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The Latest Breaking News from Destatis

German Economy Shrinks Again Amid Political Crisis

Germany's economy shrank for a second straight year in 2024, official figures showed Wednesday, with little hope of a speedy recovery as Europe's traditional powerhouse is also mired in political crisis.

International Business Times

German GDP Downgraded In New Blow For Struggling Economy

German third-quarter growth was downgraded Friday with official data showing it expanded even more weakly than previously thought, in a new blow for Europe's top economy as it battles multiple headwinds.

International Business Times

Germany can't get its hands on important economic indicators because of a long-due tech update

A tech overhaul at Germany's Destatis has meant that Europe’s largest economy hasn’t been able to publish some key economic data points since May.

Fortune

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Pound hits two-year high against US dollar; White House ‘pressured’ Facebook on Covid-19 content – as it happened

Live coverage of business, economics and financial markets as Federal Reserve rate cuts drive US dollar lower

The Guardian - UK

German Economy Unexpectedly Shrinks In Second Quarter

The German economy unexpectedly shrank in the second quarter, preliminary data showed Tuesday, falling further behind as a recovery takes hold elsewhere across the eurozone.

International Business Times

German Economy Shrank At End Of 2023: Data

The German economy contracted at the end of 2023, official data showed Tuesday, the latest gloomy news for Europe's export powerhouse as it battles high inflation and a manufacturing slowdown.

International Business Times

German Economy Shrank In 2023 On Energy, Export Woes

The German economy shrank slightly in 2023, official data showed Monday, as costly energy, high interest rates and cooling foreign demand took their toll on Europe's export giant.

International Business Times

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Germany in recession as inflation, higher interest bite

Berlin (AFP) - Germany fell into a recession around the turn of the year, official figures published Thursday showed, as inflation and higher interest rates curbed demand in Europe's largest economy.

AFP

John Lewis boss Sharon White wins staff confidence vote; US inflation slows to 4.9% – as it happened

Staff criticise retail performance, as John Lewis boss pledges group will always remain employee-owned

The Guardian - UK

German recession fears rise as factory orders plummet

Frankfurt (Germany) (AFP) - Industrial orders at German factories saw their biggest fall in March since the outbreak of the Covid pandemic in 2020, data showed Friday, the latest sign that Europe's biggest economy is facing a steep downturn.

AFP

German economy stagnates, teeters on brink of recession

Frankfurt (Germany) (AFP) - Germany is teetering on the brink of recession after official data Friday showed growth stagnating in the first quarter despite expectations for a slight rebound, as the energy crisis weighed on Europe's top economy.

AFP

China remains Germany's biggest trade partner in 2022

Frankfurt (Germany) (AFP) - China was Germany's biggest trading partner in 2022 for the seventh year in a row, figures published Thursday showed, as policymakers worry about economic over-reliance on Beijing.

AFP

German economy holds up in 2022 despite Ukraine war fallout

Frankfurt (Germany) (AFP) - The German economy grew a better-than-expected 1.9 percent last year, official data showed Friday, as government relief measures cushioned Europe's export giant from an energy crisis triggered by the war in Ukraine.

AFP

German economy holds up in 2022, despite Ukraine war fallout

Berlin (AFP) - The German economy grew a better-than-expected 1.9 percent in 2022, official data showed Friday, as government relief measures cushioned Europe's export giant from an energy crisis triggered by the Ukraine war.

AFP

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AFP

German inflation drops on gas bill subsidy

Frankfurt (Germany) (AFP) - German inflation eased in December for a second straight month, preliminary data showed Tuesday, as government interventions helped bring down energy prices.

AFP

German inflation unexpectedly slows in November

Frankfurt (Germany) (AFP) - German inflation unexpectedly slowed in November after months of increases, preliminary data showed Tuesday, as sky-high energy prices begin to ease.

AFP

Inflation in Germany, Spain climbs again in May

Frankfurt (AFP) - Germany and Spain on Monday reported another jump in inflation in May as the war in Ukraine continued to push up food and energy prices, heaping pressure on the European Central Bank to speed up interest rate rises.

The Guardian - UK

Crossrail to finally open; German exports to Russia plunge; climate protests at Barclays AGM – as it happened

London’s Elizabeth line finally launching, while German exports to Russia fell nearly two-thirds in March and climate activists have disrupted two bank AGMs

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AFP

Ukraine war drives German inflation, darkens growth outlook

Frankfurt (AFP) - Inflation in Germany has surged to a post-reunification high, data showed Wednesday, as the war in Ukraine sent energy prices soaring and diminished the prospects for growth in Europe's largest economy.

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