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Nov 8, 2012

German exports fall as euro zone demand shrivels

BERLIN (Reuters) – German exports slid in September at the fastest pace since late last year, hit by declining demand among its crisis-wracked euro zone trading partners.

Imports also fell, adding to evidence that the crisis is inflicting a heavy toll on the currency bloc’s largest economy.

Nov 7, 2012

German industry sputters as euro zone crisis weighs

BERLIN (Reuters) – German manufacturing, the locomotive of Europe’s largest economy, is running out of steam three years into the euro zone debt crisis, which has clobbered orders and output.

Data on Wednesday showed output slid by 1.8 percent on the month in September, more than forecast and the sharpest drop since April. A day earlier, data had shown industrial orders fell 3.3 percent month-on-month in September.

Nov 7, 2012

German economy sputters as euro zone crisis bites

BERLIN (Reuters) – German industrial output fell more than forecast in September and the government’s economic advisers said the economy would grow by just 0.8 percent this year and next as Europe’s largest economy gets dragged deeper into the euro zone crisis.

Recent data from Germany, Europe’s growth locomotive and paymaster, has been largely disappointing, with business sentiment worsening, the private sector contracting, joblessness rising and industrial orders falling at their sharpest rate in a year, though consumer morale has held up and exports have leapt.

Nov 7, 2012

German advisers criticise government spending plans

BERLIN, Nov 7 (Reuters) – Germany must do more to
consolidate its budget given a darkening outlook, the country’s
panel of economic advisers said on Thursday.

The group, traditionally known as the “wise men”, criticised
the social welfare plans Chancellor Angela Merkel’s cabinet
agreed ahead of next year’s federal elections.

Oct 31, 2012

German finance minister sees balanced budget by 2014

BERLIN, Oct 31 (Reuters) – Germany has its sights on a
balanced budget by 2014 but strong recent growth in tax revenues
will tail off from next year, Finance Minister Wolfgang
Schaeuble said on Wednesday.

Germany’s income from tax receipts should be 5.8 billion
euros higher than previously forecast in 2012, the Finance
Ministry said on Wednesday, although it will inch below previous
estimates in three of the following four years.

Oct 5, 2012

German industry orders slide on weak domestic demand

BERLIN (Reuters) – German industrial orders dropped in August as a slide in domestic demand outweighed an improvement in euro zone contracts, denting hopes that domestic appetite will sustain growth in Europe’s largest economy.

Seasonally and price-adjusted order intake dipped 1.3 percent on the month, missing by a wide margin the mid-range forecast in a Reuters poll for a 0.5 percent drop. Domestic bookings tumbled 3.0 percent.

Sep 9, 2012

German MP makes new court complaint against euro plans

BERLIN, Sept 9 (Reuters) – A lawmaker from Angela Merkel’s
conservatives has lodged a new complaint with Germany’s top
court over euro zone bailouts, but legal experts and MPs say
this is unlikely to prevent the court from making a key ruling
on the bloc’s rescue fund this week.

Germany’s constitutional court holds the fate of the euro in
its hands when it rules on Wednesday whether the European
Stability Mechanism (ESM) can go ahead, after already holding it
up for several months.

Sep 9, 2012

German lawmaker makes new court complaint against euro measures

BERLIN (Reuters) – A lawmaker from Angela Merkel’s conservatives has lodged a new complaint with Germany’s top court over euro zone bailouts, but legal experts and MPs say this is unlikely to prevent the court from making a key ruling on the bloc’s rescue fund this week.

Germany’s constitutional court holds the fate of the euro in its hands when it rules on Wednesday on whether the European Stability Mechanism (ESM) can go ahead, after already holding it up for several months.

Sep 7, 2012

German exports, imports and industrial production climb

BERLIN (Reuters) – German exports and imports edged up in July and industrial output rose unexpectedly, showing sustained resilience in Europe’s largest economy to the euro zone crisis, but economists expect to see increased signs that business is now flagging.

Data from the Federal Statistics Office showed exports and imports from Europe’s growth engine inched up a seasonally adjusted 0.5 percent and imports gained 0.9 percent in July, boosting expectations that domestic demand will carry the German economy through the debt crisis and a global slowdown in demand.

Aug 14, 2012

German GDP growth slows as possible contraction looms

BERLIN, Aug 14 (Reuters) – The German economy grew 0.3
percent in the second quarter, slightly more than expected,
although economists said the euro zone crisis and slowing global
growth may push the country into a contraction soon.

Preliminary data from the Statistics Office showed that
exports to countries outside of Europe and a pickup in
consumption compensated for investment weakness linked to the
euro zone’s problems in April-June.

    • About Sarah

      "Sarah covers economic and political news from Argentina as part of the Reuters Latin America reporting team. The focus this year is on a shift in policy ahead of key elections in late 2015 and signs of a slowdown in an economy marked by one of the world’s highest inflation rates. Sarah moved to Buenos Aires in 2014 from Berlin, where she reported on Europe’s largest economy for five years during the euro zone debt crisis. She joined Reuters as a graduate trainee in the London HQ in 2007 and has also done assignments in Frankfurt and Vienna. ..."
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