The shock in the manufacturing sector in Germany: IFO vs Markit
The modest rebound in the IFO index in March is sometimes interpreted as the counterpoint to the drop of the Markit index released last Friday.There is indeed an opposition in…
Philippe Waechter's blog
The German economy on the way to normalization
German growth stopped during the second half of 2018. During this period, the GDP was up by only +0.1% compared to the first six months (at annual rate). It can…
Germany in recession ?
Recent data on the German industrial production show a rapid drop in the economic activity. The quarterly change was already at -5.5% in the third quarter (annual rate). At the…
Merkel rejects Macron's proposals on Europe
Coordination and risk sharing are Macron’s ideas for a renewal of European institutions. Merkel doesn’t really share this point of view.
German risks for Europe
After the failure to form a coalition the first thing to notice is that Merkel is no longer at the center of the game. She has been replaced by the…
The German Growth in 3 graphs
The GDP growth was 1.7% (at annual rate) during the fourth quarter of 2016.It was a mere 0.4% in the third quarter. For 2016 GDP was up 1.8% after 1.5%…
Three Graphs on the German Labor Market
The number of unemployed has slightly increased in August (1 000). Compared to August 2013 this number has decreased by -45 000. Employment is on a positive trend. During the…
The German Economy is losing steam in July
The ZEW index was trending downward in July – Will the World Cup success change the trend? I do not believe in this kind of effects