Most German exports in June 2023 went to the United States. After seasonal and calendar adjustment, exports of goods to the United States were down 0.2% compared with May 2023, with the value of exports […]
“Lower demand due to higher financing costs and the persistently high inflation are probably still the main reasons for the decline in purchasing prices.” Also the chaotic heating policy is discouraging people from buying residences […]
Exports to third countries (calendar and seasonally adjusted exports of goods), May 2023 59.4 billion euros +1.0% on the previous month +1.5% on the same month a year earlier Exports to third countries (original values, […]
New orders in manufacturing: April 2023 (in real terms, provisional): -0.4% on the previous month (seasonally and calendar adjusted) -9.9% on the same month a year earlier (calendar adjusted) March 2023 (in real terms, revised): […]
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, […]
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