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Top related persons:
Alexander Krueger - 4 Maria Sheahan - 3 Friederike Heine - 2 Thomas Gitzel - 2 Hauck Aufhaeuser Lampe - 2 Miranda Murray - 2 Olaf Scholz - 1 Fabian Bimmer - 1
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Germany Hanover ThyssenKrupp Duisburg BERLIN China Hauck Aufhaeuser Lampe U.S
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Thomson - 4 REUTERS - 2 Rights - 2 VP Bank Group - 1 Federal Statistics Office - 1 Bank - 1 European Union - 1 Macroeconomics - 1

Search resuls for: "Alexander Krueger"


10 mentions found


☆ 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 industrial orders fall more than expected in July
  + stars: | 2023-09-06 | by ( ) www.reuters.com   time to read: +2 min
A steel worker of ThyssenKrupp stands amid sparks of raw iron coming from a blast furnace at a ThyssenKrupp steel factory in Duisburg, western Germany, November 14, 2022. REUTERS/Wolfgang Rattay/File Photo Acquire Licensing RightsBERLIN, Sept 6 (Reuters) - German industrial orders fell more than expected in July, pulling back after a sharp gain in the aerospace sector the previous month, the federal statistics office said on Wednesday. Incoming orders fell by 11.7% on the previous month on a seasonally and calendar adjusted basis. A turnaround is not in sight due to the weak global economy and high energy costs." Excluding large-scale orders, industrial orders would have increased by 0.3% in July.
Persons: Wolfgang Rattay, Thomas Gitzel, Alexander Krueger, Hauck Aufhaeuser Lampe, Friederike Heine, Miranda Murray, Maria Sheahan, Raju gopalakrishnan Organizations: REUTERS, Rights, VP Bank Group, Thomson Locations: ThyssenKrupp, Duisburg, Germany
☆ May retail sales bump in Germany not here to stay - analysts
  + stars: | 2023-06-30 | by ( ) www.reuters.com   time to read: +1 min
June 30 (Reuters) - German retail sales rose more than expected in May from the previous month, data showed on Friday, though analysts said the surprise rise does not indicate a change in depressed spending. The Federal Statistics Office said retail sales were up 0.4% month-on-month in real terms, beating expectations by analysts polled by Reuters that sales would remain unchanged. Compared with May 2022, sales fell 3.6% in real terms. "Even if May surprised us with an increase in retail sales and April also proved robust, the basic constellation of weak private consumption will change little for the time being," said VP Bank chief economist Thomas Gitzel, who predicted that retail sales will fall again in June compared with the month before. Alexander Krueger, chief economist at Hauck Aufhaeuser Lampe private bank, said consumers were still putting the brakes on spending due to real income losses.
Persons: Thomas Gitzel, Alexander Krueger, Hauck Aufhaeuser Lampe, Rene Wagner, Andrey Sychev, Miranda Murray, Maria Sheahan, Friederike Heine Our Organizations: Federal Statistics Office, Reuters, Bank, Thomson
☆ German exports rise unexpectedly in April on China reopening
  + stars: | 2023-06-05 | by ( ) www.reuters.com   time to read: +2 min
BERLIN, June 5 (Reuters) - German exports rose unexpectedly in April, boosted by deliveries to China following its post-pandemic reopening, but analysts warned that the momentum could be short-lived. German exports increased by 1.2% on the previous month, the federal statistics office said. Exports to China were up 10.1%, while exports to the U.S. were up 4.7% and exports to the European Union rose 4.5%, the office said. The foreign trade balance showed a surplus of 18.4 billion euros ($19.68 billion) in April, up from 14.9 billion euros the previous month. "The temporary push in exports to China will fade with time," ING's global head of macro at ING Carsten Brzeski told Reuters.
Persons: Alexander Krueger, Hauck Aufhaeuser, Claus Vistesen, ING Carsten Brzeski, Holger Schmieding, Klaus Wohlrabe, Rachel More, Maria Martinez, Kirsti Knolle, Gareth Jones Organizations: Reuters, European Union, Macroeconomics, ING, Thomson Locations: BERLIN, China, Hauck Aufhaeuser Lampe, U.S, Ifo
☆ German exports rise significantly more than expected in February
  + stars: | 2023-04-04 | by ( ) www.reuters.com   time to read: +2 min
BERLIN, April 4 (Reuters) - German exports rose significantly more than expected in February due to strong demand from the United States and China, posting their biggest increase in 10 months, data showed on Tuesday. Exports increased by 4.0% on the previous month, the federal statistics office said. A Reuters poll had predicted a month-on-month rise in exports of 1.6%. In February, exports to European Union countries rose 2.0% on the previous month, while exports to the U.S. and China increased by 9.4% and 10.2% respectively compared with January. Despite the increase, export demand still lacks momentum, Klaus Wohlrabe, head of surveys at Ifo, said.
☆ German EU-harmonised January consumer prices rise 9.2% y/y
  + stars: | 2023-02-09 | by ( Maria Martinez | ) www.reuters.com   time to read: +2 min
Summary Harmonised German consumer prices in Jan rise 9.2% y/yDownward trend in inflation expected to continue - CommerzbankCore inflation forecast to remain high, economists sayBERLIN, Feb 9 (Reuters) - German consumer prices, harmonised to compare with other European Union countries, rose by a less-than-anticipated 9.2% on the year in January, preliminary data from the federal statistics office showed on Thursday. According to non-harmonised standards, German consumer prices rose 8.7% on year in January and 1.0% on the month. "Because core inflation will remain high in 2023, a fundamental easing of inflation is not in sight," said Alexander Krueger, chief economist at Hauck Aufhaeuser Lampe Privatbank. The final results for January and all results recalculated from January 2020 onwards using the new 2020 base year will be published by the statistics office on Feb. 22. The statistics office offers a breakdown for January's figures on its website.
☆ German exports unexpectedly fall in November
  + stars: | 2023-01-05 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, Jan 5 (Reuters) - German exports unexpectedly fell in November as high inflation and market uncertainty continue to weigh on Europe's largest economy despite fading supply chain problems. Exports fell by 0.3% on the month, data from the federal statistics office showed on Thursday. November's drop comes after October's figures were revised up, to growth of 0.8% from an initially reported 0.6% fall. Shipments to Germany's top export partner, the United States, were down 1.5% on the month in November, while exports to European Union member states fell by 0.4%. "The export sector supports the prospect of a mild recession," he added.
☆ German inflation slows in December on one-off energy payment
  + stars: | 2023-01-03 | by ( Miranda Murray | ) www.reuters.com   time to read: +3 min
A one-off payment for household energy bills in December, part of government efforts to shield consumers, had a downward effect on prices, according to the statistics office. Energy prices eased somewhat in December but were still up 24.4% compared with the same period last year, while food prices had increased by 20.7%, according to the office. Germany's full-year harmonized inflation rate jumped to 8.7% in 2022 from 3.2% a year earlier, said the statistics office. "Core inflation remains the number one inflation scourge for the time being," he added, referring to a measure that excludes volatile food and energy costs. Commerzbank chief economist Joerg Kraemer also warned that core inflation had risen further and said the European Central Bank's "hesitant approach" means high inflation will stick around, despite energy relief measures.
☆ German investor morale less pessimistic than expected - ZEW
  + stars: | 2022-10-18 | by ( ) www.reuters.com   time to read: +2 min
Summary Analyst: gas price brake stabilised sentimentCurrent conditions index takes sharp tumbleOutlook has deteriorated again - ZEW presidentBERLIN, Oct 18 (Reuters) - German investor sentiment was less pessimistic than expected in October, even as the view of the current economic situation left little room for optimism following a tumble in confidence the month before. The ZEW economic research institute said on Tuesday its economic sentiment index grew slightly in October, to -59.2, from -61.9 in September, beating a forecast by analysts polled by Reuters of a reading of -65.7. In contrast, the institute's current conditions index fell by 11.7 points in October to a reading of -72.2. In its forecast released this month, the German government foresees economic growth of 1.4% this year and contraction of 0.4% next year. ZEW's indicators for euro zone sentiment and assessment of the current conditions mirrored Germany's, with sentiment up slightly in October and the situation indicator falling sharply.
☆ German inflation at highest level in over 25 years
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +2 min
Full shelves with groceries are pictured in a supermarket during the spread of the coronavirus disease (COVID-19) in Berlin, Germany, March 17, 2020. REUTERS/Fabrizio BenschSummary EU-harmonized inflation at 10.9%Energy costs up 43.9% year-on-yearAnalyst: ECB must act quickly, vigorouslyBERLIN, Sept 29 (Reuters) - German inflation was at its highest in more than a quarter of a century in September, driven by high energy prices, data showed, as analysts warned that the energy crisis has yet to make itself fully felt. Consumer prices, harmonised to make them comparable with inflation data from other European Union countries (HICP), increased by 10.9% on the year, the federal statistics office said. That was the highest reading since comparable data going back to 1996. Dwindling gas supplies from Russia have pushed energy prices, and correspondingly inflation, to highs not seen in decades, with the massive loss in consumer purchasing power adding to the likelihood that a recession is on the way.
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