Economics
DeStatis – Germany: Production in February 2023: -1.6% on previous year
While corporate media implies all is well with the EU’s largest economy, government statistics tell another story. Read HERE
DeStatis
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
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