EU politics
DeStatis – 21% of Germans worked in low-wage jobs
Roughly 7.8 million jobs were low-wage jobs earning less than a gross 12.27 euros per hour. Read here
DeStatis
Economics
Eurostat: EU records trade deficit as gas from Russia and Norway takes its toll
Imports to the EU from Russia and Norway increased year on year 59.1 and 56.4 percent respectively for the period January to October. It is only thanks a rapidly increasing trade surplus with Britain (27 […]
Economics
Destatis – Germany: Exports of passenger cars down 17.2% in the 3rd quarter of 2021 year on year
It’s good to have some numbers to form an opinion about trade development. The lack of chips and delivery bottlenecks reduced German car imports and exports Foreign trade in electric cars continued on a high […]
Economics
DeStatis: German Industry investments in 2020: 14% lower than in the previous year
This is an ominous number, especially as 2020 was a Covid year. Odd that no one is picking up on it. Read here
Economics
Germany’s Not So V-Recovery: Production in August 2021: -4.0% on the previous month
In August 2021, production in industry was down by 4.0% on the previous month on a price, seasonally and calendar adjusted basis according to provisional data of the Federal Statistical Office (Destatis) Read here Link
Economics
DeStatis – Germany’s Export Boom becomes Export Stagnation: July -2.7%
Germany’s inexorable export growth has come to a standstill. Read here
Economics
DeStatis – Germany’s Not So V-Recovery: Production in June 2021: -1.3% on the previous month (Production 6.8% below pre-crisis level)
Germany’s government has everything under control, just like Covid and climate change Read here
Economics
The German V-Recovery that wasn’t: Gross domestic product in the 1st quarter of 2021 down 1.7% on the previous quarter
Angela Merkel’s government knew it. A V-Recovery was on its was. Like the COVID vaccinations they just don’t appear to understand current conditions. Read here
Uncategorized
DeStatis – Germany’s Not So V-Recovery: Gross domestic product in the 4th quarter of 2020 up 0.1% on the previous quarter
Some fancy statistical footwork saves the day. Read here German Minister for Economic Affairs Peter Altmaier explaining why Germany’s V-Recovery is unstoppable
Economics
Germany’s (not so) V-Recovery – November 2020: employment slightly down on the previous month
Despite furlough scheme, hundreds of billions in subventions (mostly for zombie corporations), and other tricks – then this Read here