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German industry: growth in employment likely to end

August 24, 2016
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The manufacturing sector is one of Germany's biggest employers. On average, more than 5.2 million people were working in manufacturing in the first half of 2016. This represents an increase of 6.3% compared with the beginning of 2005 – and comes in spite of the deep recession of 2008/2009. In the period under review, job growth was particularly strong in mechanical engineering, the food industry, the rubber and plastics industry, and the metals industry. Expansion of employment in German industry has slowed recently, however. Because of the low rate of global growth and muted investment activity, employment in the industrial sector is likely to stagnate up to 2017 – albeit at a high level. [more]

More documents about "Germany"

232 (145-156)
July 3, 2015
Region:
145
The digital strategies currently unveiled by traditional banks do not go far enough and often deliver only fragmented silo solutions. With each division “doing its own thing” and adopting the silo principle that stifles innovation, many (digital) financial innovations are primarily experienced at the client front-end and are also warmly welcomed. However, the banks will not achieve resounding success using such methods. [more]
June 30, 2015
Region:
146
These days, financial market commentaries are often laced with expressions such as "topsy-turvy" and "Alice in Wonderland". Recently, even Bank of Japan Governor Kuroda described the need for unconditional faith in the inflationary impact of Japanese monetary policy with a reference to Peter Pan, quoting Peter as saying that (in his world) "the moment you doubt whether you can fly, you cease forever to be able to do it". [more]
June 29, 2015
Region:
147
While the core inflation rate has remained relatively stable since 2011 at an average of slightly above 1% yoy the oil price slump is the main reason for the temporary decline in consumer prices at the start of 2015. However, the oil price rise of some 30% since January and the stabilisation of the EUR exchange rate sent the German inflation rate out of negative territory after just one month and then made it accelerate to 0.7% yoy recently. We therefore expect slightly stronger increases in consumer prices of 0.5% this year and 2.0% in 2016. With our forecast the risks are more pronounced to the downside. The oil price might rise more slowly than expected on account of the global oversupply. In addition, the EUR/USD has now stabilised at above 1.10 after hitting its low in mid-April. Our forecast assumes EUR/USD parity by year-end. [more]
June 26, 2015
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148
The average age of cars on German roads hit a new record high of nine years at the beginning of 2015. The primary reason for this is the improved quality of vehicles. Although the diesel share of new car registrations has averaged well over 40% in recent years, diesel only constituted 31% of the cars on German roads at last count. The durability of cars is causing the mix of cars in service to change only slowly. The diesel car example suggests that it may take many years before cars powered by alternative technologies constitute a major share of all the cars registered in Germany. The vision of a future with largely climate-neutral or locally emission-free vehicles on German roads by 2050 is virtually unattainable as things currently stand. [more]
June 24, 2015
Region:
149
Clients with a migrant background are growing in importance as a target demographic for retail banking. In collaboration with Bayreuth University we have carried out an empirical analysis of risk attitudes in this customer group using data supplied by the German Socio-Economic Panel (SOEP). Our findings allow implications to be drawn for bespoke advisory services for clients with a migrant background. In effect, banks will be able to raise the quality of their financial advice to the customer's benefit – and tap into a key growth market at the same time. [more]
June 22, 2015
Region:
150
Germany was an attractive destination for migrants in 2014 for the fifth year in a row. The net migration balance climbed again by roughly 20% on the year and clearly exceeded the 500,000 mark for the first time since 1992. Roughly 1.4 million persons immigrated to Germany, the second highest total in the last 65 years (1992: 1.5 million). Since the beginning of the sovereign debt crisis in the eurozone in 2010 a net 1.7 million persons have migrated to Germany, so despite a shrinking domestic population the total population has expanded by approximately half a million. [more]
June 1, 2015
Region:
152
The Q1 GDP details provide some comfort relative to the disappointing 0.3% qoq headline number. Final domestic demand was up 0.8% qoq while net-exports as well as inventories both provided a drag. Thus, our 2015 story of GDP growth driven by strong domestic demand remains intact. Despite this, we lower our 2015 GDP forecast from 2.0% to 1.6%. This is primarily due to the weaker-than-expected Q1 GDP growth that provides a lower starting base for 2015. However, we still expect quarterly growth rates to average a healthy 0.4% qoq in 2015. Further topics in this issue: Construction investment: Sharp increase expected, but focus on downside risks, The view from Berlin. German politics: Quarrel among friends and families. [more]
May 28, 2015
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Analyst:
153
The German government is sticking to its target of reducing greenhouse gas emissions by 40% from the 1990 level by 2020. As it currently seems doubtful that the target will be achieved, Minister of Economics Sigmar Gabriel suggests introducing an additional climate contribution for older electricity power plants with particularly high CO2-emissions. Especially older lignite-based power plants would be affected by such a measure. And this at a time when many power plants are under pressure anyway due to changes in the investment strategies of a large Scandinavian investor. [more]
May 27, 2015
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Analyst:
154
The period up to 2025 offers the German steel industry good prospects for a stable and economically sound future. However, this requires policymakers to take a reasonable approach to the further development of the regulatory framework for steel producers and their customer industries in Germany just as it requires only a modest level of expansion in steel capacity at global level. There are also other conceivable scenarios with greater risks, challenges and consequences for the German steel industry and its employees – and these alternatives are in no way completely improbable. [more]
May 26, 2015
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Analyst:
155
At sectoral level, the positive effects of the euro's current weakness are clearly outweighing its drawbacks. Capital equipment manufacturers are benefiting the most from the increasing price competitiveness offered by Germany as a business location. In 2014, the automotive industry generated 45.5% of its total revenue from non-EMU countries, while the proportion for the mechanical engineering sector was almost 43%. Parts of the electrical engineering, chemicals and pharmaceutical industries are also especially benefiting from the recent devaluation in the euro. [more]
May 11, 2015
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Analyst:
156
Despite only marginally higher output in Germany's manufacturing sector in Q1 2015 we are sticking with our full-year production forecast (+1.5% in real terms). The current softness of the euro benefits Germany's export sectors. Nonetheless, companies appear much more upbeat in their assessment of the current situation than in their expectations for the coming months. This is likely due, for example, to continuing geopolitical risks and poorer economic policy conditions in Germany. So it is clear that in the business world not everything is sweetness and light. [more]
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