In January smallest inflation rate in five years 11. February 2009 by Thomas Jannot In January 2009, consumer prices increased by just 0.9% as compared to January 2008. According to the Federal Statistical Office, since August 2008 the inflation rate had been continuously decreasing and remained below one percent in January 2009 for the first time in five years. Massive drops in prices for mineral oil products are still …
Germany very attractive for industry 11. February 2009 by Thomas Jannot Despite the current crisis Germany is very attractive for industrial businesses. It is also believed that Germany will keep this attraction in future. This was revealed by a survey carried out by the Association of German chambers of industry and commerce (DIHK). In the course of this survey about 700 industrial businesses and businesses close …
Lowest growth of German exports in five years 10. February 2009 by Thomas Jannot In the year 2008 German exports grew as little as in the year 2003 for the last time. According to the Federal Statistical Office, Germany exported and imported goods to the value of 992.7 billion Euros and 814.5 billion Euros respectively. This corresponded to an increase of 2.8% with regard to exports and of 5.8% …
Business insolvencies down by 9.9 percent in November 9. February 2009 by Thomas Jannot The number of both business and private insolvencies fell in November 2008. Insolvencies by businesses decreased by 7.5% to 2,375 and those by private consumers by 10.7% to 7903 as compared to November 2007. In total, the number of insolvencies was down by 9.9% to 12,447. There were unsettled claims by creditors to the amount …
Orders to German industry down by 6.9 percent 6. February 2009 by Thomas Jannot According to the Federal ministry for economic affairs (BMWi), the order volume received by German industry fell by 6.9% in December 2008 as compared to the previous month. However, there have been relatively many major orders in December. The number of orders from abroad fell by 9.4% and that of orders from within Germany by …
German companies struggle with 10,407 reporting requirements 5. February 2009 by Thomas Jannot In Germany businesses have to comply with 10,407 reporting requirements. The requirement which causes most costs is that of keeping invoices according to the law on value-added tax. This requirement alone causes costs of 6.2 billion Euros each year. There are other costs caused by bureaucracy to the value of more than 40 billion Euros …
Turnover by retailers in Europe unchanged 5. February 2009 by Thomas Jannot In December 2008, the sales volume of retailers remained unchanged in both the Eurozone (EZ15) and the EU27 as compared to November. In November last year turnover had fallen by 0.1% in both regions on the previous month. As compared to December 2007, turnover decreased by 1.6% in the Eurozone and by 0.8% in the …
Sales in German wholesale trade up by 3.0 percent in 2008 4. February 2009 by Thomas Jannot According to estimates by the Federal Statistical Office, turnover generated in the German wholesale trade increased by 8.4% and 3.0% in nominal and real terms respectively in the year 2008 as compared to the previous year. This was an increase for the sixth year in a row. In December 2008 turnover was up by 1.4% …
E-commerce and mail order business predicted to grow 4. February 2009 by Thomas Jannot According to the association for mail order business in Germany (bvh), sales in the mail order business and e-commerce will increase in 2009. It is estimated that sales figures in the mail order business will grow by between 2% and 3% to 29.2 or 29.5 billion Euros which would be the same growth as in …
Turnover down in German retail trade 3. February 2009 by Thomas Jannot According to the Federal Statistical Office, turnover generated in the German retail trade increased by 2.1% in 2008 as compared to 2007. In real terms, however, turnover was down by 0.4% as compared to 2007. In December 2008 turnover increased by 0.6% (nominally) and fell by 0.3% (really) as compared to December 2007.