Europe’s manufacturing activity stumbled in June, with the Hamburg Commerce Bank’s purchasing managers index (PMI) for the region sinking to 45.8 after notching 47.3 in May.
Tag: Germany
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UN: GERMANY CAN KEEP PUMPING GENOCIDAL ISRAEL WITH WEAPONS
The International Court of Justice ruled last week that Berlin can continue to provide weapons to Israel despite an effort by Nicaragua to issue an emergency order to prevent these shipments amid a genocide in Gaza.
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GERMANY KEEPS PUMPING UKRAINE WITH WEAPONS
Germany announced last week that it will provide Ukraine with €500 million weapons, which is part of the previously announced support budget for Kyiv.
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GERMAN FACTORY ORDERS SLID INTO JANUARY
Following an upward turn in December, orders for Germany’s factory goods dropped 11.3 percent in the first month of this year, data from the country’s Federal Statistics Office (FSO) showed.
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GERMANY’S FACTORY OUTPUT FALLS MORE THAN EXPECTED IN JANUARY
Activity in Germany’s export-dependent manufacturing sector fell again this month, sliding more than expected.
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EUROZONE BUSINESS ACTIVITY NOT VERY ACTIVE
After flatlining last year, the Eurozone’s business activity has been struggling back toward growth this month, led by the services sector.
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SPOTLIGHT: RECESSION WATCH
Japan’s economy shrank 0.4 percent in 2023’s final quarter, surprising economists and falling into a technical recession, which is defined as two consecutive quarters of economic contraction.
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ZELENSKY PRAISES FRANCE, GERMANY FOR NEW DEFENSE AGREEMENTS TO HELP ENSURE WAR DRAGS ON
Ukrainian President Volodymyr Zelensky signed major defense agreements with Germany and France to ensure that his war with Russia will continue to drag on and continue to kill Ukrainians and Russians instead of negotiating for peace.
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GERMANY: “THE SICK MAN OF EUROPE”
Germany’s economy shrank by 0.3 percent in 2023’s final quarter and will grow by only that much this year, according to the newest forecast by the Organization for Economic Cooperation and Development (OECD). The group’s new projection has cut in half its estimate of Germany’s 2024 performance.
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NO GROWTH: EUROZONE ECONOMY FLATLINES, GERMANY GOES DOWN
Although Germany’s economy contracted by 0.3 percent in 2023’s fourth quarter, the 20-country Eurozone’s GDP neither shrank nor grew during the period, according to figures reported by Eurostat, the zone’s statistics office.