In a recent report, the Federal Statistical Office (Destatis) highlighted a worrisome trend in the German industrial sector. The order backlog saw a 0.4% decrease in March compared to the previous month. Even more concerning, when adjusted for the calendar, the backlog was 5.8% lower than in the same period last year. This significant reduction raises questions about the resilience and future outlook of German manufacturing amidst a shifting global economy.
42 sats \ 0 replies \ @didiplaywell 24 May
For as long as the underlying economic system is broken, any symptoms as these should be emotionlessly expected. I think each time the symptoms surface we should stress the underlying cause rather than the symptom description, for otherwise when faced with this people's reaction invariably is: "the state should do something about it! it should take more control to ease the situation! capitalism needs state oversight or will fail!"
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