Latest news with #Destatis
Yahoo
2 hours ago
- Business
- Yahoo
German Factory Orders Rose Even After US Tariff Announcement
(Bloomberg) -- German factory orders kept rising after President Donald Trump's announcement of US reciprocal tariffs, defying expectations for a setback. ICE Moves to DNA-Test Families Targeted for Deportation with New Contract The Global Struggle to Build Safer Cars NYC Residents Want Safer Streets, Cheaper Housing, Survey Says The Buffalo Architect Fighting for Women in Design Demand increased 0.6% in April from the previous month, while economists had predicted a 1.5% decline in a Bloomberg survey. Without large-scale orders, they were still 0.3% higher, the statistics office said Thursday. The unexpected increase is due to 'substantial growth' in demand for computer, electronic and optical products, Destatis said. Orders for aircraft, ships, trains and military vehicles 'also had a positive effect.' The data add to evidence that the full impact of Trump's tariffs has yet to hit Europe's economy. While private-sector activity has slowed in the last two months, it continued to expand slightly, according to business surveys by S&P Global. Frontloading of demand probably played a role in the Germany's robust first-quarter performance, Bundesbank President Joachim Nagel said last month, adding that he sees momentum weakening during the remainder of the year. Germany's manufacturing sector is heavily exposed to the trade tensions because of its reliance on exports. The economy is expected to stagnate this year following two straight years of contraction. But a planned spending boost by the new government should usher in quicker expansion in 2026. The European Central Bank is also about to provide more support later Thursday with its eighth interest-rate reduction in a year. Economists predict another such move in September. 'The trend in orders is now pointing upwards,' said Commerzbank Chief Economist Joerg Kraemer. 'The German economy is benefiting from the ECB rate cuts, even if Trump's tariff increases are dampening the upward trend.' --With assistance from Joel Rinneby, Harumi Ichikura, Kristian Siedenburg, Jana Randow and Mark Schroers. (Updates with economist comment in final paragraph) Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Is Elon Musk's Political Capital Spent? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
German inflation rate expected to remain steady in May
Germany's Federal Statistical Office (Destatis) is due to announce the rate of inflation in May based on initial data on Friday, with economists expecting a similar inflation rate to April. The central bank, or Bundesbank, assumes that the rate will fluctuate around the 2% mark in the coming months. In April, the annual inflation rate in Germany fell to 2.1%, its lowest level since October, mainly because energy was cheaper than in the same month a year earlier. The still comparatively low oil price suggests that there were no jumps in energy prices in May either. Additional relief is also expected from the German government's announcement that it will reduce the electricity tax. However, there is no sign of relief in sight for services, which have recently seen above-average price increases. Another factor contributing to uncertainty about inflation is the tariff dispute with the United States, which could make goods more expensive.
Fibre2Fashion
29-05-2025
- Business
- Fibre2Fashion
Import prices in Germany down 0.4% YoY, 1.7% MoM in Apr 2025
Import prices in Germany were down by 0.4 per cent year on year (YoY) and 1.7 per cent month on month (MoM) in April this year, according to the Federal Statistical Office (Destatis). Such prices were up by 2.1 per cent YoY in March and by 3.6 per cent YoY in February. The drop in April was the largest MoM decline in import prices since the start of the COVID-19 crisis in April 2020. Export prices in the country in April this year were up by 1 per cent YoY and down by 0.5 per cent MoM. The YoY rise was 2 per cent in March and 2.5 per cent in February this year. German import prices were down by 0.4 per cent YoY and 1.7 per cent month on month (MoM) in April, official statistical show. The drop in April was the largest MoM decline in import prices since the start of the COVID-19 crisis in April 2020. Energy had the biggest impact on the YoY decline in import prices. Export prices in April this year were up by 1 per cent YoY and down by 0.5 per cent MoM. Energy had the biggest impact on the YoY decline in import prices, according to a Destatis release. When energy prices are excluded, import prices in April were 0.8 per cent higher YoY. However, such prices were down by 0.8 per cent MoM in the month. Lower import prices were also registered for intermediate and capital goods. The import prices of intermediate goods were 0.1 per cent lower YoY and 1.1 per cent lower MoM in the month, while the import prices of capital goods were down by 0.2 per cent YoY and 0.4 per cent MoM. In April, the prices of imported consumer goods (durable and non-durable) continued to be 2.6 per cent higher YoY, but were down by 0.4 per cent MoM. Imported non-durable consumer goods were 3.3 per cent more expensive YoY and 0.3 per cent less costly MoM, while the prices of imported durable consumer goods were unchanged YoY and dropped by 0.8 per cent MoM. The biggest influence on YoY development of export prices came from consumer and capital goods. Exported consumer goods were 2.1 per cent more expensive YoY and 0.2 per cent more expensive MoM. While the export prices of durable consumer goods were up by 1.3 per cent YoY, non-durable consumer goods were 2.3 per cent more expensive YoY. The prices of exported capital goods rose by 1 per cent YoY and dropped by 0.2 per cent MoM in April. Intermediate goods were 0.5 per cent more expensive than in April 2024. Compared with the previous month, however, the price of intermediate goods was down by 0.4 per cent on an average. Energy exports also cost 0.5 per cent more YoY in April, but 10.4 per cent less MoM. Fibre2Fashion News Desk (DS)
Fibre2Fashion
26-05-2025
- Business
- Fibre2Fashion
Germany's Q1 2025 GDP grows 0.4% QoQ, exceeds initial estimate
Germany's gross domestic product (GDP) rose by 0.4 per cent quarter on quarter (QoQ) in the first quarter (Q1) this year after adjustment for price, seasonal and calendar variations, according to the Federal Statistical Office (Destatis). Economic growth in Q1 2025 was, therefore, 0.2 percentage points (pp) higher than communicated in the first release of April 30 this year. Germany's GDP rose by 0.4 per cent quarter on quarter (QoQ) in Q1 2025 after adjustment for price, seasonal and calendar variations. On a price, calendar and seasonally adjusted basis, total exports rose by 3.2 per cent QoQ in Q1 2025; these were down by a price-adjusted 1.1 per cent YoY. Goods exports fell by 1.4 per cent YoY in the quarter. Imports also rose in Q1 2025 by 1.1 per cent. "Growth was slightly higher than predicted in the first estimate due to the surprisingly good economic development seen in March," said Destatis president Ruth Brand in an official release. "In particular, output in manufacturing and exports registered stronger growth than initially assumed," Brand added. The last time GDP growth was higher than the level registered in the Q1 2025 was in the Q3 2022 (plus 0.6 per cent QoQ). On a price, calendar and seasonally adjusted basis, total exports of goods and services rose by 3.2 per cent QoQ in Q1 2025; these were down by a price-adjusted 1.1 per cent YoY in the quarter. Anticipatory effects amid concerns over a brewing trade war with the United States are likely to have contributed to the positive QoQ development. Exports of goods declined by 1.4 per cent YoY in the quarter. Imports also rose at the start of the year, but at 1.1 per cent, the growth in imports was weaker than that in exports. After registering a decline for four consecutive quarters, Germany's gross value added (GVA) on the whole was up 0.6 per cent in Q1 2025 compared with Q4 2024, following adjustment for price, seasonal and calendar variations. Economic performance was up in the manufacturing industry by 1 per cent, following declines in the previous quarters. GDP in Q1 2025 was down a price-adjusted 0.2 per cent year on year (YoY). After adjustment for price and calendar effects, it stagnated compared with the same quarter of the previous year. Investments fell by 1 per cent YoY in Q1 2025 after adjustment for price variations. Compared with other countries, Germany's economic performance at the start of the year was slightly above the European average: in Q1 2025, economic performance in the European Union (EU) as a whole increased by 0.3 per cent QoQ and was slightly below Germany's 0.4 per cent growth. Fibre2Fashion News Desk (DS)
Time of India
23-05-2025
- Business
- Time of India
German GDP sees 0.4% growth in the first quarter of 2025
German GDP sees 0.4% growth in the first quarter of 2025 Germany's battling economy has seen better than expected growth in the first quarter of 2025 with the Federal Statistics Office (Destatis) reporting an improvement of 0.4% when compared to the the last quarter of 2024. It is twice the initial growth forecast of 0.2% and comes off the back of rising exports and stronger consumer spending during the period in question. Ruth Brand, president of Destatis, pointed to "surprisingly good economic development in March" as a key driver behind the higher growth figures. Brand said said there was better than expected performance in production in the manufacturing sector and exports, especially of cars and pharmaceuticals. That all came as producers tried to get on the frontfoot ahead of the Trump administration imposed sweeping tariffs earlier in April. Thursday saw Germany's new Finance Minister Lars Klingbeil highlight how the new coalition government is looking to revive the country's economy.
