Germany sees industrial production, trade surplus grow: HumSub.TV
Germany sees industrial production, trade surplus grow: HumSub.TV: Germany saw a surprise boost in industrial production and a widening of its trade surplus in February amid rising tensions with the Trump White House over its export strength.
Europe’s largest economy reported a leap in production of 2.2 percent from the previous month, according to the price-, seasonal- and calendar-adjusted figures from federal statistics authority, Destatis. Analysts polled by financial services firm Factset expected a rise of only 0.3 percent. Meanwhile, the trade surplus in February reached 21 billion euros ($22 billion), Destatis said, citing preliminary data adjusted for seasonal and calendar effects. Exports increased 0.8 percent over January’s figure to 104.9 billion euros, while imports fell 1.6 percent to hit 83.8 billion.
In January, Germany had exported 18.5 billion euros more than it imported. Carsten Brzeski, chief economist at ING bank, called the increase in industrial production “whopping”, thanks to a surge in construction.
“German industry finally returns as a growth engine. No, it’s not a spelling mistake,” he said. “Today’s data suggest that industrial production could finally return as a growth engine for the German economy.” However, he said the latest data would “do little to undermine the permanent international criticism of Germany’s trade surplus”. “The Brexit negotiations and a possible further weakening of the pound sterling, protectionist measures from the Trump administration and negative growth surprises from China pose a clear risk to the German economy,” he added. US President Donald Trump has vowed to root out “unfair” trade practices around the world and target countries that contribute to America’s substantial trade deficit such as Germany. However, the US trade deficit with Germany fell to the lowest level in more than four years in February at $3.9 billion, the Commerce Department reported this week.
Germany’s panel of economic experts last month rejected criticism that the country was running an overly high trade surplus, but said Berlin could reduce the gap by attracting more investors.
Germany sees industrial production, trade surplus grow: HumSub.TV
About HumSub TV
Introduction
HumSub TV is Pakistan’s leading forwarding-thinking, edutainment channel, aimed at promoting and upholding peace, interfaith harmony and social responsibility within Pakistan through informative and insightful programmes and documentaries; analytical interviews on issues pertaining to social, economic, legal and environmental set-up; dedicated shows to canvass and thereby promote the culture and heritage of Pakistan and in-depth coverage of national and international news.
HumSub TV is the first channel and thus a pioneer within its own right that mainly focuses on emphasising the “Rights” as well as the “Obligations” of the citizens in light of the Constitution of Pakistan, numerous International declarations signed by the Government and various laws that have been promulgated over the years but are not in the knowledge of the common citizen.
HumSub TV also aims to enter into bilateral agreements with other countries to promote not only their culture, heritage and tourism, but also their educational and medical facilities.
Following the successful launch of HumSub TV’s head office in Blue Area, Islamabad; the bureau office has been set up in Lahore.
Vision
To project positive image building of Pakistan and inculcate nationalism, as per the vision of the founder of the nation, Quaid-e-Azam Mohammad Ali Jinnah.
Mission
HumSub TV is resolute about the promotion of a pluralistic, inclusive and egalitarian society in Pakistan where all citizens are allowed to contribute to promote interfaith harmony, peace and collective wisdom in the social, political and economic development of Pakistan and to encourage critical and lateral thinking in the society. HumSub TV strives to make a positive contribution to this end.
HumSub TV’s Theme
HumSub TV, Pakistan’s first EDUTAINMENT Channel, has been set up for not only those audience residing in Pakistan or overseas but the international community on the whole. The vision of the channel is to project positive image building of Pakistan and inculcate nationalism as per the vision of the founder of the nation.
HumSub TV strives to make a positive contribution to this end by promoting pluralism, inclusiveness and egality in Pakistan and give voice to the suppressed. It endeavors to act as a positive catalyst for social change and Pakistani nationalism. It envisions providing a platform for airing critical and lateral thinking and collective wisdom by inviting positive minded intellectuals and opinion forming individuals for the promotion of interfaith harmony and peace in the social, political and economic development of Pakistan.
Whereas the channel airs upbeat edutainment programmes, it, nonetheless, has the primary objective of countering negative anti-Pakistan regional and international propaganda as well as advancing fundamental rights as encapsulated in the Constitution of Pakistan.
For More News:
Visit HumSub TV