Nivea and Google among most popular brand name products in Germany 20. January 2009 by Thomas Jannot According to a study by the Psychonomics market research institute, the German brand „Nivea“ and the internet brand „Google“ were among the most popular brands in Germany in the year 2008. In the course of this study most popular brands were defined in eight important lines of industry. The respective findings were based on about …
EU Commission expects deep recession 20. January 2009 by Thomas Jannot According to the EU Commission, the global crisis will lead to a deep economic recession in Europe in the year 2009. However, the Commission think that thanks to measures taken by several member states in order to enliven the economy the economic situation may well improve in the second half of 2009. The European GDP …
Less activity in the European construction industry 20. January 2009 by Thomas Jannot Output in the construction industry of the Eurozone (EZ15) fell by 1.1% (adjusted for season) in November 2008 as compared to October last year. In the EU27 the decrease amounted to 1.6%. The respective figures for October last year were -0.1% and +0.5%. In comparison with November 2007 output fell by 4.7% in the Eurozone …
Federal Statistical Office published new statistical data on the German economy 19. January 2009 by Thomas Jannot In the year 2008 the number of overnight stays at camping sites in Germany increased by 5% to 22.9 million as compared to the year 2007. At the end of November 2008 the German processing industry employed about 5.4 million people which is 1.8% more than in November 2007. Businesses in the German hotel industry …
Study predicts worldwide recession in 2009 16. January 2009 by Thomas Jannot According to the authors of the renowned Deloitte study called “Global Economic Outlook”, Continental Europe and Germany could come out stronger than before of the current economic recession. Apart from this the prospects are said to be rather bleak. According to the authors of the study, Great Britain would not pick up momentum until the …
Industrial output down by 1.6 percent in Europe 16. January 2009 by Thomas Jannot Industrial output of both the Eurozone(EZ15) and the EU27 fell by 1.6% in November 2008 as compared to October. In comparison with November 2007 industrial output fell by 7.7% in both regions in November last year. A positive exception is Ireland where industrial output increased by 10.2% and 2.6% as compared to October 2008 and …
Inflation rates in Europe continue falling 16. January 2009 by Thomas Jannot Annual inflation in the Eurozone (EZ15) amounted to 1.6% in December 2008. One year earlier inflation had amounted to 3.1%. As compared to November prices even fell by on average 0.1% in December 2008. Annual inflation of the EU27 was at 2.2% in December 2008 (December 2007: 3.2%). In the period from November to December …
Only small growth of German economy in 2008 15. January 2009 by Thomas Jannot Due to the financial crisis and its repercussions on the economy German GDP increased by just 1.3% in real figures in the year 2008 as compared to the previous year according to the Federal Statistical Office. This is significantly less than in the preceding years (2007: +2.5%; 2006: +3.0%). Growth impulses in the year 2008 …
More German companies among most important businesses listed on the stock exchange 15. January 2009 by Thomas Jannot Even though the shareholder value of most German top companies fell last year, their importance on the global stock exchanges nevertheless increased: by the end of 2008 eight German companies were among the world’s 100 most expensive companies following seven in the year 2007 and four in 2006. As a consequence, Germany moved up from …
Number of foreign tourists visiting Germany falling 14. January 2009 by Thomas Jannot German tourism is affected by the economic crisis, too. Even though in November 2008 the total number of overnight stays in Germany amounted to 22.6 million which was the same figure like in October, the number of foreign guests, however, fell by 2% to 3.4 million. Overnight stays by German tourists amounted to 19.2 million …