Cost of Borrowing Euro Stable
The December 2023 Euro area bank interest rate statistics show that the cost of borrowing for new loans to corporations remained unchanged at…
German Beer Sales Drop 4.5% in 2023, Continuing Long-Term Decline
Der Bierabsatz in Deutschland ist im Jahr 2023 um 4,5% gesunken. Der Inlandsabsatz ging um 4,2% zurück und die Bierexporte waren um 5,9%…
Germany CPI Lowest Since June 2021
The inflation rate in Germany is expected to be +2.9% in January 2024. This is the lowest value since June 2021. Consumer prices…
Contactless Payments Grow in Europe
In the first half of 2023, the total number of non-cash payments in the euro area increased by 10.1% compared to the same…
Modest Rise in German Employment
According to the German Federal Statistical Office (DESTATIS), the number of employed people in Germany in December 2023 increased by 0.4% compared to…
German Import Prices Lower
The import prices in December 2023 were 8.5% lower compared to December 2022, marking the strongest decline since 2009. The annual average for…
German Retail Weak in 2023
According to the German Federal Statistical Office, the retail turnover in Germany in 2023 was 3.3% lower than in 2022. The Christmas season…
ECB Looks at Climate Risk
The European Central Bank (ECB) is increasing its focus on climate-related risks and the green transition. The ECB will review its climate actions…
German Economy Shrinks
The German gross domestic product (GDP) decreased by 0.3% in the fourth quarter of 2023 compared to the previous quarter. The overall economic…
German Homes Need Less Heat than 20 Years Ago
Private households in Germany have reduced their CO2 emissions from heating by 12% over the past 20 years. In 2021, approximately 147 million…