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Sep 5, 2013

German July industry orders fall, but recovery trend intact

BERLIN (Reuters) – German industrial orders fell more than expected in July but a sharp upward revision for the previous month suggested the industrial sector in Europe’s largest economy has extended its recovery into the third quarter.

A plunge in euro zone orders for capital goods drove a 2.7 percent drop in industry orders in July, seasonally adjusted data from the Economy Ministry showed on Thursday, missing the consensus forecast in a Reuters poll for a 1 percent fall.

Sep 2, 2013

Former Nazi guard goes on trial for murder of resistance fighter

BERLIN (Reuters) – A 92-year-old who served in the Waffen-SS, Adolf Hitler’s elite Nazi troops, goes on trial on Monday in the western city of Hagen on charges of having shot in the back and killed a Dutch resistance fighter at the end of World War Two.

Although an international military tribunal put some of the most infamous Nazi leaders on trial soon after World War Two in the Nuremburg Trials, Germany has a patchy record on bringing its Nazi war criminals to justice.

Aug 31, 2013

Merkel urges more market rules, co-opts challenger’s pet issue

BERLIN (Reuters) – German Chancellor Angela Merkel said she would push the G20 to make more progress on regulating financial markets and cracking down on tax evasion, co-opting signature policy issues of her main challenger in September’s elections.

Merkel, who confronts leftist leader Peer Steinbrueck in a TV duel on Sunday, said she wanted to urge leaders of the G20 top world economies to agree a time frame for steps towards tighter regulation of the so-called “shadow banking” sector.

Aug 29, 2013

German inflation eases, job market robust in August

BERLIN (Reuters) – German inflation eased in August and the unemployment rate stayed near its lowest level since the country reunified more than two decades ago although slightly more people were out of work due in part to a summer lull.

A solid jobs market in Europe’s largest economy combined with wage hikes and easing price pressures should help conservative Chancellor Angela Merkel, who is hoping to win a third term in a vote on September 22.

Aug 28, 2013

German consumer morale eases from six-year high: GfK

BERLIN (Reuters) – German consumer confidence eased slightly heading into September, albeit remaining close to its highest level in nearly six years, as shoppers worried about creeping inflation.

GfK market research group said on Wednesday its forward-looking sentiment indicator, based on a survey of around 2,000 people, fell to 6.9 going in to September from 7.0 in the previous month, its highest level since before the global financial crisis.

Aug 28, 2013

German consumer morale eases from 6-yr high – GfK

BERLIN, Aug 28 (Reuters) – German consumer confidence eased
slightly heading into September, albeit remaining close to its
highest level in nearly six years, as shoppers worried about
creeping inflation.

GfK market research group said on Wednesday its
forward-looking sentiment indicator, based on a survey of around
2,000 people, fell to 6.9 going in to September from 7.0 in the
previous month, its highest level since before the global
financial crisis.

Aug 8, 2013

Revival in German industry bodes well for bumper Q2 growth

BERLIN, Aug 8 (Reuters) – A rebound in Germany’s mighty
industrial sector from a weak winter has probably fuelled strong
growth in the wider economy which could help to pull the euro
zone out of recession.

If low unemployment and wage increases produce similarly
robust consumption, all bodes well for bumper GDP growth of
between 0.6 and 1 percent when second quarter figures are
published next week, economists predict.

Aug 7, 2013

German industry output surges at fastest pace in nearly two years

BERLIN (Reuters) – German industry output rebounded in June, surging at its fastest pace in nearly two years, official data showed on Wednesday, in a sign the manufacturing sector is once again powering growth in Europe’s largest economy.

Coming on the heels of data showing the strongest rise in industrial orders since October, the Economy Ministry figures showed a 2.4 percent jump in output on the month, surpassing even the highest forecast in a Reuters poll of 39 economists. The consensus estimate was for a 0.3 percent gain.

Aug 6, 2013

IMF warns Germany against excessive fiscal consolidation

BERLIN (Reuters) – The IMF warned Germany on Tuesday against being overly ambitious in consolidating its budget given risks to growth in Europe’s largest economy, which has not decoupled from the rest of the crisis-hit euro zone.

The International Monetary Fund, which kept its forecast for 0.3 percent German growth this year, said it welcomed Berlin’s modest loosening of fiscal policy to boost domestic demand. That is seen driving expansion in the traditionally export-led economy.

Jul 31, 2013

Drop in German joblessness to bolster consumption

BERLIN (Reuters) – German joblessness unexpectedly dropped in July on a seasonally adjusted basis and the unemployment rate remained close to its lowest level since Germany reunited more than two decades ago, suggesting private consumption will continue to buoy growth.

Labour Office data showed the number of people out of work fell for the second consecutive month, easing by some 7,000 to 2.934 million in July. This compared with the consensus forecast in a Reuters poll of 29 economists for it to remain unchanged.

    • 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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