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Ruth Brand - 3 Brand - 2 Olaf Scholz - 1 ” - 1 Kai Pfaffenbach - 1 Thomas Gitzel - 1 Miranda Murray - 1 Linda Pasquini - 1
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Search resuls for: "Ruth Brand"


5 mentions found


☆ Germany's economy shrinks by 0.3% in 2023
  + stars: | 2024-01-15 | by ( ) www.cnbc.com   time to read: +1 min
German Chancellor, Olaf Scholz arrives for the weekly federal government cabinet meeting on Oct. 11, 2023 in Berlin, Germany. Europe's largest economy contracted by 0.3% year-on-year in 2023, as high inflation and firm interest rates bit into growth, the Federal Statistical Office of Germany said Monday. "The overall economic development in Germany stalled in 2023 in the still crisis-ridden environment," said Ruth Brand, president of the federal statistics office, according to a Google translation. "Despite the recent declines, prices remained high at all levels of the economy. Added to this were unfavorable financing conditions due to rising interest rates and lower demand from home and abroad," Brand added.
Persons: Olaf Scholz, Ruth Brand, Brand Organizations: Federal, Office, Germany, Reuters Locations: Berlin, Germany, Europe's
☆ Germany, Europe’s biggest economy, shrank last year
  + stars: | 2024-01-15 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +1 min
Gross domestic product was 0.3% lower in 2023 than in the previous year, according to Germany’s Federal Statistical Office (Destatis). “Overall economic development faltered in Germany in 2023 in an environment that continues to be marked by multiple crises,” Destatis president Ruth Brand said in a statement. GDP in the fourth quarter also fell by 0.3% on the previous quarter, according to a prelininary estimate from the statistics office. Although inflation has eased, prices remain high throughout the economy and have put a damper on economic growth, Brand added. Output in the euro area shrank slightly in the third quarter of 2023.
Persons: ”, Ruth Brand, Brand Organizations: London CNN, Gross, Federal, Office Locations: Germany
☆ Germany's economy shrinks slightly in third quarter
  + stars: | 2023-11-24 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing RightsBERLIN, Nov 24 (Reuters) - Germany's economy shrank slightly in the third quarter compared with the previous three months, data from its statistics office showed on Friday. The figure confirmed an initial estimate, published in late October, that saw Europe's largest economy shrink by 0.1%. In the second quarter, Germany's economy had grown by 0.1% after stagnating in the first three months of the year. Private consumer spending, which accounts for about two-thirds of GDP, was 0.3% lower than in the previous quarter, the statistics office said. The Bundesbank said in its monthly economic report on Monday that the German economy will likely shrink again in the fourth quarter and show signs of slight improvement early next year.
Persons: Kai Pfaffenbach, Ruth Brand, Thomas Gitzel, Miranda Murray, Linda Pasquini, Jamie Freed Organizations: REUTERS, Rights, Bank, Thomson Locations: Frankfurt, Germany, Europe
☆ German inflation remains high at start of year
  + stars: | 2023-02-22 | by ( Maria Martinez | ) www.reuters.com   time to read: +2 min
Compared with December, prices increased by 0.5%, it added, confirming preliminary data on both a monthly and annual basis. "Following a slowdown at the end of last year, the inflation rate thus remains at a high level," said Ruth Brand, president of the German statistics office. Excluding energy prices, the inflation rate stood at 7.2% in January. "The rate of food price increase thus was more than twice the overall inflation rate again," the statistics office said. Prices of goods were up 12.7% on year in January and services prices increased 4.5% on year.
☆ German EU-harmonised consumer prices up 9.2% y/y in January
  + stars: | 2023-02-22 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, Feb 22 (Reuters) - German consumer prices, harmonised to compare with other European Union countries, rose by 9.2% on the year in January, data from the federal statistics office showed on Wednesday. Compared with December, prices increased by 0.5%, it added, confirming preliminary data on both a monthly and annual basis. According to non-harmonised standards, German consumer prices rose 8.7% on the year in January and 1.0% on the month. "Following a slowdown at the end of last year, the inflation rate thus remains at a high level," said Ruth Brand, president of the German statistics office. Energy product prices were 23.1% higher year-on-year despite government relief measures, while food prices increased 20.3% on year.
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