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.
Economics
BBC: UK Car production falls to lowest level for 65 years
Car production in the UK last year fell to its lowest level since 1956, according to figures from the Society of Motor Manufacturers and Traders. Read Here Photo: KUKA Systems GmbH licensed under the Creative […]
Economics
Heiner Flassbeck: Flexible wages or flexible profits – how does a market economy work?
When a high-ranking European policymaker like Christine Lagarde gives a keynote speech on “policymaking in an age of shifts and breaks” at a meeting of the world’s most important central bankers, one should listen carefully. […]
Economics
Bill Mitchell: Why are the unions accepting massive real wage cuts?
The point is that many unions have become part of the elite structures that suppress workers and advance the interests of capital In the 1890s, the worker organisations would be out of strike right now […]
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