Germany's Federal Statistical Office (Destatis) confirmed the 0.1 % contraction of Gross Domestic Product in the second quarter of 2024.
Ruth Brand, president of Destatis, noted that this contraction comes after a slight increase of 0.2 % in the previous quarter.
Analysts, including the Federal…
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Inflation in Germany shows decline to 6.1 % in May
The inflation rate fell significantly in Germany in May to 6.1 %, the lowest level in more than a year, the Federal Statistical Office (Destatis) reported today based on preliminary data.
The increase in consumer prices thus lost pace for…
Germany produces more energy from coal and wind
Electricity generation in Germany registered a change in the first half of the year, with a greater share of coal and renewable resources and a decline in gas, the Federal Statistical Office reported today.
Nearly a third of the…
German exports slowed their growth in October to 0.8 %
German exports registered a monthly growth of 0.8 % in October, reaching 112,000 million euros, the lowest since April, while compared to the same month of 2019, German sales abroad fell by 6.5 % year-on-year, as reported by the Federal…
Inflation in Germany slowed down during October
The annual inflation rate of consumer prices of goods and services in Germany slowed down even further in October and stood at 1.1%, the Federal Statistical Office (Destatis) announced today to confirm preliminary data.
In September, the…