#ralph solveen

Germany’s industrial production dropped unexpectedly in October driven by weakness across major sectors except energy. Industrial production fell 1.4 percent month-on-month in October, following a revised 0.9 percent drop in September, data from Destatis showed Thursday. This was the second straight decline in output. Production was forecast to grow 0.9 percent. Excluding energy and construction,…

Germany's Industrial Output Declines In September

Germany’s industrial production declined more-than-expected in September, but the output expanded for the third quarter as a whole, signaling a robust underlying trend. Industrial production fell 1.6 percent month-on-month in September, in contrast to August’s 2.6 percent increase, data from Destatis showed Tuesday. This was the biggest fall since December 2016, when output decreased 1.8 percent.…

German Factory Orders Grow Unexpectedly In September

Germany’s factory orders increased unexpectedly in September driven by foreign demand, while domestic orders remained weak. Factory orders grew 1 percent month-on-month in September, but slower than August’s revised 4.1 percent increase, data from Destatis revealed Monday. This was the second consecutive rise and came in contrast to the expected decrease of 1.1 percent. Excluding major orders in…

German Factory Orders Fall Unexpectedly On Weak Domestic Demand

German factory orders declined unexpectedly in July on weak domestic bookings and stagnant demand from foreign markets. Factory orders fell 0.7 percent month-on-month in July, in contrast to a revised 0.9 percent rise in June, figures from Destatis revealed Wednesday. This was the first fall in three months. Orders were forecast to climb 0.2 percent in July. Domestic orders slid 1.6 percent,…

German Industrial Output Falls Unexpectedly In June

German industrial production decreased unexpectedly in June, which was the first fall this year, as all sectors except energy experienced contraction. Industrial output fell 1.1 percent month-on-month in June, in contrast to a 1.2 percent rise seen in May, data from Destatis revealed Monday. Production declined for the first time in six months, while economists had forecast a modest 0.1 percent…

German Economy Likely To Grow Substantially In Q2: Commerzbank

German economy will probably grow appreciably also in the second quarter, Commerzbank analyst Ralph Solveen said, citing the bank’s Early Bird indicator. The economist observed the environment remains very positive for the economy, despite some headwinds recently from the euro. Apart from special factors such as the different situation of the Easter holidays, there is currently no reason why the…

German Industrial Production Rebounds In June

Germany’s industrial production recovered in June, but the decline in output over the second quarter signals the least contribution to economic growth, leaving private spending as a source for expansion. Industrial production climbed 0.8 percent from May, when it fell by a revised 0.9 percent, data from Destatis showed Monday. This was the fastest growth in five months. Economists had forecast a…