Consumer prices increased considerably in March 2007 16. April 2007 by Thomas Jannot In March 2007 consumer prices rose stronger than in previous months. According to the Federal Statistical Office the increase in the period from March 2006 to March 2007 was 1.9%. Compared to January 2007 the difference was +0.3%.
Inland revenue record in March 2007 16. April 2007 by Thomas Jannot German tax offices in March received as much revenue from taxes as never before. Revenue from federal and state taxes (without local taxes) rose by 6.4% as compared to March 2006 and amounted to 38.38 billion Euros. According to experts the reason is to be found in a combination of VAT increase, economic revival and …
Manufacturing industry main pillar of German GDP 13. April 2007 by Thomas Jannot Ahead of the Hannover Show the Federal Statistical Office reported that almost one quarter of the German GDP is generated by the manufacturing industry. The respective gross value added amounted to 490 billion Euros in 2006 which corresponds to 24% of total GDP.
Exports of new cars up by 4 percent 13. April 2007 by Thomas Jannot According to the Federal Statistical Office in the year 2006 the number of German cars exported amounted to 4.2 million to a total value of 87.1 billion Euros. This corresponds to a 4% increase as compared to the previous year and a plus of 7.4% on a value basis. 2.7 million of the total amount …
Key European interest rate unchanged at 3.75% 13. April 2007 by Thomas Jannot The European Central Bank has left the key interest unchanged at 3.75 percent. Experts think that the ECB´s economists currently do not dispose of sufficient information in order to change the interest rate on a strategically sound basis.
ifo forecasts continuing economic upswing 12. April 2007 by Thomas Jannot In 2006 the economy in the Eurozone strongly expanded pushed by domestic demand as well as a trade surplus. According to the Munich based ifo-Institut economic prospects continue being promising in the near future. In real terms GDP is forecast to rise by 0.5% in the first quarter of 2007 and by 0.6% in both …
Car purchases increased by 6.1% in Germany in 2006 12. April 2007 by Thomas Jannot Compared to the year 2005 car purchases on a value basis increased by 6.1% in Germany in 2006. According to the Federal Statistical Office this increase is one of the strongest in the past decade. The increase is due to more purchases by private households (+ 8.5%). Purchases by companies, however, fell by 1.2%.
60.000 vacancies for engineers and increasing salaries 12. April 2007 by Thomas Jannot On the occasion of the Hannover Show the Monster online job bourse counted the number of vacancies available, and for their internet portal alone they established a number of 60.000 vacancies for engineers. In many engineer fields the demand for engineers already strongly exceeds the supply of qualified staff which, according to Mr. Dr. Willi …
Good times for German steel producers 11. April 2007 by Thomas Jannot Thanks to China steel is all the rage. The German steel industry fares as well as it has not for quite a long time. Last year crude steel production amounted to 47.2 million tons in Germany which is the highest figure since re-unification. The Essen based Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI) estimates that 2007 and …
German exports up by almost 11 percent in February 10. April 2007 by Thomas Jannot According to preliminary figures by the Federal Statistical Office there were exports from Germany amounting to 77.6 billion Euros in February 2007 and imports to the value of 63.4 billion Euros. This corresponds to a 10.9% increase as compared to February 2006. Compared to January 2007 exports increased by 1.9% and imports by 5.6%.