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 Aug IFO Business Climate Index Fell on Supply and Covid Concerns
ZURICH (MaceNews) – A more pessimistic outlook among German business in August pulled the Ifo Business Climate Index below 100 and was weaker than expected, according to the latest results from the Ifo Institute in Munich. The Business Climate Index fell to 99.4 from 100.7 in July, below the Econoday median of 100.4, amid supply […]
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 […]
Bundesbank’s Weidmann Doesn’t Rule Out Tighter ECB Policy Amid Inflation Rise
ZURICH (MaceNews) – In the face of a sharp inflation increase, Bundesbank President Jens Weidmann said he doesn’t rule out higher interest rates from the European Central Bank. In an interview with the German newspaper Welt am Sonntag, Weidmann said that euro member states should not rely on the central bank to help finance an […]
Germany’s Industrial Output Unexpectedly Fell in June, Falling 1.3%
ZURICH (MaceNews) – Industrial production in Germany unexpectedly fell in June, declining 1.3 percent from the previous month, according to the latest report from the Federal Statistics Office (Destatis) The decline was in contrast to a larger-than-expected increase in factory orders reported yesterday, and also below the median for a 0.5 percent gain according to […]
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’ […]
Germany’s Economic Outlook and Current Conditions Diverge in July: ZEW
ZURICH (MaceNews) – The economic outlook in Germany for the next six months fell more than expected in July, while current conditions improved markedly, according to the latest report from the ZEW Institute in Mannheim. The Economic Sentiment indicator which measures economic expectations for the next six months fell 16.5 points in July to 63.3, […]
Bundesbank’s Weidmann: Sharp Price Rises in Germany ‘Temporary;’ No Signs of Excessive Medium-Term Price Pressures
ZURICH (MaceNews) – Bundesbank President Jens Weidmann that current price increases in Germany are of a temporary nature and that he doesn’t see signs of higher inflation rates solidifying. In an interview with the business daily Handelsblatt, Weidmann said that “from our viewpoint, the sharp price increases in Germany are temporary and there aren’t signs […]
Germany ZEW Economic Expectations Declined in June, But Current Conditions Surge
ZURICH (MaceNews) – The economic outlook in Germany for the next six months unexpectedly declined in June while the assessment of current economic conditions improved markedly, the most recent report from the ZEW Institute in Mannheim showed. ZEW’s Economic Expectations Index fell 4.6 points in June to 79.8, below the 85.3 median of an Econoday […]