New data on Monday showed that Germany’s composite PMI sank to its lowest level since October 2012. And sentiment among manufacturers fell to a 2009 low. The PMI is the yardstick used to measure business sentiment. The service sector also lost momentum – something that until now has been fairly […]
Germany’s economy has been faltering and could be in a technical recession, according to economists. Data on Thursday added to Germany’s woes, as new factory orders declined in July and construction was at its lowest level in five years. The economy contracted in the last quarter and consumer sentiment continues […]
Germany’s economy shrank 0.1% in the second quarter, driven by a decline in exports due to the US-China trade war. The slowdown is bad news given Germany is Europe’s largest economy and a key player in the eurozone. The contraction comes after the UK economy shrunk last week for the […]
Three of Europe’s largest economies are under threat of recession, which could spell a currency crisis across Europe. Dozens of companies in Germany have turned to “short-time” work – cutting employee hours – a canary in the coal mine of industrial weakness Britain could also already be in a recession […]
Global stock markets are broadly lower Thursday as ongoing trade tensions, poor industrial data out of Germany, and an upcoming policy announcement from the Bank of England influence stocks. Moves so far are small, with Europe’s biggest faller on the day losing just 0.3% as of 9.15 a.m. in London […]
Output in Italy, Europe’s fourth-largest economy, contracted by 0.2% in the fourth quarter, on the heels of a 0.1% drop in the quarter before that, the Italian National Institute of Statistics, known as Istat, said on Thursday. That means Italy is officially in a recession, defined as two successive quarters […]
The collapse of an index measuring sentiment among French services companies was an extreme version of several negative-looking charts coming out of Europe last week. Junk bonds have gone through the roof, meaning the credit quality of European companies is getting worse. There is an industrial recession in Germany. The […]
Germany probably fell into recession at the end of 2018 as the country’s dominant manufacturing sector faltered. That was most likely due at least in part to an unusual negative factor: a shockingly low water level in the Rhine river. The Rhine is crucial for German industry because it provides […]
Germany’s economy was either flat or shrank by 0.1%, depending on how you count it. Either way, it’s weak. The slowdown in China, the US trade tariffs, and a manufacturing decline are all battering the world’s fourth-largest economy. Italy’s economy sucks, too. The German economy is so weak that it […]
There is now conclusive proof that Europe is in the midst of an economic slump. Data released on Monday showed that industrial production throughout the whole of the eurozone dropped sharply, pointing to only a glacial pace of growth in the continent at the end of 2018. Two of the […]
Trade-war fears, ongoing Brexit negotiations, and the crisis surrounding Italy’s budget are all dragging on the German economy. Traditionally strong exports have disappointed in four of past six months. New rules on emissions for automakers aren’t helping. Europe’s largest exporter has also seen trade out of the country fall dramatically. […]
Trade tensions between the US and China increase again as Trump proposes tariffs on $US100 billion extra of goods. A trade war would hit the USA and China, but German firms are worried. BMW and Mercedes’ parent company is the biggest exporter of cars from the USA, and would be […]
Germany’s class of small or medium businesses – known as the Mittelstand – faces a looming succession crisis, according to an FT report. Over the next five years, the heads of 840,000 businesses are set to retire, and need to find successors. “The Mittelstand is going to be hit by […]
Preliminary GDP data for Germany revealed growth of 0.6% in the June quarter, just shy of market forecasts of 0.7%. The slight miss was still a solid print for the German economy, with annual growth increasing to 2.1% from 1.7% in Q1. According to the Financial Times, that’s the fastest […]
Germany's finance minister said writers...
It's manufacturing PMI day in Europe...
It's manufacturing PMI day in Europe...