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Germany's GDP slumped by 4.6% last year due to Covid

German economic institutes to cut 2021 growth forecasts

Germany's economic institutes are slashing their 2021 growth forecast for Europe's largest economy to 2.4% from 3.7% as supply bottlenecks slow the recovery, two people familiar with the decision told Reuters today.

Business • 13 Oct 21

German industrial output slumped by 4% month-on-month, after experiencing a rebound in July, new figures show today

German industrial output slumps on supply chain woes

German industrial production fell more sharply than expected in August, official data showed today, as supply chain frictions weigh heavily on Europe's biggest economy.

Business • 07 Oct 21

The Ifo institute now sees Germany's GDP growing by 2.5% this year, down 0.8% percentage points from its previous forecast

Germany's Ifo institute cuts GDP growth forecast

Germany's Ifo economic institute said today it had cut its growth forecast for Europe's largest economy for this year as supply chain disruptions and scarcity of intermediate goods are slowing down the recovery from the Covid-19 pandemic.

Business • 22 Sep 21

Germany's Ifo institute said its business climate index came in at 99.4, missing an analyst consensus of 100.4

German business morale falls on rising Covid cases

German business morale fell for the second month running in August, as supply bottlenecks and rising Covid-19 cases drove companies to take a dimmer view of the coming months in Europe's largest economy.

Business • 25 Aug 21

Germany's GDP grew by 1.6% on the quarter from April to June adjusted for price, seasonal and calendar effects

Germany sees stronger than expected recovery in Q2

The German economy grew more than expected in the second quarter as the easing of Covid-19 curbs spurred consumers to dip into record savings piled up during the winter lockdown and the state pressed on with a huge debt-financed stimulus push.

Business • 24 Aug 21

Germany's Ifo institute said its business climate index rose to 101.8 from 99.2 in May as tje economy shakes of the Covid-19 crisis

German business morale up as economy shakes off Covid

German business morale rose by more than expected in June as companies' assessment of current conditions improved and their optimism increased about the second half of the year in Europe's largest economy, a survey showed today.

Business • 24 Jun 21

German economy overcoming pandemic - Bundesbank

The German economy is overcoming a pandemic-induced slump and will grow briskly this year and the next, the country's central bank said today as it lifted its GDP and inflation forecasts for both years.

Business • 11 Jun 21

Coronavirus curbs crushed private consumption in Europe's largest economy in the first quarter of the year

Covid hit on German economy bigger than expected in Q1

The German economy shrank more than expected in the first quarter as coronavirus-related restrictions spurred householders to put more money than ever into savings, data showed today.

Business • 25 May 21

The ZEW economic research institute said its survey of investors' economic sentiment rose to 84.4 points in May from 70.7 in April

German investor morale surges on easing Covid wave

German investor sentiment surged in May to its highest level since the start of the Covid-19 pandemic thanks to a third wave tailing off, pointing to a big upswing in Europe's largest economy in the coming six months.

Business • 11 May 21

Germany's economy shrank 1.7% in the first quarter of this year as rising Covid cases forced shutdowns to be extended

German economy shrank 1.7% in first quarter

Germany's economy shrank 1.7% in the first quarter of 2021 as rising coronavirus infections forced shutdowns to be extended, worse figures than elsewhere in Europe, official data showed today.

Business • 30 Apr 21

The Ifo institute said its business climate index shot up to 96.6, the highest reading since June 2019

Demand for German goods pushes business morale higher

German business morale hit its highest level in almost two years in March as rising demand for manufactured goods kept factories in Europe's largest economy humming through rising coronavirus infections and lockdown restrictions, a survey showed today.

Business • 26 Mar 21

The GfK research institute said its consumer sentiment index rose to -6.2 points from a revised -12.7 in March

German consumer morale improves further - GfK

German consumer morale improved for the second month in a row heading into April, boosted by an easing of lockdown measures at the beginning of March, a survey showed today.

Business • 25 Mar 21

Germany's retail sales fell 4.5% in January after an upwardly revised decline of 9.1% in December

German retail sales tumble in January as lockdown bites

German retail sales tumbled more than expected in January as the Covid-19 lockdown and the withdrawal of a temporary cut in sales tax hit consumer spending in Europe's largest economy, data showed today.

Business • 02 Mar 21

German economy grew by better than expected 0.3% in Q4

The German economy grew by a stronger than expected 0.3% in the final quarter of last year, helped by bullish exports and solid construction activity, the Federal Statistics Office said today in a revision to an earlier estimate.

Business • 24 Feb 21

Stacked containers on a container ship as it is moored at the Eurogate terminal in Hamburg port in Germany

German exports edge up on robust China trade, UK drags

German exports rose in December as solid trade with China and the US helped Europe's largest economy as it struggles to grow under the restrictions of a lockdown aimed at suppressing the Covid-19 case load.

Business • 09 Feb 21

The Germany grew by just 0.1% in the fourth quarter of 2020

German economy eked out 0.1% growth in fourth quarter

The Germany grew by just 0.1% in the fourth quarter as a second wave of the new coronavirus almost stopped Europe's largest economy in its tracks after a surging third-quarter recovery from the initial outbreak, official data showed today.

Business • 29 Jan 21

Germany cuts 2021 growth forecast as curbs drag on

The German government said today it expected Europe's top economy to grow by 3% this year, less than previously forecast, as longer virus shutdowns slow the pandemic recovery.

Business • 27 Jan 21

Germany's Ifo institute said its business climate index fell to 90.1 from an upwardly revised reading of 92.2 in December

German business morale at 6-month low on virus woes

German business morale slumped to a six-month low in January as a second wave of Covid-19 has brought to a halt a recovery in Europe's largest economy, a survey showed today.

Business • 25 Jan 21

Germany's economy shrank by 5% in 2020, less than expected and a smaller contraction than during the global financial crisis

Upbeat export expectations boost German investor morale

Investor sentiment in Germany rose by more than expected in January on improved expectations for exports, buoying the outlook for Europe's largest economy, the ZEW economic research institute said today.

Business • 19 Jan 21

The German economy shrank by a smaller than expected 5% last year, new figures show

German economy shrank 5% in 2020 due to Covid-19

The German economy shrank by a smaller than expected 5% in 2020 as a strong state response helped to limit the havoc caused by the Covid-19 pandemic, preliminary data from the statistics office showed today.

Business • 14 Jan 21

The Ifo institute said its business climate index rose to 92.1 from an upwardly revised reading of 90.9 in November

German business morale rises unexpectedly in December

German business morale rose unexpectedly in December despite Europe's biggest economy going into a strict lockdown to contain a second wave of coronavirus infections, a survey showed today.

Business • 18 Dec 20

German industrial output was up by 3.2% in October, new figures show

German industrial output surges on booming car sales

Booming car sales drove a stronger-than-expected jump in German industrial output in October, new figures show today.

Business • 07 Dec 20

Europe's largest economy partly recovered from an unprecedented plunge caused by the first wave of the Covid-19 pandemic in spring

German economy grew by record 8.5% in third quarter

Germany's gross domestic product grew by a record 8.5% in the third quarter as Europe's largest economy partly recovered from an unprecedented plunge caused by the first wave of the Covid-19 pandemic in spring, the statistics office said today.

Business • 24 Nov 20

Germany's trade surplus expanded to €17.8 billion, new figures show today

Rise in exports offers Germany hope of avoiding Q4 drop

German exports rose by more than expected in September, and foreign trade gave Europe's largest economy a boost going into the fourth quarter as it struggles to avoid slipping into a double dip contraction.

Business • 09 Nov 20

The jump in Q3 German output was the biggest since the Federal Statistics office began collecting quarterly growth data in 1970

German economy grows record 8.2% in third quarter

The German economy grew by a record 8.2% in the third quarter as Europe's largest economy partly recovered from its worst-ever recession caused by the Covid-19 pandemic, data from the Federal Statistics Office showed today.

Business • 30 Oct 20

German Economy