More bad news for Germany’s mercantilist economy Exports to third countries (calendar and seasonally adjusted exports of goods), April 2023 56.5 billion euros -5.7% on the previous month -2.0% on the same month a year […]
DeStatis got it wrong again just in time for a state election. Election over, lie over. Gross domestic product (GDP), 1st quarter of 2023-0.3% on the previous quarter (price, seasonally and calendar adjusted)-0.2% on the […]
Building permits for new construction from January to March 2023: -31.1% for single-family houses, -51.9% for two-family houses, -25.2% for multi-family houses Read HERE
New orders in manufacturing: March 2023 (in real terms, provisional): -10.7% on the previous month (seasonally and calendar adjusted) -11.0% on the same month a year earlier (calendar adjusted) Read HERE
It is interesting, ever since we started following DeStatis, the German state statistical office, whenever there was a close call regarding falling into technical recession in the second quarter the economy stagnated at 0 percent […]
The ECB’s interest rate hikes are having clear negative effects on the housing market in Germany. Building permits for new construction issued in January and February 2023: -28.4% for single-family houses, -52.4% for two-family houses, […]
While corporate media implies all is well with the EU’s largest economy, government statistics tell another story. Read HERE
People in Germany appear to have less money to spend on stuff. Good for the climate, bad for government VAT income Read HERE
How you create a recession. Read Here
Coal remained the main energy source in electricity production in Germany in 2022: 8.4% more coal-generated electricity fed into the grid than in 2021 Photovoltaics provided almost as much electricity as natural gas: electricity production […]
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