DeStatis: Germany hit by barrage of economic bad news

DeStatis has released three new statistics (one in English, two in German) indicating a continuing decline of Germany’s economy). And where Germany’s economy goes, the EU follows:

Building permits for flats in July 2023: -31.5 % compared to the same month of the previous year (In German HERE)

Hospitality turnover in July 2023 down 4.1% month-on-month (In German HERE)

Manufacturing in July 2023: stock of orders -3.9% year on year (In English HERE)


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