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Jan 9, 2025 | 
malaya.com.ph | Maria Martinez |Maria Martínez |María Martínez
- Advertisement -By Maria MartinezGerman exports and industrial production rose more than expected in November, but the outlook for the euro zone’s largest economy remains anything but rosy. Exports increased by 2.1 percent in November compared to the previous month, data from the statistics office showed on Thursday. The result compared with a 2.0 percent increase forecast in a Reuters poll.
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Nov 30, 2024 | 
thebharatexpressnews.com | Maria Martinez |Maria Martínez |María Martínez
By Maria Martínez(Reuters) -German retail sales fell more than expected in October, falling 1.5% from the previous month, data showed on Friday. Analysts polled by Reuters had forecast a decline of 0.3%. Retail sales in the euro zone’s largest economy fell significantly, partially offsetting gains in the third quarter.
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Apr 5, 2024 | 
streetinsider.com | Maria Martinez |Maria Martínez |María Martínez
By Maria Martinez(Reuters) -German industrial orders grew more slowly than expected in February, showing that weak demand in the manufacturing sector continues to drag on Europe's biggest economy. New orders increased by 0.2% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Friday. A Reuters poll of analysts had pointed to a rise of 0.8%.
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Apr 2, 2024 | 
yahoo.com | Maria Martinez |Maria Martínez |María Martínez
By Maria MartinezBERLIN (Reuters) -German inflation eased slightly more than expected in March, helped by a drop in energy prices, preliminary data from the federal statistics office showed on Tuesday. Inflation in Europe's largest economy slackened in March to 2.3%, its lowest level since June 2021. German consumer prices, harmonised to compare with other European Union countries, had risen by 2.7% year-on-year in February.
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Dec 15, 2023 | 
news.yahoo.com | Holger Hansen |Maria Martinez |Maria Martínez |María Martínez
BERLIN (Reuters) - The lower house of Germany's parliament approved on Friday the 2023 supplementary budget, with the suspension of a self-imposed cap on borrowing after a constitutional court ruling last month tore up the government's spending plans. The budget was approved with 392 votes in favour and 274 against. It is expected to be voted on in the upper house in the afternoon.
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Nov 17, 2023 | 
zawya.com | Maria Martinez |Maria Martínez |María Martínez
Germany's budget committee interrupted final deliberations on the 2024 draft budget early on Friday morning, according to the chief budget officers of the coalition government, after a constitutional court ruling threw negotiations into disarray. Germany's ruling coalition is scrambling to fix a large hole in its finances after a court ruling blocked the government from transferring 60 billion euros ($65 billion) in unused funds from the pandemic towards green initiatives and industry support.
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Nov 15, 2023 | 
zawya.com | Maria Martinez |Maria Martínez |María Martínez
The German economy is expected to shrink by 0.3% this year, as a loss in purchasing power due to high inflation and the tightening of financing conditions are weighing on consumption and investment, the European Commission said on Wednesday. By comparison, the German government expects the economy to contract by 0.4% in 2023. The euro zone's largest economy is struggling with the highest interest rates in a decade, high inflation and weakness in international trade.
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Nov 10, 2023 | 
thegermanbusinessreport.com | Maria Martinez |Maria Martínez |María Martínez |Hugh Lawson
BERLIN, Nov 10 (Reuters) - The German parliament on Friday approved the implementation of a global minimum corporate tax, as part of an international deal to ensure large companies pay a minimum tax rate of 15%. Multinational firms will have to pay that level of tax on all of the profits they make worldwide, regardless of where the profits are generated.
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Nov 6, 2023 | 
kitco.com | Maria Martinez |Maria Martínez |María Martínez |Hugh Lawson
BERLIN, Nov 6 (Reuters) - The German service sector slipped back into contraction in October amid persistent weakness in demand, a survey showed on Monday.
The HCOB final services Purchasing Managers' Index (PMI) fell to 48.2 in October from 50.3 in September, sliding back below the 50 level that signals growth in activity.
The service sector's performance continued to be undermined by a lack of incoming new work, the survey showed.
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Nov 3, 2023 | 
zawya.com | Maria Martinez |Maria Martínez |María Martínez
German exports fell more than expected on the month in September, federal statistics office data showed on Friday, as weak global demand hurt the country's exports. German exports fell 2.4% in September from the previous month. The result compared with a forecast 1.1% decline in a LSEG poll. Exports to European Union countries fell 2.1% on the month and exports to countries outside the EU fell 2.8%, with sharp declines in exports to the U.S. and China.
