July machinery orders leaped 48.7 % in real terms year on year with domestic demand advancing 39.0 % and foreign demand 53.0 %. Particular strength occurred from third countries, which derives from the fact the European orders ?only? advanced 30.0 %.
The union did set a claim of 6.0 % for the next twelve months. The current contract expires this month.[more]
According to the Deutsche Bundesbank June preliminary calendar and seasonally adjusted retail sales excluding cars fell 0.3 % in volume terms from the previous month compared to a preliminarily reported 0.9 %. [more]
German Q II seasonally adjusted Gross Domestic Product (GDP) grew 2.2 % in real terms on the first quarter and 4.1 % on the second quarter last year. Calendar days adjusted y/y growth reached 3.7 %. Q I seasonally adjusted growth has been revised up to 0.5 % q/q from an earlier reported 0.2 %. [more]
According to the Deutsche Bundesbank June preliminary calendar and seasonally adjusted retail sales excluding cars fell 0.9 % in volume terms from the previous month. In the last three-month retail sales rose 0.3 % from the previous three-month. [more]
In July seasonally adjusted unemployment fell 20.000 people matching expectations (Bloomberg). The unemployment rate reached 7.6 % down one tenth of a point when compared to the previous months. Employment, which lacks unemployment statistics by a month, rose a further 25.000 to 40.359 million people.[more]
