German top managers in favour of limitation on salaries 4. November 2008 by Thomas Jannot A survey among German top managers revealed surprising facts: More than half of respondents (57%) are in favour of a draft by the German government for a new law which would limit the salaries of executive managers of banks in trouble to 500,000 Euros annually. Only one quarter of interviewees rejects such a limitation as …
Inflation rate in Eurozone at 3.2 percent 4. November 2008 by Thomas Jannot According to the European Statistical Office (Eurostat), in the Eurozone (EZ15) the pace of inflation is slowing down. Thus, in October 2008 prices in the EZ15 rose by 3.2% as compared to October 2007, according to preliminary data. Final results will be known by the middle of November. In September the annual inflation rate had …
1.2 percent more turnover in retail trade 4. November 2008 by Thomas Jannot In September 2008 sales in the German retail sale were up by 4.1% (in nominal terms) and by 1.2% (in real terms) as compared to September 2007. However, there was one more selling day in September this year than in September last year. From August to September this year, however, turnover fell by 2.5% and …
German wholesale trade defying recession 4. November 2008 by Thomas Jannot Despite economic crisis and looming recession the wholesale trade in Germany generated more turnover in September 2008. According to the Federal Statistical Office turnover increased by 14.7% (nominally) and 7.5% (in real terms). Also in comparison to August this year the German wholesale trade business generated more turnover. After adjustments for calendar and season sales …
Surprisingly high order volume in German mechanical engineering 31. October 2008 by Thomas Jannot Despite financial crisis the volume of incoming orders to the German mechanical and plant engineering was surprisingly high in September this year. In real figures the volume was up by 2% as compared to September 2007. This was reported on Wednesday by the German Association for Mechanical engineering and Plant Manufacturing (VDMA) in Frankfurt. The …
Consumer prices up by 2.4% 30. October 2008 by Thomas Jannot In October 2008, consumer prices in Germany have increased by 2.4% as compared to October last year. This is the prediction made by the Federal Statistical Office on the basis of data provided by six German states. Thus, consumer prices have been increasing less rapidly recently. In September this year annual inflation had still been …
Informative country profile of USA available for download 30. October 2008 by Thomas Jannot There is a new country profile of the USA compiled by the German Federal Statistical Office which in Germany serves as official back ground information for the US presidential elections which will take place in a few days. Nevertheless, this country profile is also very useful and informative for businesses which are already operating in …
13 million Germans sell goods online 29. October 2008 by Thomas Jannot 13 million Germans (21%) between 16 and 74 years of age sold goods or services online in 2007. Back in 2004 this number had been 9 million (14%). The German Association for Information Management, Telecommunications and New Media (BITKOM) published the above figures and expect the number of German online sellers to increase to 14 …
Online advertising market growing by 44 percent 28. October 2008 by Thomas Jannot In the period from January to September 2008 net turnover generated through graphical online advertising increased to 1.4 billion Euros which is a plus by 44.4% as compared to the same period last year. It seems that the online advertising market continues growing despite the economic uncertainties and in contrast to shrinking advertising spending on …
Exhibitors satisfied with last Systems fair 28. October 2008 by Thomas Jannot The last Systems IT fair recently closed its doors in Munich. This fair took place for the last time this year. On Wednesday last week the organizers of the Systems fair officially announced the end of it. However, according to the German Association for Information Management, Telecommunications and New Media (BITKOM) the companies exhibiting at …