Our figure of the month
In today's information age we are surrounded by an almost infinite amount of data. Each month, the GWS-WiSo-team selects a particularly interesting economic and/or social topic or question from the multitude of available information, which is highlighted as the "number of the month". The current number as well as the earlier numbers of the month can be found here.
Price shock without effect: olive oil defies inflation
In contrast to the development of the general consumer price index, olive oil prices have risen massively over the past year. This is due to poor harvests caused by the weather and increased production costs in the countries where the oil…
Urban versus rural consumption patterns
Private household consumption is a key driver of the German economy and reflects the living conditions and needs of the population. Consumer behavior strongly depends on the income situation of households and the respective settlement…
With high demands also come higher weekly working hours
As part of our July 2024 figure of the month, we looked at the differences in earnings between the level of requirements by industry as a small but sometimes significant decision criterion for the choice of training and the associated…
An vocational training promises 35% higher earnings
In August, many people in Germany will start their vocational training. The Federal Statistical Office's earnings survey shows that vocational qualifications pay off in the long term. According to this survey, a completed vocational…
Carbon Capture, Utilization and Storage (CCUS) – status quo?
In February of this year, the German government adopted a carbon management strategy that regulates the storage (CCS) and use (CCU) of CO2 for the first time. The background to this is the realization that in certain sectors, CO2…
Energy costs for households are still high – the savings potential is not being fully utilized
Private households consume energy primarily in the form of natural gas for space heating and electricity for process heating and cooling (washing and cooking as well as cooling and freezing), lighting and information and communication…
Are single-family homes more affordable due to the price decline?
After property prices for a decade only knew one direction, they experienced a turnaround from the late summer of 2022 on. This was primarily due to the end of the ECB's zero interest rate policy and the subsequent continuous sharp rise…
Transformation industries in the region
Germany is facing the challenge of a profound socio-ecological transformation. Climate change, the scarcity of resources and the loss of biodiversity require a fundamental change in our society and economy in order to shape a sustainable…
Prices for building materials remain at a high level
The construction industry, one of the most important sectors of the domestic economy, is currently in crisis. According to the Ifo Institute's business climate indicator, sentiment in the construction industry continued to deteriorate in…
Ten million employees could benefit from the minimum wage increase on 1 January 2024
A general statutory minimum wage has been in force in Germany since 1 January 2015, which sets the minimum wage for employees in all sectors and occupations. On 1 January 2024, it will increase to €12.40 gross per hour, having last been…