Senior Economics Correspondent Germany
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Oct 7, 2014

German August industry output plunges most in 5-1/2 years

BERLIN (Reuters) – German industrial output plunged in August at its steepest rate since the height of the financial crisis and the International Monetary Fund cut its German growth forecast, raising further concern that Europe’s largest economy is running out of steam.

The 4.0 percent month-on-month drop in industrial production missed a consensus forecast in a Reuters poll for a 1.5 percent decrease and even the lowest forecast for a 3.0 percent fall. It was the biggest drop since a 6.9 percent fall in January 2009.

Oct 7, 2014

German August industry output plunges most in five and half years

BERLIN (Reuters) – German industrial output plunged in August at its steepest rate since the height of the financial crisis and the International Monetary Fund cut its German growth forecast, raising further concern that Europe’s largest economy is running out of steam.

The 4.0 percent month-on-month drop in industrial production missed a consensus forecast in a Reuters poll for a 1.5 percent decrease and even the lowest forecast for a 3.0 percent fall. It was the biggest drop since a 6.9 percent fall in January 2009.

Sep 25, 2014

Trip Tips: Munich’s Oktoberfest stems from tradition, draws millions

MUNICH (Reuters) – If you dislike crowds, noise or beer, this is not the time to visit Munich. Even though it is called Oktoberfest, one of the world’s largest fun fairs has already started and is drawing in its usual crowd of millions.

But if you do like them, or want the beer despite those other distractions, now’s the time to go. The fair, whose start was moved forward into September long ago to profit from the late summer, goes on this year until Oct. 5.

Sep 24, 2014

Slide in German business morale points to weak third-quarter

BERLIN (Reuters) – German business sentiment fell for a fifth straight month in September to its lowest level in nearly 1-1/2 years, dampening expectations for a third-quarter rebound in Europe’s largest economy.

The Munich-based Ifo think tank’s business climate index, based on a monthly survey of some 7,000 firms, fell to 104.7 from 106.3. The Reuters consensus forecast had been for a milder decrease to 105.7. ECONDE

Sep 24, 2014

Slide in German business morale points to weak Q3

BERLIN, Sept 24 (Reuters) – German business sentiment fell
for a fifth straight month in September to its lowest level in
nearly 1-1/2 years, dampening expectations for a third-quarter
rebound in Europe’s largest economy.

The Munich-based Ifo think tank’s business climate index,
based on a monthly survey of some 7,000 firms, fell to 104.7
from 106.3. The Reuters consensus forecast had been for a milder
decrease to 105.7.

Sep 23, 2014

Valls says France would never ask Germany to solve its problems

BERLIN (Reuters) – French Prime Minister Manuel Valls sought to reassure Berlin on Tuesday that his country was making progress on economic reforms and would not ask Germany to solve its problems.

Speaking after a German industry leader said Germany was not responsible for France’s economic problems, Valls pledged in a speech that won a standing ovation to pursue reforms to revive an economy often characterised in Germany as “sick”.

Sep 16, 2014

German finance minister: don’t read too much into euro swings

BERLIN (Reuters) – The European Central Bank (ECB) has assured Germany it is not trying to manipulate the euro, German Finance Minister Wolfgang Schaeuble told Reuters on Tuesday, adding he was not concerned about recent swings in the single currency’s exchange rate.

“The president of the ECB confirmed in my presence in Milan (on the weekend) that the ECB is of course sticking to the agreements we have made in the framework of the G7 and G20,” Schaeuble said in an interview.

Aug 31, 2014

Merkel’s conservatives set to hold Saxony, but euroskeptics gain traction

BERLIN (Reuters) – Chancellor Angela Merkel’s conservatives are poised to cling on to power in Sunday’s election in the east German state of Saxony, but right-leaning rival Alternative for Germany (AfD) won its first seats in a state assembly.

Early results suggest that Merkel’s Christian Democrats (CDU) will win with nearly 40 percent of the vote, which would be their worst election performance in the state they have run since German unification. The hardline Left and Social Democrats (SPD) were projected to take second and third.

Jul 29, 2014

Russia sanctions threaten to blow euro zone off course

BERLIN/FRANKFURT (Reuters) – The knock to confidence from harsher European sanctions on Russia could spoil the euro zone’s budding economic recovery even if it shrugs off the fallout on trade.

Following months of hesitation, the European Union will seek on Tuesday to seal the first broad economic sanctions on Russia – its third-biggest trading partner – following the downing of a Malaysian airliner over territory controlled by pro-Moscow rebels in eastern Ukraine.

Jul 28, 2014

German government and industry lobby support tougher sanctions on Russia

BERLIN (Reuters) – The downing of a Malaysian plane over an area of eastern Ukraine controlled by separatists has made tougher sanctions against Moscow necessary, the German government said on Monday, a position backed by the main business lobby.

The EU has frozen assets and banned travel for some Russian officials, after Russia annexed Ukraine’s Crimea region and began supporting separatists fighting Kiev’s forces in eastern Ukraine.

    • About Annika

      "Annika leads the economic news file from Berlin, where Reuters covers everything from the performance of Europe's largest economy to the country's economic policy. Focus this year has been on Berlin's handling of the euro zone debt crisis and its role in financial regulation. Annika previously worked in Singapore as a regional specialist on Asian energy. On earlier assignments, she reported from Zurich and London."
      Joined Reuters:
      2002
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