The real (price adjusted) stock of orders in manufacturing was down 0.2% in February 2024 month on month after seasonal and calendar adjustment, according to provisional figures of the Federal Statistical Office (Destatis). The calendar adjusted stock of orders was 5.8% lower in February 2024 than in February 2023.
EU politics
Labour Heartlands: The EU pushing it’s privatisation of rail across EU members countries steps up a gear with its 4th railway package
So much for the claims that nothing stands in the way of EU nations taking over their rail services again. Read here
Economics
Bill Mitchell – US Labour Market – cheering but it is too early to break out the champagne
The numbers filing for unemployment insurance continue to rise and now top 43.2 million since March 7, 2020. A further 1.9 million filed in the week ending May 30, 2020. Read here
Corruption
DB Post: 5 Oil and gas giants spend over 250 million euros on EU lobbying, say green groups
The five biggest publicly listed oil and gas companies and trade groups representing them spent more than 250 million euros lobbying the European Union to influence climate action since 2010, environmental groups reported. Read here
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