Tuesday, October 19

Tag: percent

What is behind the sudden drop in orders in the industry
Companies

What is behind the sudden drop in orders in the industry

Industrial orders have fallen unusually significantly. Economists see a connection with the delivery problems – but warn not to overinterpret the figures. Sor more than a year now, German industry has experienced a remarkable upturn. The demand for cars and machines continued to grow in the Corona winter, among other things because of the rapid economic recovery in China. But according to the latest figures from the Federal Statistical Office, there was an abrupt slump in May. Orders fell by 3.7 percent compared to the previous month.Such a decline within a month is unusual. It was not expected either, economists previously surveyed by Reuters news agency had expected an increase. Also unusual: The demand for consumer goods is unbroken, it even rose by 3.9 percent. On the other...
German industry posted a drop in orders
Economy

German industry posted a drop in orders

Compared to March, orders for the industry fell slightly in April. According to the Ifo Institute, however, the number of short-time workers has also fallen in industry. Dhe industry in April landed surprisingly fewer orders than in the previous month because of the slack domestic demand. Orders have fallen by 0.2 percent since March, as the Federal Ministry of Economics announced on Monday. Economists polled by Reuters had expected an increase of 1.0 percent after there had previously been three increases in a row. In the previous month of March, orders grew by a revised 3.9 percent, significantly faster than initially reported at 3.0 percent. Measured on February 2020, the month before the start of the restrictions in the wake of the corona pandemic, orders are now 9.9 percent ...
Samsung increases operating profit by 53 percent
Companies

Samsung increases operating profit by 53 percent

The great demand for electronic memory modules leads Samsung to a quarterly profit of the equivalent of more than 9 billion euros. Apple contributes to the good result with a compensation payment. SSouth Korea’s largest conglomerate, Samsung Electronics, is expected to have increased its operating profit by 53 percent in the second quarter of the year compared to the same quarter of the previous year and thus significantly exceeded the forecasts of analysts. According to its own statements, Samsung expects an operating plus of 12.5 trillion won (9.3 billion euros). Sales rose 19 percent to 63 trillion won.Samsung had already increased its operating profit by 47 percent in the first quarter. At that time, good sales of smartphones in particular contributed to the increase in profit...
German production is falling
Economy

German production is falling

German companies produce less, even though their order books are full. How big is the problem? Tspit of bulging order books, production in the German economy is not really getting off the ground. Due to bottlenecks in semiconductors, lumber and other intermediate products, industry, construction and energy suppliers even produced one percent less in April than in March, as the Federal Ministry of Economics announced on Tuesday.Previously interviewed economists, on the other hand, had expected an average increase of 0.5 percent, after a plus of 2.2 percent in the previous month. “After the increase in March, there was a slight dampening in April, which was caused by a shortage of intermediate products (especially semiconductors and timber),” said the ministry. Compared to February ...