January German Agricultural Producer Prices 7.7% Lower YOY
In January 2024, agricultural producer prices were 7.7% lower than in January 2023, with plant products down 3.0% and animal products down 10.7%.…
Modest Increase in Germany’s Public School Spending Per Student
Public schools in Germany spent an average of 9,500 euros per student in 2022, a 4% increase from 2021, with most of the…
Rheinmetall Secures €208 Million Deal for Artillery Ammunition with Spanish Army
Rheinmetall, the world' leader in artillery ammunition manufacturing, Wednesday said it clinched a significant €208 million contract with the Spanish government.
ECB’s Relocation to Gallileo Building Preserves Frankfurt’s English Theatre
The ECB's move to the Gallileo building is a powerful example of how corporate decisions can have a lasting impact on cultural heritage.…
Growth of Settlement and Traffic Areas in Germany Decreased Mildly
Destatis said Tuesday that the average daily growth of settlement and traffic areas in Germany decreased to 52 hectares per day from 2019…
German Inflation Rate Eases to 2.5% in February 2024 – Lowest in 3 Yrs
German Federal Statistical Office press release states inflation rate in February 2024 at +2.5%.
German Brick-And-Mortar Retail Revenue Down 35% Over 20 Years
According to the Federal Statistical Office (Destatis), in 2023, German department and retail stores reported a real (price-adjusted) revenue decline of 34.8% compared…
Germany’s Truck Toll Mileage Index Rises in February 2024
The index, which tracks the performance of toll-liable trucks with at least four axles on federal highways, showed a 1.5% rise from January…
ECB Leaves Rates Unchanged, Faces CPI Upside Pressures From Wage Growth
The European Central Bank's (ECB) executive board Thursday decided decided to keep the three key ECB interest rates unchanged.
Wind Power Spearheads Germany’s Shift to Renewable Energy in 2023
In 2023, 56% of Germany's electricity was generated from renewable sources, with wind power being the most significant at 31%.