BERLIN (Reuters) – German industrial output and trade activity rose sharply in April but the Bundesbank cut its growth forecast for this year, saying Europe’s largest economy would slow down again after a second-quarter surge.
The jump in activity offered some encouragement to other euro zone states, which are counting on increased German demand to help them export their way out of the region’s crisis.
BERLIN (Reuters) – A slump in demand for capital goods at home and abroad drove a steeper-than-expected 2.3 percent drop in German industrial orders in April, underscoring how Europe’s largest economy is struggling to pick up after a weak performance over winter.
The drop in seasonally and price-adjusted order intake was the strongest since November, according to data from the Economy Ministry, comparing with a consensus forecast in a Reuters poll of 38 economists for a 1 percent fall.
BERLIN (Reuters) – The German government blocked legislation on Wednesday that could have granted dual citizenship to hundreds of thousands of immigrants even though it is trying to recruit skilled foreigners to alleviate a labor shortage.
The left-wing opposition accused Chancellor Angela Merkel’s coalition of holding an antiquated world view and anti-Turkish sentiment verging on racism, setting up immigration as a campaign issue before a federal election in September.
BERLIN, May 24 (Reuters) – Blood-red bricks of wax are
shifted by conveyor belts up metal chutes towards the centre of
an atrium before thudding down and splattering like entrails, in
a monumental new installation created by artist Anish Kapoor for
his new show in Berlin.
A giant, dark sun-like red disk hovers above the
ever-growing heaps of wax splodges in “Symphony for a Beloved
Sun”, which opens Kapoor’s first major exhibit in Berlin,
running until Nov. 24 in the Martin Gropius Bau exhibition hall.
BERLIN (Reuters) – Germany’s economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession and global slowdown stunt exports and investment.
There are homegrown problems too. What hue of government will result from September elections is injecting uncertainty and foreign investors cite worries about over-regulation and Germany’s future energy mix after Chancellor Angela Merkel turned her back on nuclear power.
BERLIN, May 24 (Reuters) – Germany’s economy will recover
from a bout of winter weakness but fall well short of the
dynamic growth rates of previous years as euro zone recession
and global slowdown stunt exports and investment.
There are homegrown problems too. What hue of government
will result from September elections is injecting uncertainty
and foreign investors cite worries about over-regulation and
Germany’s future energy mix after Chancellor Angela Merkel
turned her back on nuclear power.
BERLIN, May 24 (Reuters) – German business morale improved
far more than expected in May, rebounding after two months of
falls and suggesting Europe’s largest economy is slowly picking
up speed after a sluggish first quarter.
The Munich-based Ifo think tank said on Friday its business
climate index, based on a survey of some 7,000 firms, rose to
105.7 in May from 104.4 in April. The data beat a median
forecast of 104.5 in a Reuters poll of 40 economists.
BERLIN (Reuters) – Robust private consumption helped Germany eke out meager growth in the first quarter, compensating for declines in both exports and investment, and is likely to remain a pillar of support for Europe’s largest economy this year.
Germany’s gross domestic product (GDP) rose by 0.1 percent on the quarter and shrank by 1.4 percent on the year, final seasonally adjusted data from the Statistics Office confirmed.
MUNICH/BERLIN, May 15 (Reuters) – Germany’s IG Metall
engineering union secured a deal on Wednesday for an
inflation-beating wage increase for workers in Bavaria, which
will serve as a basis for a nationwide agreement for 3.7 million
The deal signals a second year of hefty wage hikes, which
economists say will not fuel inflation unduly but could help
bolster consumption at a time when Europe’s largest economy is
under pressure from its neighbours to do more to stimulate
growth and help drag the region out of recession.
BERLIN (Reuters) – Germany just skirted a recession in the first quarter thanks to a rise in private consumption, leading some economists to cut full-year growth forecasts and underscoring how Europe’s largest economy cannot be relied on to drive a regional recovery.
Seasonally-adjusted preliminary data released on Wednesday by the Statistics Office showed the German economy growing by 0.1 percent, significantly less than a median forecast in a Reuters poll of 35 economists for expansion of 0.3 percent.