German Oct Business Confidence Dampened by Supply Delays
ZURICH (MaceNews) – Business confidence in Germany was hampered by supply delays, according to the latest report from the Munich-based Ifo institute. The IFO Business Climate Index fell to 97.7 in October, slightly below the Econoday median of 98.1 in a survey of economists’ forecasts. The September result was revised to 98.9, from the 98.8 […]
Bundesbank’s Weidmann Makes Surprise Announcement, to Step Down at Year End
— ECB Governing Council to Lose One Of Its Most Hawkish Rate Setters By Laurie Laird LONDON (MaceNews) – Jens Weidmann, president of Germany’s Bundesbank, will relinquish his position at the end of 2021, ridding the European Central Bank of one its most hawkish voices. Weidmann has asked German President Frank-Walter Steinmeier to “dismiss” him […]
Supply Bottlenecks Punish German Economic Sentiment in October
ZURICH (MaceNews) – Economic sentiment in Germany fell in October as supply bottlenecks for raw materials and intermediate products hamper the economy, according to the latest report from the ZEW Institute in Mannheim. The ZEW index of economic sentiment fell 4.2 points to 22.3 in October, below the 24.0 median of an Econoday survey of […]
Eurozone Inflation Again Driven Higher by Energy Costs
ZURICH (MaceNews) – Pushed by continued double-digit growth for energy costs, consumer prices in the Eurozone rose more than forecast for September, the latest data from Eurostat showed. Consumer prices as measured by HICP rose 3.4 percent in September according to preliminary figures, exceeding the median of 3.3 percent in an Econoday survey of economists’ […]
MaceNewsViews: Commentary – Sorry, Europe, the US – and China – Won’t Let You Sit This One Out
By Denny Gulino WASHINGTON (MaceNews) – The German federal election proceeds as if the choices don’t matter all that much. Regardless of the personalities a relatively centrist coalition will finally endeavor to strike the path ahead, in Germany’s case, a path of least resistance – as long as it can. Climate, stability, prosperity. Chances are, […]
German Sept. Business Sentiment Fell Third Consecutive Month on Procurement Problems
ZURICH (MaceNews) – Sentiment among German businesses fell in September for the third month in a row, although not as much as had been expected by economists, according to the latest report from the Munich-based Ifo Institute. The Ifo Business Climate Index fell to 98.8 in September from a revised 99.6 (99.4) the previous month, […]
Germany’s July Industrial Output Rose 1.0% M/M, Led by Capital Goods
ZURICH (MaceNews) – Industrial production in Germany rose 1.0 percent in July from the previous month, beating expectations on strong orders for capital goods, the Federal Statistics Office (Destatis) reported Tuesday. The increase exceeded the median forecast for a 0.1 percent monthly gain, according to the charteconomicdata.com calendar. Today’s result for production comes one day […]
Germany’s ZEW Economic Sentiment Plunges More than Expected in August
ZURICH (MaceNews) – The economic outlook in Germany fell for the third consecutive month in August on Covid and China growth concerns, according to the latest report from the ZEW research institute in Mannheim. Expectations fell 22.9 points from the previous month to 40.4, well below the median forecast of 57.0 in an Econoday survey […]
German June Manufacturing Orders up 4.1% M/m, Driven by Large Orders
ZURICH (MaceNews) – Demand for German manufactured goods rose 4.1 percent in June from the previous month, driven by large orders, the Federal Statistics (Destatis) office in Wiesbaden reported. The result far exceeded expectations, with the median of and Econoday survey of economists’ forecasts calling for a 1.5 percent gain, and reversing the revised decline […]
Germany’s IFO Business Climate Index Unexpectedly Fell in July Amid Supply and Covid Concerns
ZURICH (MaceNews) – A decline in business expectations led to a drop in overall business sentiment, according to the latest report from Germany’s IFO Institute. The Business Climate Index fell to 100.8 in July from a revised 101.7 (101.8) in June, coming in below the median result of 102.3 in an Econoday survey of economists’ […]