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Jan 8, 2013

German trade, industry data point to economy shrinking

BERLIN, Jan 8 (Reuters) – More evidence of sliding German
exports and industry orders on Tuesday compounded concerns that
the euro zone crisis may have battered the region’s largest
economy into contraction at the end of last year.

German imports and exports slid in November, narrowing the
trade surplus, and industry orders fell more than expected.

Jan 8, 2013

Gloomy German trade data points to Q4 contraction

BERLIN (Reuters) – German imports unexpectedly slumped in November and exports also slid sharply, narrowing the trade surplus, in a further sign the euro zone crisis led to a fourth quarter contraction in the region’s largest economy.

Imports slid 3.7 percent, while exports fell 3.4 percent, data from the Federal Statistics Office showed on Tuesday. Economists polled by Reuters had expected imports to increase by 0.4 percent and shipments abroad to drop 0.5 percent.

Jan 3, 2013

German and Spanish jobs: To have and have-not

MADRID/BERLIN, Jan 3 (Reuters) – Anyone needing a New Year
reminder of the divide that has been threatening to tear apart
the 17-nation euro zone need only look at Thursday’s German and
Spanish jobs data.

To the north, work. To the south, unemployment.

The number of Germans out of work actually rose for the
ninth month running in December, reflecting some of the strains
of the euro zone debt crisis on Europe’s largest economy.

Jan 3, 2013

German unemployment edges up but holds near lows

BERLIN, Jan 3 (Reuters) – Numbers of Germans out of work
rose for the ninth month running in December but held close to a
post-reunification low, adding to signs Europe’s largest economy
remains relatively unscathed by the region’s crisis.

Labour Office data showed the jobless figure rose by 3,000
in seasonally-adjusted terms to 2.942 million, much lower than
the consensus forecast in a Reuters poll of 23 economists for a
rise of 10,000..

Dec 13, 2012

Germany’s Ifo nearly halves 2013 growth forecast

BERLIN, Dec 13 (Reuters) – German economic think tank Ifo on
Thursday nearly halved its forecast for 2013 growth in Europe’s
largest economy to 0.7 percent but said domestic demand would
help it pick up next year after a brief contraction this

Ifo said it was cutting its forecast from its June estimate
of 1.3 percent growth as the euro zone’s debt crisis had hit the
economy later than expected, delaying the recovery.

Nov 30, 2012

German retail sales fall more than expected in Oct

BERLIN, Nov 30 (Reuters) – A bigger than expected drop in
German October retail sales dented hopes on Friday that private
consumption could compensate for the impact of the euro zone
crisis on export activity in Europe’s largest economy.

The notoriously volatile retail indicator was down 2.8
percent on the month in real terms and 0.8 percent on an annual
basis, preliminary data showed on Friday. Economists polled by
Reuters had forecast retail sales would fall by 0.2 percent on
the month and gain 1.2 percent on the year.

Nov 28, 2012

Fed’s Evans wants more easing, Fisher wants limits

TORONTO/BERLIN Nov 27 (Reuters) – Deep divisions at the
Federal Reserve were on display on Tuesday, just two weeks
before the U.S. central bank’s next policy-setting meeting, with
one top Fed official pushing for more easing, and another
advocating limits.

The divide underscores the hurdles Fed Chairman Ben Bernanke
faces as he tries to win consensus among his fellow policymakers
on the central bank’s sometimes controversial efforts to bring
down the nation’s lofty unemployment rate, which registered 7.9
percent last month.

Nov 25, 2012

German Pirates Party struggles to define policy and stay afloat

BOCHUM, Germany (Reuters) – Germany’s fast-sinking Pirates Party struggled to overcome infighting at a congress that ended on Sunday and chart a course for next year’s federal elections that may see it cast into political oblivion as swiftly as it arrived.

Support for the Pirates, who surprisingly won seats in four states over the past year, has shrunk to around a quarter of its peak. Their demise could help the centre left recover enough votes to oust conservative Chancellor Angela Merkel.

Nov 24, 2012

German Pirate party apologizes for leadership shipwreck

BOCHUM, Germany (Reuters) – The leader of Germany’s Pirates, whose shock success in four state elections thrust it onto the political stage, apologized on Saturday for the fierce infighting that has contributed to a plunge in popularity and called for unity.

The Pirates have seen support drop from 13 percent six months ago to under 5 percent now, the threshold needed for it to enter parliament at next year’s federal election.

Nov 14, 2012

Insight: The Mittelstand – one German product that may not be exportable

BERLIN (Reuters) – Philipp Klais, who runs the organ manufacturer in Bonn that his great-grandfather founded in 1882, gets requests every week from foreign officials as far away as Korea to visit his company. This baffles him.

“They want to find the secret to our success,” said Klais, whose organs stand in concert halls and churches from Taiwan to Argentina, as well as in Germany. “But we don’t see any, we just do what we do, and have been doing for the past 130 years.”

    • 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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