Germany

European economy 6th February 2023

German factory orders rise more than expected in December, easing recession fears

CoM | German factory orders last December registered a 3.2% increase over the previous month, when they fell by 4.4%, thus surpassing market consensus expectations and removing fears that the “European locomotive” will enter recession this winter. According to data released by Germany’s Federal Statistical Office (Destatis), German factory orders experienced a 10.1% decline compared with December 2021, although they were 1.2% above the level recorded in December 2019, before…

World economy 30th January 2023

Mild Winter Recession in Germany

ifo | “High inflation rates have driven the German economy into a winter recession.” This is how Timo Wollmershäuser, Head of Forecasts at ifo, responded when Germany’s Federal Statistical Office reported that economic output in the fourth quarter of 2022 had fallen by 0.2 percent. The Federal Statistical Office had originally expected growth to be flat, based on provisional figures. “The usual definition of a recession is when gross domestic…

European economy, European politics, Interviews 28th January 2023

Veronika Grimm: “the high costs of fossil energies represent a stimulus to accelerate the transformation towards renewable energies”

Lidia Conde (Francfort) | Veronika Grimm (Rendsburg, Germany, 1971) sits on the German Federal Government’s Advisory Council of Economists, which analyses the country’s economic development on the basis of scientific criteria and publishes a report every autumn in which it expresses its analyses and forecasts. Following its opinion, the government in turn responds to the council’s recommendations. Now, Grimm predicts that the economy of the continent’s leading power will shrink…

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European economy, In Europe 25th January 2023

Confidence in German economy improves. Ifo business climate index rises to 90.2 points in January, up from 88.6 in December

Ifo | This is due to considerably less pessimistic expectations. However, companies were somewhat less satisfied with their current situation. The German economy is starting the new year with more confidence. In the manufacturing sector, the index continued its upward trajectory. Companies assessed their current situation as better. Their expectations for the next six months are also noticeably better. The volume of orders is decreasing but remains at a high…

European economy, In Europe 18th January 2023

Germany: December final inflation confirms decline to 8.6% year-on-year vs. 10% in November

CoM| Germany’s year-on-year inflation rate stood at 8.6% last December, the lowest since August 2022, after the 10% recorded in November, according to the Federal Statistical Office (Destatis), which estimates a price rise of 7.9% for 2022 as a whole, compared with 3.1% in 2021.In harmonised figures, used by Eurostat in its statistics, Germany’s inflation rate in December was 9.6% year-on-year, which put the average for 2022 as a whole…

Companies, Ibex, Spanish economy 27th December 2022

Fluidra buys all of Meranus Group for some €30 M

Link Securities | On December 23, 2022 Fluidra Commercial, S.A.U., an indirectly fully controlled subsidiary of Fluidra, reached an agreement to fully acquire the German companies Meranus Haan, Meranus Lauchhammer and Aquacontrol. These firms together form the Meranus Group, a recognized swimming pool equipment distributor in Germany. It is also a manufacturer of swimming pool dosing and control technology. Meranus’ expected revenues for the year ending 31 December 2022 are…

European economy, European politics 4th November 2022

EU Should Demonstrate Unity toward China

The ifo Institute has called for a show of unity toward China. In recent years, the trade imbalance between Germany and China has tipped significantly in China’s favor, but the same is not true for EU-China trade relations, according to an ifo study. “For this reason, it is questionable whether Chancellor Olaf Scholz’s trip to China will on its own be enough to send the right message. It would have…

European economy 31st October 2022

Fewer German Companies Plan to Increase Prices

ifo| Somewhat fewer German companies are planning to raise their prices soon than in the previous month, finds the ifo Institute’s latest survey. For the economy as a whole, the ifo price expectations for the coming months fell to 51.5 points in October, down from 53.8 points* in September. Trade and manufacturing in particular are planning fewer increases, while price expectations are rising among service providers and in construction. “The…

European economy 14th October 2022

Only One in Three German Companies Has an Emergency Plan for Energy

ifo | Only just under one-third of German companies has an emergency plan for dealing with the energy crisis. This is the result of the new Randstad ifo Personnel Manager Survey of 700 HR managers. “The smaller the company, the less often measures were in place. Among companies with more than 500 employees, 60 percent have taken appropriate precautions. For companies with up to 50 employees, the figure is only…

European economy 14th September 2022

Germany | Nuclear Power Plant Operators Can Expect Profits To Unexpectedly Be EUR 7.9 Billion Higher This Year Due To High Natural Gas Prices

Ifo | Extending the operating lives of Germany’s three nuclear power plants would reduce the German electricity price by 4 percent next year, according to calculations by the ifo Institute. The nuclear power plants would generate about 4 percent of Germany’s electricity. However, the share of natural gas in power generation would drop only from 8.3 percent to 7.6 percent. “This is because nuclear power isn’t a 1:1 replacement for…

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