Posted 8/25/2023, 8:34:00 AM

German business sentiment worsens further in August, survey shows

German business morale deteriorated more than expected in August, falling for the fourth consecutive month as weak new orders and declining export expectations contribute to pessimism about the economy's recovery.

reuters.com

Relevant topic timeline:

8/23/2023

Germany August flash manufacturing PMI 39.1 vs 38.7 expected

German business activity, particularly in the services sector, experienced its sharpest decline since May 2020, leading to concerns about the country's outlook for the remainder of the year and potential stagflation, as both manufacturing and services sectors are contracting.

8/23/2023

Slide in euro zone service sector sharpens ECB's rates dilemma

Euro zone business activity declined more than expected in August, particularly in Germany, while some inflationary pressures returned, posing a challenge for the European Central Bank's efforts to control inflation without causing a recession.

8/25/2023

Gloomy Ifo fuels fears of second German recession in a year

The mood among German businesses worsened in August, falling for the fourth consecutive month and raising concerns about a possible second recession; the Ifo business climate index dropped to 85.7, lower than expected, while the country's economy recorded zero growth in Q2.

8/25/2023

Why Germany is getting the 'sick man of Europe' label again

Germany's economy stagnated in the second quarter, solidifying its position as one of the world's weakest major economies, with factors including weak purchasing power, thin industrial order books, a slowdown in the Chinese economy, and the impact of aggressive monetary policy tightening contributing to the country's economic struggles.

8/29/2023

German consumer morale to fall in September -GfK

German consumer sentiment is expected to decline in September due to decreasing income expectations and propensity to buy, hindering overall economic development and growth prospects in the country.

9/4/2023

German exports fall less-than-expected 0.9% in July

German exports fell 0.9% in July, less than expected, due to global demand weakness and supply-chain friction.

9/4/2023

Euro zone investor mood darkens in Sept -survey

Investor morale in the euro zone fell more than expected due to Germany's economic weakness, with the situation being described as "precarious" and potentially leading to a global recession.

9/6/2023

German industrial orders fall more than expected in July

German industrial orders fell more than expected in July, declining by 11.7% on a seasonally and calendar adjusted basis, due to a large order in the aerospace sector the previous month, indicating weakness in the global economy and high energy costs.

Posted 8/25/2023, 8:34:00 AM

German business sentiment worsens further in August, survey shows

reuters.com

Relevant topic timeline:

8/23/2023

Germany August flash manufacturing PMI 39.1 vs 38.7 expected

8/23/2023

Slide in euro zone service sector sharpens ECB's rates dilemma

8/25/2023

Gloomy Ifo fuels fears of second German recession in a year

8/25/2023

Why Germany is getting the 'sick man of Europe' label again

8/29/2023

German consumer morale to fall in September -GfK

German consumer sentiment is expected to decline in September due to decreasing income expectations and propensity to buy, hindering overall economic development and growth prospects in the country.

9/4/2023

German exports fall less-than-expected 0.9% in July

German exports fell 0.9% in July, less than expected, due to global demand weakness and supply-chain friction.

9/4/2023

Euro zone investor mood darkens in Sept -survey

Investor morale in the euro zone fell more than expected due to Germany's economic weakness, with the situation being described as "precarious" and potentially leading to a global recession.

9/6/2023

German industrial orders fall more than expected in July