German retail sales slump signals weak start to third quarter reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Reuters, Berlin
Tue Jul 27, 2021 12:00 AM
The skyline with the financial district is photographed during sunset in Frankfurt, Germany as the spread of the coronavirus disease continues. Photo: REUTERS/FILE >
The skyline with the financial district is photographed during sunset in Frankfurt, Germany as the spread of the coronavirus disease continues. Photo: REUTERS/FILE
German business morale fell unexpectedly in July on continuing supply chain worries and amid rising coronavirus infections, a survey showed on Monday, the first decline since January.
The Ifo institute said its business climate index fell to 100.8 from a revised figure of 101.7 in June and versus a Reuters poll forecast of 102.1.
German business morale down on supply shortages, virus fears reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
EUR/USD Exchange Rate Rises on Rising German Exports in April The Euro to US Dollar exchange rate rose today following the release of the latest German The Euro to US Dollar exchange rate rose today following the release of the latest German export data, which continued its recovery in April despite continued lockdown restrictions. The pairing is currently fluctuating around $1.21.
German industrial orders surge on strong domestic demand
06 May 2021 Picture used for illustrative purpose. Strong domestic demand for consumer goods propelled a bigger than expected jump in German industrial orders in March, data showed on Thursday in a sign that manufacturers will support a recovery once supply and delivery bottlenecks are overcome.
The German economy, Europe’s largest, shrank by 1.7 per cent in the first quarter as restrictions to contain the coronavirus stifled private consumption and chip shortages held back production in the automobile industry.
The data published by the Federal Statistics Offices showed orders for industrial goods ‘Made in Germany’ jumped on the month by 3% in seasonally adjusted terms.