UK customers generally neglected fears about an impending Brexit deadline…
Industrial production in Germany goes down by 1.6% in February, in line with expectations
In Germany, the EU’s leading economy, the volume of industrial production in Germany headed south fell by approximately 1.6% in February compared to January, when its slump accounted for 0.1%. It follows from the data uncovered by the Ministry of Economy and Labor of Germany. The indicator has been going down for the third month in a row.
At the same time, financial analysts on average expected an increase in industrial production by approximately 0.3%.
Compared with February 2017, the volume of industrial production inched up by 2.6% versus the forecasted 4.4%.
The main reasons for the drop in the overall indicator were such factors as a reduction in construction as well as a drop in output of capital goods.
Production in the manufacturing as well as mining industry of Germany in February inched down by 2% compared with January. In February, the volume of construction in the Federal Republic of Germany headed south by 2.2%, the output of the means of production edged down by 3.1%.
In addition to this the production of consumer goods managed to inch down by approximately 1.5% compared to the previous month. At the same time, electricity generation climbed up by 4% in the face of steep cooling.
The previous year, the German economy came up with the fastest surge for the last seven years, although since early 2018, macroeconomic statistics point out to a weakening of the recovery.
On Thursday, it became known that the February surge rates of orders of German industrial enterprises didn’t manage to meet expectations.
In February, the volume of orders inched down by 0.3%. On the contrary, the consensus forecast of experts polled by Trading Economics pointed to a much more significant jump of about 1.6%.
American labor markets were still tight due to the fact that US businesses struggled to gain skilled employees and wages rallied a bit, as the Fed reported on Wednesday in its latest report on the US economy…
In February, the American trade deficit headed south to an eight-month minimum because imports from China went down, suggesting that President Donald Trump's "America First" stance was finally starting to bear fruit…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…