Articles by: Stefani Igazmm

Industrial business activity in Germany rose in July

August 6, 2018 7:58 pmComments Off on Industrial business activity in Germany rose in July
Industrial business activity in Germany rose in July

Industrial business activity in Germany rose in July after reporting 18-month low a month earlier. However, the data is slightly weaker than pre-reading. The Purchasing Managers’ Index (PMI) rose to 56.9 points in July, against expectations for 57.3 points. For comparison, values โ€‹โ€‹of 55.9 points were reported in June. The production growth and the business climate reach a three-month high, and new orders are rising faster. At the same time, […]

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Germany’s annual inflation rate is expected to slow in July 2018

July 31, 2018 7:43 pmComments Off on Germany’s annual inflation rate is expected to slow in July 2018
Germany’s annual inflation rate is expected to slow in July 2018

Germany’s annual inflation rate is expected to slow further to 2% in July following the 2.1% reported in the previous month, according to preliminary data on consumer prices of the Federal Bureau of Statistics. The pre-reading forecast is below market expectations to keep the June level at 2.1%. The food inflation may have slowed down while prices for services and energy have risen faster. The goods prices are expected to […]

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Donald Trump’s trade policy creates uncertainty among German firms

July 25, 2018 12:58 pmComments Off on Donald Trump’s trade policy creates uncertainty among German firms
Donald Trump’s trade policy creates uncertainty among German firms

The US President Donald Trump’s trade policy, “America First”, creates uncertainty among German firms, with the business climate deteriorating in July, according to the Ifo Economic Institute. “Uncertainty has increased significantly”, said the Ifo’s economist Klaus Wohlrabe. According to him, the growth of the German economy – the largest in Europe – is driven by the construction sector where the business climate is at its highest levels since 1990. Ifo’s […]

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Europe will need huge quantities of natural gas next years

July 24, 2018 12:27 pmComments Off on Europe will need huge quantities of natural gas next years
Europe will need huge quantities of natural gas next years

Europe will need huge quantities of natural gas and there will be an increase in supplies from both Russia and Norway, forecasted the CEO of the Austrian OMV Rainer Seele. “The European industry needs cheap gas to maintain its competitiveness”, said he, adding that the market will determine what gas, what quantities and where it will be delivered. The Austrian company is one of the Nord Stream 2 financial shareholders. […]

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The UK building industry needs radical change

11:46 amComments Off on The UK building industry needs radical change
The UK building industry needs radical change

The construction sector can not satisfy Britain’s housing needs because of the way it is currently operating and may also fail to meet the infrastructure needs that are vital to new housing. This is clear from a report by the Science and Technology Committee in the House of Lords. According to the report, the innovation has to be applied in the process of planning, designing, manufacturing and assembling building elements, […]

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