Unemployment up and inflation down in Europe 2. February 2009 by Thomas Jannot It is estimated that annual inflation in the Eurozone (EZ15) amounted to 1.1% in January 2009. In December 2008 inflation stood at 1.6% as compared to December 2007. However, the unemployment rate in the Eurozone increased to 8.0% in December 2008 following 7.9% in November.
Job advertisements on the internet have become matter of course 30. January 2009 by Thomas Jannot In Germany 94% of all businesses are looking for new employees on the internet. Particularly popular among businesses are online job markets such as Stepstone, Jobscout or Monster which are used by 59% of all businesses. Half of all businesses publish job ads on their homepages. One quarter places the ads in specialized online job …
German businesses invest 27 billion Euros in further training 29. January 2009 by Thomas Jannot German companies are investing in the know-how of their employees. As was found out in the course of a study carried out by the Institute for the German Economy (IW) in Cologne on further training in Germany, almost 84% of all German businesses provided further professional training to their employees in the year 2007. Among …
Inflation rate below one percent in Germany 29. January 2009 by Thomas Jannot According to the Federal Statistical Office, consumer prices increased by just 0.9% in January this year as compared to January last year. Prices even fell by 0.5% on December 2008. The smaller inflation rate is in particular due to smaller increases in prices for fuels and heating oil.
German exports to China up by 14.3 percent 28. January 2009 by Thomas Jannot Today when the Chinese prime minister, Wen Jiabao, arrives for a state visit in Germany, this event will not only be of political, but in particular of economic importance. Even though Germany is still importing more goods from China than it exports to this country, the export volume to China is growing much faster than …
Germans shop without much patriotism 27. January 2009 by Thomas Jannot Germans do not behave in a very patriotic manner when it comes to shopping. According to the German Association for research on consumption (GfK) in Nuremberg, only thirty percent of Germans prefer German products when shopping. This varies according to the age of respondents. In the age group of people between 60 and 69 years …
Demand for outsourcing increasing in times of crisis 26. January 2009 by Thomas Jannot According to the German Association for Information Management, Telecommunications and New Media (BITKOM), turnover generated through IT and business process outsourcing is expected to increase by 7.2% to 14.6 billion Euros in Germany.
Orders to construction industry plummeted by 17.4 percent 24. January 2009 by Thomas Jannot In November 2008 the German construction industry suffered a major drop in incoming orders. The number of orders received by businesses employing at least 20 people fell by 17.4% in real terms as compared to November 2007. In the field of structural engineering, demand fell by 2.0% and in civil engineering by 30.1%. Comparing the …
Shortfalls in payment increased dramatically worldwide 23. January 2009 by Thomas Jannot In the year 2008 shortfalls in payment increased dramatically and will continue to do so, according to Coface Germany, which is a consulting firm specialized in business claims. As a consequence of this global development, Coface recently lowered its ratings of 22 countries, among these countries such as China and Russia. In total, shortfalls in …
New record number of outlets for press products 22. January 2009 by Thomas Jannot In the year 2008 the number of press outlets in Germany reached a new record high. There were 120,000 print press outlets in Germany last year, in particular news-stalls and outlets in supermarkets.