frankfurt
Germany's annual inflation recorded its first increase of 2024 in May, aligning with economists' forecasts. According to preliminary data published by the Federal Statistical Office (Destatis) on Wednesday, the consumer price index surged by 2.4% in May 2024 compared to the previous year, up from the 2.2% rate in April and matching the expected 2.4% rise. On a monthly basis, inflation advanced at a modest 0.1% pace, the lowest increase since December 2023, decelerating from the previous 0.5% growth and falling below the anticipated 0.2%. Fresh hint that ECB might be set to cut interest rates a...
Euronews (English)
Latest economic sentiment indicators observed in Germany indicate a robust recovery from the negative levels of 2023, defying the prevailing notion that Europe's largest economy has become the "sick man" of Europe. In March 2024, the ZEW Indicator of Economic Sentiment for Germany continues its upward trend for an eighth consecutive month, reaching +31.7, its highest level since February 2022 and surpassing market forecasts of +20.5. According to Professor Achim Wambach, President of ZEW, economic expectations for Germany are experiencing significant improvement. Additionally, more than 80% of...
Euronews (English)
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