Germany’s trade dependence on China has grown to “dangerous” levels, according to the country’s finance minister, with Berlin’s trade deficit with Beijing more than doubling last year, a development some experts warn can result in serious geopolitical implications. “Dangerous development: The German trade deficit with #China more than doubled in 2022. We should learn from…
German Finance Minister Warns Against ‘Dangerous’ Trade Dependence on China
February 10, 2023
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German Manufacturing New Orders Decline in April
New orders in manufacturing declined in April for the third time in a row in Germany, according to the latest data from the Federal Statistical Office (Destatis). On a seasonally and calendar-adjusted basis, new orders in April fell by 2.7 percent compared to March, a June 7 press release said. Excluding major orders, new orders…
Roughly Half of Germans Restrict Spending Due to Rising Inflation: Survey
Almost 50 percent of German citizens are not in a position to afford their current lifestyles, forcing them to make changes in household expenditures, a poll conducted by public broadcaster ARD has shown. In the survey, which was conducted between May 30 and June 1 among 1,337 Germans, 47 percent indicated that they are implementing…
German Economy Remains on Growth Path for Now: PMI
BERLIN—A sustained rebound in services helped business activity in Germany grow again in May, though there are signs that rising prices, market uncertainty, and supply problems are starting to put pressure on demand, a preliminary survey showed on Tuesday. S&P Global’s flash Purchasing Managers’ Index (PMI) for services was 56.3 in May, down from April’s…
In Germany, New Factory Orders Declined in February 2022
Germany’s new factory orders fell in February 2022 on a monthly basis for the first time in four months, according to provisional results from the country’s federal statistical office. New orders decreased by 2.2 percent in February compared to January on a seasonally- and calendar-adjusted basis, the office said in an April 6 press release….
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