German Industry Faces Steep Decline Amid Policy Crisis
549 sats \ 6 comments \ @TomK 4 Jul econ
Germany's industrial sector is experiencing a significant downturn. Struggling under heavy regulatory and energy policies from the current administration, the industry is not just in a recession—it's facing a full-blown depression, with growth potential being severely stifled by political actions.
  • Continuous Decline: May marked the fifth consecutive month of order decreases for the industry, with a 1.6% drop from the previous month, according to the Federal Statistical Office.
  • Surpassing Predictions: Analysts had forecasted a modest increase of 0.5%, but the reality was an 8.6% year-on-year plunge in orders.
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75 sats \ 0 replies \ @Satosora 4 Jul
The energy policies are really stifling Germany. Depending on how things go, they will be in front of the oil free initiative or will have fallen behind everyone else.
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45 sats \ 2 replies \ @duvel 5 Jul
I'm shocked that you mentioned a depression, because of the severity. Could this spread to the rest of Europe? With regard to the depression, shouldn't it at least last several years before to call it a depression?
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50 sats \ 1 reply \ @TomK OP 5 Jul
It is difficult to read reality from the fog of economic data published mostly by government organizations. but we do know: government debt is rising, inflation has been very high, in Germany industry has reduced its production volume by over 13% in two years - to me this all points to an economic depression, even though the government is running massive government demand programs to cover this up.
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0 sats \ 0 replies \ @duvel 5 Jul
Thank you for the reply. It's indeed very interesting to see that not 1 article mentions a depression. Mostly not recent articles talking about a recession.
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42 sats \ 1 reply \ @0xbitcoiner 4 Jul
Sometimes a decrease in orders does not necessarily represent a decrease in production/volume. From what you've posted, that doesn't seem to be the case. Do you have any graphs that demonstrate a decrease in production/volume as a result of the decrease in orders?
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32 sats \ 0 replies \ @TomK OP 4 Jul
Output is down 13.3% in two years
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