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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.
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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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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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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Output is down 13.3% in two years
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