Friday, January 28, 2022

German Economy Shrinks Much More Than Anticipated

From the Federal Statistics Office via Trading Economics (also on blogroll at right), January 28:

The German economy contracted 0.7% on quarter [sic] in the last three months of 2021, much worse than market forecasts of a 0.3% fall, as tightening curbs to slow the spread of the omicron coronavirus variant weighed on household spending and construction investment while public expenditure increased. It is the first decline in three quarters, preliminary estimates showed.....


Also at Trading Economics:
US PCE Price Inflation Hits 39-1/2-Year High