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Top related persons:
Jens - 2 Oliver Niklasch - 2 Olaf Scholz - 1 Fabian Bimmer - 1 Alexander Krueger - 1 Hauck Aushaeuser Lampe - 1 LBBW - 1 Friederike Heine - 1
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Search resuls for: "Oliver Niklasch"


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☆ German industrial output falls more than expected in July
  + stars: | 2023-09-07 | by ( ) www.reuters.com   time to read: +2 min
A Continental employee works at a tyre retreating station before the visit of German Chancellor Olaf Scholz, in Hanover, Germany April 17, 2023. REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsBERLIN, Sept 7 (Reuters) - German industrial production fell by slightly more than expected in July, the federal statistics office said on Thursday, underlining the challenges faced by the sector after a winter downturn in Europe's largest economy. Production fell by 0.8% in July compared to the previous month. In the less volatile three-month comparison, production between May and July was 1.9% lower than the previous three months, the data showed. Jens-Oliver Niklasch of LBBW said Thursday's data underscored "the continued crumbling of the economy" and predicted the third quarter would bring a decline in economic output.
Persons: Olaf Scholz, Fabian Bimmer, Alexander Krueger, Hauck Aushaeuser Lampe, Jens, Oliver Niklasch, LBBW, Friederike Heine, Maria Sheahan, Christina Fincher Organizations: REUTERS, Rights, Reuters, Thomson Locations: Hanover, Germany
☆ German economy faces uphill climb as industrial output falls
  + stars: | 2023-07-07 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, July 7 (Reuters) - A swift economic recovery for Germany appeared less likely on Friday as data showed a surprise fall in industrial production. Output fell by 0.2% in May compared with the previous month, the federal statistical office said. The industrial production data was a reminder of the uphill climb in Europe's biggest economy if it is to shake off recession, after a surprise increase in May orders fuelled some optimism on Thursday. "We may just see stagnation in the second quarter, but much more likely a renewed decline in economic output," he added. The office offers a breakdown of the data on industrial production on its website.
Persons: Carsten Brzeski, Brzeski, Jens, Oliver Niklasch, Anna Mackenzie, Rene Wagner, Rachel More, Miranda Murray Organizations: Reuters, ING, Thomson Locations: BERLIN, Germany, Ukraine
☆ German producer prices unexpectedly fall in October
  + stars: | 2022-11-21 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, Nov 21 (Reuters) - German producer prices fell unexpectedly on the month in October, due primarily to a dip in prices for electricity and distributed natural gas, according to data released on Monday. Producer prices of industrial products fell 4.2% on the month, theFederal Statistical Office reported, compared with economists' expectations for a rise of 0.9%. October marks the first month-on-month decrease in producer prices, considered a leading indicator for consumer prices, since May 2020. Electricity prices were down 16.9% across all customer groups compared with September 2022, while prices of natural gas were down 9.0%, according to the office. Germany's consumer prices, harmonised to compare with other European countries, were 11.6% higher year-on-year in October.
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