Producer prices in Germany increased by 0.1 percent in October compared with the previous month. The German Federal Statistical Office reported the figures.
Economists had expected an average increase of 0.1 percent. In September, German manufacturers ‘ prices for their products increased by 0.4 percent.
On an annual basis, German producer prices fell by 0.7 percent in October, after a 1 percent decrease a month earlier.
For the first time, China has drawn up extensive rules to prevent monopolistic practices by large internet companies. In this way, Beijing wants to put an end to the growing dominance of web shopping groups, Alibaba and Tencent. Both in the field of online shopping and gaming, they now dominate the market. For example, the Chinese government has issued a series of rules to curb anti-competitive...
The Chinese government would aim for an average economic growth rate of almost 5% a year in the longer term. This means that the growth of the second world economy will become less strong than in the last 30 years. President Xi Jinping said to the Communist Party summit last week that China’s economy could double in size by 2035. This ambition is part of the Chinese government’s new...
The euro area economy showed the strongest recovery ever measured in the third quarter. Growth was close to 13% compared to the second quarter when the economy was still heavily affected by the first coronalockdown, according to the European statistical office Eurostat. Moreover, the recovery was stronger than the average economists had anticipated. However, many connoisseurs remain pessimistic...
The French economy experienced a strong recovery in the third quarter. Economists in general did not expect such a strong upturn. However, many connoisseurs remain pessimistic as new lockdown measures are now creating new economic problems. Compared with the second quarter, the French economy rose by 18.2% in July, August and september, according to preliminary figures from the French statistical...