More awful news about the German economy

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💥 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.


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.

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