0.2 percent more employees in Europe 15. September 2008 by Thomas Jannot In both the Eurozone and the EU27 employment grew by 0.2% in the second quarter this year as compared to the first quarter. This increased corresponds to 283,000 people in the Eurozone who found a new job and to 401,000 people in the EU27. However, the increase was smaller than in the first quarter when …
Tourism continues growing in Germany 12. September 2008 by Thomas Jannot The number of overnight stays was up by 5% in July as compared to July last year. Out of the total number of 44.8 million overnight stays 37.5 million were spent by German tourists (+5%) and 7.3 million by foreigners (+4%). In the period from June to July this year the number of overnight stays …
Full order books and increased German exports 10. September 2008 by Thomas Jannot The German association for wholesale and foreign trade (BGA) yesterday announced that full order books led to growth in exports in July this year. Even though important German trade partners in the Eurozone suffered from cyclical economic weaknesses, this was compensated for by the dynamic trade with third party countries, according to the BGA. “Figures …
8.3 percent less business insolvencies in Germany 10. September 2008 by Thomas Jannot There were significantly less insolvencies in the first half of 2008. There were in total 77,225 cases of insolvency, 14,650 of which by businesses and 48,466 ones by individuals. Thus, the number of business insolvencies fell by 8.3% as compared to the first half of 2007 and that by private households by 9.8%. In June …
German labour costs with second lowest increase in Europe 9. September 2008 by Thomas Jannot According to the Federal Statistical Office, in Europe labour cost increased the least in Malta and Germany in the second quarter of 2008. German private business employers paid 1.1% more wages and salaries per working hour in the second quarter of 2008 as compared to the same quarter in 2007. However, the two major components …
IFA was a great success this year 9. September 2008 by Thomas Jannot The International Radio Exhibition (IFA) which came to an end in Berlin recently was a huge success for organizers, exhibitors and visitors alike. According to the organizers, there were in total 220.000 German and foreign visitors and participants at this year´s IFA 2008. The order volume reached more than three billion Euros which is more …
German products still very successful in Asia 8. September 2008 by Thomas Jannot German deliveries to Asia are still going strong this year in spite of less momentum of the German economy as a whole. While total German export grew by 6.9% in the first half of 2008, that to Asia and the Pacific region (without the Middle East) increased by 11.2%.
97,000 vacancies for engineers in August 8. September 2008 by Thomas Jannot According to the Association of German Engineers (VDI), there were about 97.000 vacancies for engineers in August. At the same time the number of jobless engineers fell below 20.000 people for the first time which is a record low according to VDI. Particularly many engineers are needed by mechanical engineering where more than 40.000 vacancies …
Drop in prices for computers and mobile phones 5. September 2008 by Thomas Jannot Good news for consumers and bad news for merchants are two-digit price drops for high-tech products. Thus, since July 2007 prices for mobile phones and digital cameras decreased by 14% and 16% respectively and for notebooks even by 25%. In the meantime in Germany prices for high-quality electronic products such as computers, flat screen tvs …
1.7 percent less orders for industry in July 5. September 2008 by Thomas Jannot According to calculations by the Federal Statistical Office the German industry received 1.7% less orders in July as compared to June this year. In June the drop had been even bigger with the number of orders falling by 2.6%. The percentage of major orders was even quite high in July. The decline is due to …