New orders in manufacturing:
July 2025 (in real terms, provisional):
-2.9% on the previous month (seasonally and calendar adjusted)
-3.4% on the same month a year earlier (calendar adjusted)
Economics
DeStatis – Germany: Public debt reached all-time high of 2.3 trillion euros at the end of 2021
The debt owed by the overall public budget (Federation, Länder, municipalities and associations of municipalities, social security funds, including all extra budgets) to the non-public sector amounted to 2,319.8 billion euros at the end of […]
EU politics
Nik de Boer, Jens van ‘t Klooster: The ECB Cannot Ignore its Secondary Mandate
The EU Treaties oblige the European Central Bank to support the broader economic policies in the EU. Yet, the ECB has long ignored this part of its mandate. Read here
Economics
Bill Mitchell: The Left has failed during the pandemic but not because they supported restrictions
“Where the Left has let us down is in failing to use their political voice to insist that governments accompany the lockdowns with (among other things): Full income support for workers unable to ‘work from […]
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