German exports to Russia have collapsed by more than a quarter, according to figures released on Wednesday, as sanctions brought about by the Ukraine crisis take effect.
Destatis on Thursday blamed the timing of the school holidays for the sharpest drop in exports in more than five years. The news has dampened forecasts for Europe's biggest economies.
Chancellor Angela Merkel spoke out about Iraq, echoing the sentiments of her foreign minister, Frank-Walter Steinmeier, that in the case of Iraq, Germany may reconsider its traditional ban on exporting weapons to active conflict zones.
Germany’s vice-chancellor and economy minister Sigmar Gabriel still wants to massively reduce arms exports to controversial countries, despite a report showing the government approved the highest amount of weapons deals for ten years in 2013.
UPDATE: Growth of the German economy was driven exclusively by booming domestic demand in the first quarter, while foreign trade put a brakes on activity, data showed on Friday.
German economic growth is heading for a significant slowdown in the second quarter of 2014 after a robust first three months, the German central bank said on Monday.
Germany’s business leaders launched an attack against the economic policies of the coalition government on Friday, ahead of talks with Chancellor Angela Merkel.
UPDATE: The EU Commission said on Wednesday that Germany's huge current account surplus is a source of economic imbalance in Europe as Berlin appeared to be admit for the first time that there was a problem.
The German economy clocked up a small surplus in its public finances in 2013, as growth picked up at the end of the year, official data showed on Tuesday.
UPDATE: Growth of the German economy, Europe's biggest, picked up fractionally at the end of last year, propelled by buoyant exports, official data showed on Friday.
Germany's trade surplus soared to a new record high in 2013, although export momentum tailed off at the end of the year, official data showed on Friday.
Germany on Thursday rejected as"incomprehensible" criticism levelled by the US Treasury that Berlin should do more to increase its domestic demand and rely less on exports in order to help boost the global economy.
German companies may punch above their weight in the world economy, but their names are often impossible to export globally - and they are ditching their umlauts to fit in.
German industrial production strongly rebounded in June driven by all sectors after people took advantage of the May bank holidays to extend their time off, official data showed on Wednesday.
Germany's dominance in key export sectors outside of Europe is waning as China takes over greater market share, a new study has found. It predicts Chinese exports to Europe could even soon rival German products.
German Economy Minister Philipp Rösler called on Wednesday for negotiations on a widening solar panel dispute between the EU and China to avoid an all-out trade war that could hit further sectors.
