News

Germany: Europe’s “Economic Powerhouse” Shows Weakness

Originally published by Marketwatch on September 21, 2015 Read the original article.

Germany is Europe’s largest economy.

In turn, when financially troubled Eurozone nations have required a bailout, they look to Germany for help.

The latest example is Greece:

Greece to receive first bailout cash after German MPs and ESM approve deal — (The Guardian, August 19)

But Germany faces economic challenges of its own. The nation’s Producer Price Index has declined for a 25th straight month on an annualized basis.

Here’s a brief excerpt from a September 21 Marketwatch article titled, “Decline in German producer prices accelerate.”:

The prices of goods leaving Germany’s factory gates dropped more than expected in August, pulled lower by energy prices, official data showed [on September 21].

Producer prices in August fell 0.5% on the month and were 1.7% lower compared with the year-earlier period, the federal statistical office Destatis said, the sharpest annual drop since March. Economists polled by The Wall Street Journal predicted declines of 0.3% and 1.6%, respectively.

You can read the entire article by clicking on the link below:

http://www.marketwatch.com/story/decline-in-german-producer-prices-accelerate-2015-09-21

Previous post:

Next post: