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.
The economy of Germany, the largest in Europe, shrunk by 5 percent in 2020 because of the crisis. The German Federal Statistical Office reported this on the basis of a preliminary estimate. This put an end to ten years of growth for the German economy. The German economy suffered from lockdowns and weaker exports, for example because the demand for German cars was under pressure. In the spring...
The German Stock Exchange authority, BaFin, is said to be starting an investigation into striking changes in the share of the tour group TUI. In the days and weeks before the beginning of December, when an agreement was reached on state aid, marked exchange rate reactions were observed. This is reported by the German newspaper Börsen-Zeitung. A member of the Lower Saxony parliament would have...
Inflation in Germany is negative for the fifth month in a row in December. The average price level decreased by 0.7 per cent compared to a year earlier, reported the German Federal Statistical level. It is the lowest level of inflation in more than a decade. The negative inflation rate is largely caused by a temporary VAT reduction introduced by the German authorities as a measure to counter the...
Activity in Dutch industry grew at the strongest rate in December since September 2018. In particular, the number of new orders increased significantly, but the Dutch Association of purchasing managers (Nevi). Employment also increased, albeit modest. The growth of orders led to the second largest increase in production in two years. Companies were clearly buying more supplies. But the...