More awful news about the German economy

Sharing is Caring!

💥 August saw an even steeper drop in incoming orders, killing off any hope for a quick bounce back.

💥 Inflows of new work posted the steepest decline since November last year.

💥 August saw faster reductions in both backlogs of work and employment, pointing to spare capacity at factories.

💥 Goods producers were therefore less optimistic about their growth prospects for the year ahead.


See also  8 Alarming Signs: US Economy Poised for a Hard Landing

There have been some concerning developments in the German economy recently. For instance, Volkswagen is facing potential plant closures and a showdown with unions over cost-cutting measures. Additionally, while the DAX index has hit an all-time high, the overall economy is struggling, no longer in a growth mode.


Views: 401

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.