Germany's manufacturing sector faced challenging times, residing deep within the contraction zone. However, there's a silver lining as indicators hint that the trough may have been traversed. S&P Global's Purchasing Managers' Index for this sector rose to 43.3 from 42.6 points, surpassing the anticipated 43.1.
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100 sats \ 1 reply \ @dgy 2 Jan
Germany is deindustrializing with the same German efficiency as they have been industrialized centuries ago. Hard do reverse...
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0 sats \ 0 replies \ @TomK OP 2 Jan
Very likely
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0 sats \ 3 replies \ @Undisciplined 2 Jan
If so, that was a pretty quick correction. With all the green regulation in Germany, why wouldn't manufacturers take the opportunity to relocate elsewhere?
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277 sats \ 2 replies \ @TomK OP 2 Jan
Could be a statistical basis effect. I was thinking about that, too. Maybe a part is war economy?
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0 sats \ 1 reply \ @Undisciplined 2 Jan
Is military spending/production ramping up in Germany? Throughout the EU?
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277 sats \ 0 replies \ @TomK OP 2 Jan
I have a contact at 'Rheinmetall'. Civil division was a red zero in 2023. Military div running hot. The EU is financing a lot
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