Latest news with #federalstatisticsoffice
Free Malaysia Today
4 days ago
- Business
- Free Malaysia Today
Germany's industrial output hits its lowest since 2020, exports exceed forecasts
Germany's export-oriented economy is expected to be badly affected by US tariffs. (EPA Images pic) BERLIN : Germany's industrial output fell in June to its lowest level since the pandemic in 2020, while exports rose more than expected, official data showed today. Industrial output dropped 1.9% month-on-month, the federal statistics office said, exceeding the 0.5% decline forecast in a Reuters poll of analysts. 'Production reached its lowest point since May 2020, when the pandemic triggered a sharp contraction,' the office added. A three-month comparison revealed a 1% decline in production in the second quarter, marking a return to levels last seen in the first half of 2020. The statistics office also revised the data for May to a 0.1% drop from the previous month, compared with a provisional figure of a 1.2% increase. The office attributed the revision to corrections from establishments in the automotive sector. Separately, German industrial orders fell unexpectedly by 1% in June, marking the second consecutive month of decline due to reduced foreign demand, data released yesterday showed. Exports rise German exports rose 0.8% month-on-month in June, surpassing the 0.5% increase predicted by analysts. 'Exports to EU countries increased by 2.4%, while shipments to non-EU nations fell 1.2%,' the statistics office said. Exports to the US dropped 2.1% compared with May, marking a third consecutive monthly decline and reaching their lowest value since February 2022. Germany's export-oriented economy is expected to be badly affected by US tariffs. The US was Germany's biggest trading partner in 2024 with two-way goods trade totalling €253 billion. Germany's foreign trade surplus narrowed to €14.9 billion (US$17.39 billion) in June, down from €18.5 billion in May and €20.3 billion in June of 2024.
Reuters
4 days ago
- Business
- Reuters
Germany's industrial output hits lowest since 2020, exports exceed forecasts
Aug 7 (Reuters) - Germany's industrial output fell in June to its lowest level since the pandemic in 2020, while exports rose more than expected, official data showed on Thursday. Industrial output dropped 1.9% month-on-month, the federal statistics office said, exceeding the 0.5% decline forecast in a Reuters poll of analysts. Production reached its lowest point since May 2020, when the pandemic triggered a sharp contraction, the office added. A three-month comparison revealed a 1.0% decline in production in the second quarter, marking a return to levels last seen in the first half of 2020. The statistics office also revised the data for May to a 0.1% drop from the previous month, compared with a provisional figure of a 1.2% increase. The office attributed the revision to corrections from establishments in the automotive sector. Separately, German industrial orders fell unexpectedly by 1% in June, marking the second consecutive month of decline due to reduced foreign demand, data released on Wednesday showed. German exports rose 0.8% month-on-month in June, surpassing the 0.5% increase predicted by analysts. Exports to European Union countries increased by 2.4%, while shipments to non-EU nations fell 1.2%, the statistics office said. Exports to the United States dropped 2.1% compared with May, marking a third consecutive monthly decline and reaching their lowest value since February 2022. Germany's export-oriented economy is expected to be badly affected by U.S. tariffs. The U.S. was Germany's biggest trading partner in 2024 with two-way goods trade totaling 253 billion euros. Germany's foreign trade surplus narrowed to 14.9 billion euros ($17.39 billion) in June, down from 18.5 billion euros in May and 20.3 billion euros in June of 2024. ($1 = 0.8566 euros)
Reuters
4 days ago
- Business
- Reuters
German industrial output dips after pre-tariff boost
Aug 7 (Reuters) - Germany's industrial output fell more than expected in June as the positive impact from companies rushing to beat U.S. tariffs waned, while exports rose more than expected. German industrial production fell in June by 1.9% compared with the previous month, the federal statistics office said on Thursday. Analysts polled by Reuters had predicted a 0.5% fall. German exports rose by 0.8% in June compared with May, data from the statistics office also showed. Analysts in a Reuters poll had expected a 0.5% increase. However, exports of goods to the United States fell 2.1% compared with May in a third consecutive decrease to the lowest value since February 2022.
Reuters
5 days ago
- Business
- Reuters
German industrial orders fall 1% in June
Aug 6 (Reuters) - German industrial orders fell in June, declining by 1% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Wednesday. A Reuters poll of analysts had pointed to a rise of 1.0%. The statistics office publishes more economic data on its website, opens new tab.
Reuters
31-07-2025
- Business
- Reuters
German inflation falls further to 1.8% in July
BERLIN, July 31 (Reuters) - German inflation fell slightly more than expected to 1.8% year on year in July, preliminary data from the federal statistics office showed on Thursday. Analysts polled by Reuters had forecast EU-harmonised inflation decreasing slightly to 1.9% from 2.0% the previous month. Germany's core inflation rate, which excludes volatile food and energy prices, remained unchanged at 2.7% in July. The German data comes ahead of the euro zone inflation release on Friday. Inflation in the bloc is expected at 1.9% in July down from 2.0% in the previous month, according to economists polled by Reuters. The European Central Bank left interest rates unchanged last week and offered a modestly upbeat assessment of the euro zone economy, raising doubts among investors about further policy easing.
