Germany's economic outlook received an unexpected boost in December, thanks to growing confidence that the European Central Bank (ECB) may soon cut interest rates as inflation continues to drop. According…
(Destatis) Germany’s harmonized index of consumer prices rose by 8.7% in May from the prior year, marking the highest consumer prices since the winter of 1973/1974. The inflation was higher…
(Ifo Institute) The ifo business climate index of Germany’s economy was recorded at 93.0 points in May, up from 91.9 points in April. A gauge of expectations also came better…
(WSJ) Shares of German’s lenders Deutsche Bank and Commerzbank fell more than 8% each on Tuesday as investors downsized holdings. Investors reportedly sold 5% stakes in both lenders at proceeds…
(Destatis) Germany’s foreign trade balance in August was a surplus of 10.7 billion euros, a decline from 11.9 billion euros registered in the comparable month of 2020. Exports averaged 104.4…
(Destatis) The German industry production dropped by 4.0% in August compared to the prior month due to the impact of the pandemic. The calendar-adjusted industry production in August increased by…
(Destatis) Germany’s factory orders were down by 7.7% in August, more than the forecasted decline of 2.1%. The decline reflected persistent delivery bottlenecks. The factory orders were still higher than…
(IHS Markit) Germany’s manufacturing PMI hit a six-month low of 62.6 in August, from 65.9 in July as manufacturers struggled to meet demand due to supply constraints. Output sub-index fell…
(ZEW) The gauge of expectations on Germany’s recovery fell to 40.4 in August, from 63.3 in July, the lowest since November last year. The fall in Germany’s investor confidence reflects…
(Bloomberg) German will, from Monday, start allowing institutional funds to allocate as much as 20% of their holdings in cryptocurrencies. The so-called Spezialfonds will be allowed to hold the crypto…
(Beincrypto) Germany’s financial watchdog BaFin has allowed institutional investors to allocate up to a fifth of their assets in cryptocurrencies. The move by Germany’s regulator aims to balance the risky…
Germany’s price-adjusted gross domestic product in Q1 2021 was 3.4% below that of the comparable quarter of 2020, according to Destatis press release. Price and calendar adjusted GDP was 1.8%…