Covid and Supply Bottlenecks Dampen German Business Sentiment in November
ZURICH (MaceNews) – Business sentiment in Germany fell in November as concerns over a fourth Covid wave and continued supply chain bottlenecks dampened both current conditions and expectations according to the latest report from the Munich-based Ifo Institute. The Business Climate Index median fell to 96.5 in November, slightly below the median of 96.7 in […]
Germany’s Current Economic Situation Negatively Impacted by Supply Bottlenecks and Inflation Concerns
ZURICH (MaceNews) – While the economic outlook for Germany improved for six months hence, current conditions are being negatively impacted by supply bottlenecks and concerns over inflation, according to the latest survey data from the ZEW Institute in Mannheim. Current conditions fell more than expected in November, with the index shedding 9.1 points to 12.5, […]
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 […]
FACT SHEET: THE BIDEN-HARRIS ADMINISTRATION’S NEW APPROACH TO THE U.S. – CHINA TRADE RELATIONSHIP
WASHINGTON (MaceNews) – The following is a fact sheet issued by the U.S. Trade Representatives Office and the White House, summarizing the comments by USTR Katherine Tai Monday in an appearance at the Washington think tank CSIS: Joe Biden ran for president on a promise to restore the backbone of this country, the middle class. […]
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 Economic Sentiment Falls in Sept as Chip Shortages Contribute to Expectations Drop
ZURICH (MaceNews) – Economic sentiment in Germany fell in September as a sharp decline in expectations weighed in sentiment, according to the latest report from the ZEW Institute in Mannheim. ZEW’s economic indicator fell 13.9 points in the September survey to 26.5, coming in below the median of 30.0 in an Econoday survey of economists’ […]