over the debt ceiling negotiations to avoid further headwinds for the global economy.

German travel firm TUI said it expects strong revenue and higher profit in 2023 on the back of a jump in summer bookings, despite the risk of travel disruption triggered by strikes.