Wake-up call. Global events have finally reached German companies’ boardrooms, writes Carsten Brezski, Chief Economist at ING-DiBa. At least this is one conclusion of today’s Ifo reading. Germany’s most prominent leading indicator, the just released Ifo index, dropped to 105.7 in February, from 107.3 in January; the third decline in a row and the lowest […]
ECB Can’t Get No, Satisfaction, From The German, CPI Data…
Inflationary pressure in Germany remains low. Based on the results of several regional states, German headline inflation increased to 1.4% YoY in December, from 1.3% in November. On the month, German prices increased by 0.4% MoM. Based on the harmonised European definition (HICP), headline inflation decreased to 1.2%, from 1.6% in November. On the month, […]
Bah! Humbug! German New Orders Disappoint
Still zig-zagging. Festive cheer is lacking as new figures show German new orders disappointed in October, dropping by 2.2% MoM, from a 3.1% increase in September. On the year, new orders are still up by 1.9%. The drop was broadly driven by weaker foreign and domestic demand. German new orders have been on a zig-zag […]
Germany (almost) Has A New Government
Early this morning, the two Christian-democratic parties (CDU and CSU) and the social-democratic SPD reached a final coalition deal. Details of the deal will only be presented later today. Up to now, the only settlements known are a deal on a minimum wage of 8.50 (with some exemptions), a reduction of the retirement age to […]
Cummins Launches Green Power System Campaign
Cummins Power Generation, a leading global manufacturer of power generation systems, has launched a new initiative to help engineers and specifiers understand how they can future-proof their facilities with low-emission power systems. The new initiative includes the launch of http://now.cumminspower.com/greenprint, a digital video channel using an ambitious “talking heads” advertising campaign. The campaign demonstrates Cummins […]