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Thursday 05th of May 2011

News Tag: German

April 14, 2011

German economy continues to drive euro zone recovery

by Kay Murchie
German economy continues to drive euro zone recovery
Germany’s Economy Minister Rainer Bruederle has today said the economy will perform better than expected in 2011. According to the minister, the economy is predicted to grow by 2.6% this year - better than a previous estimate of 2.3% in January. However, growth will ease slightly in 2012, slowing to 1.8%, said Mr Bruederle. The growth forecast comes shortly after the country’s ...



January 18, 2011

German analyst and investor confidence jumps in January

by Kay Murchie
”German
The Zew economic sentiment index has revealed German analyst and investor confidence surged in January. The index, which measures expectations of economic activity over the next six months, jumped to 15.4 points in January, from 4.3 last month. The reading wash much higher than analysts had expected and represented the highest level since July 2010. The index was based on a ...



December 17, 2010

German business confidence at all time high

by Kay Murchie
”German
The Munich-based Ifo think tank today announced confidence among German firms rose in December to a record high. The Business Climate Index rose to 109.9 in December, up from 109.3 the previous month. Not only did the reading exceed expectations of 109.4, it represented the seventh consecutive increase. The closely-watched expectations index also rose to a record level - edging up to ...



February 23, 2010

German business confidence hit by cold weather

by Kay Murchie
German business confidence hit by cold weather
The Munich-based Ifo think tank today announced confidence among German firms has unexpectedly fallen for the first time in 10 months. The Business Climate Index fell from 95.8 in January to 95.2 in February - analysts had expected a rise. The euro dipped after the news but according to Hans-Werner Sinn, the Ifo's president, business sentiment will rise again as the weather ...



January 26, 2010

German business confidence surges in January

by Kay Murchie
German business confidence surges in January
The Munich-based Ifo think tank today announced that confidence among German firms has risen to its highest level in 18 months. The Business Climate Index rose for the tenth consecutive month from 94.6 in December to 95.8 in January - exceeding analysts expectations. In the meantime, business expectations, which form part of the index, increased to 100.6 from 98.9 - the highest reading ...



October 20, 2009

82-year-old Quelle goes bust with loss of 7,000 jobs

by Kay Murchie
”82-year-old
German mail-order company Quelle is to close down after more than 80 years of trading with the loss of 7,000 jobs. The company spent years revolutionising the country's retail landscape but has failed to spot customers' move to online shopping and has subsequently collapsed after attempts to sell the firm failed. According to services union, Verdi, all workers at ...



April 30, 2009

German unemployment rises for sixth consecutive month

by Peter Charalambous
”German
In April, German unemployment increased for the sixth consecutive month, by 58,000 to 3.46 million, which takes the unemployment rate to its highest level in nearly two years. April’s official figure, released by the Federal Labour Agency, is better than analysts have predicted with 70,000 job cuts predicted in the latest poll. Frank-Juergen Weise of the German labour office said that the ...