Economics
DeStatis – Germany: Retail turnover in real terms down 7.1% in February 2023 year on year
People in Germany appear to have less money to spend on stuff. Good for the climate, bad for government VAT income Read HERE
DeStatis
Economics
DeStatis – Germany: Building permits issued for dwellings in January 2023: -26.0% on the same month a year earlier
How you create a recession. Read Here
Climate Crisis
DeStatis – German Electricity Production: coal increased, accounting for a third, wind power for a quarter
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 […]
Economics
DeStatis – German Production in January 2023: -1.6% year on year
Output rose 3.5 per cent in January from the previous month, although this mostly was a rebound from December’s fall. But DeStatis always selects the positive numbers. That is what happens when your paymaster is […]
Economics
DeStatis: German Manufacturing in January 2023: new orders fell by 10.9% year on year
This is is not the growth EU politicians and mainstream media were talking up a couple of months ago. Read HERE
Uncategorized
DeStatis – Germany: Increased Inflation rate of +9.3% expected in February 2023
Pundits had expected a drop. After this rise in inflation, as in France and Spain, the ECB could well increase interest rates still again. Read HERE
Economics
DeStatis: German GDP fell more than originally announced in Q4 2022
The gross domestic product (GDP) fell by 0.4% in the fourth quarter of 2022 on the third quarter of 2022 after adjustment for price, seasonal and calendar variations. The Federal Statistical Office (Destatis) reports that […]
Economics
DeStatis: German export surplus in 2022 at lowest level since 2000
This is not great news for a mercantilist nation. We are also seeing an increasing economic dependency on the US Foreign trade balance down by more than half on 2021 China most important trading partner […]
Economics
DeStatis – Germany: Exports to non-EU countries in January 2023: expected increase of +0.2% on December 2022
This anemic increase could be due to the rapid increase of sanction busting exports to Russia via neighbouring states Read HERE Newest numbers from the Financial Times
Economics
Destatis – Germany: Production in December 2022 -3.1% on the previous month
In 2022 as a whole, production was calendar-adjusted 0.6% lower than in 2021 and down 5.0% from the pre-crisis year of 2019. Read Here