The de-industrialisation of Germany 🇩🇪
The de-industrialisation of Germany 🇩🇪
🔹The HCOB German Flash Composite Purchasing Managers’ Index, fell 📉 to 45.8 in Oct. from Sep.’s 46.4, below the 46.7 forecast, as GDP declined 0.2% in the quarter through Sep.
🔹Cancellations in the residential construction sector has hit a 30 year high 📈. Umland of Egeln, is declared the first municipal housing co., to be in insolvency proceedings.
🔹230 year-old fine tin-glazed pottery 🏺business Zeller Keramik of Ortenaukreis, has filed for bankruptcy.
🔹Biebelhausener Mühle GmbH (a traditional baking co. 🍞) based in Ayl-Biebelhausen since the 17th century declares insolvency.
🔹Bankruptcies on a y-o-y basis in manufacturing increased by 22.6%, in retail went up by 18.5% and in the service sector rose by 16.7%.
🔹Siemens Energy AG faces mounting issues with malfunctioning turbines and unprofitable contracts, set to push the co. to a €4.5 billion 🔻 ($4.8 billion) net loss this year. The co. may be considering shutting down Siemens Gamesa factories and sales offices.
🔹Survey among 115 works council chairmen showed that 44% of automotive suppliers are considering relocating their production abroad. The investments of German companies abroad were 125 billion euros higher than the simultaneous investments of foreign companies in Germany.
🔹Wholesale prices declined 4.1% y-o-y to the lowest level in Sep., marking the most significant drop since May 2020, signalling a weakening demand environment.
-
2:02:16
Redacted News
5 hours agoBREAKING! Trump Jury Asks For Dozens of Documents & Testimony, Verdict IMMINENT? | Redacted Live
130K191 -
40:36
The Why Files
17 hours agoKenny Veach Vanishes on his Quest for the M Cave
50.7K29 -
2:54:32
Barstool Yak
9 hours agoThe Yak Plays Roofball LIVE from a House Outside Chicago | Presented by High Noon | The Yak 5-30-24
46.1K2 -
1:00:11
In The Litter Box w/ Jewels & Catturd
22 hours agoDishonorable Judge Merchan | In the Litter Box w/ Jewels & Catturd - Ep. 576 - 5/30/2024
74K20 -
2:16:01
Tucker Carlson
6 hours agoTim Dillon: Disney, Boomers, and the Creepy Corporations That Pretend to Love You
130K156 -
3:51:48
MissesMaam
8 hours agoCozy gamez + Coffee 💚✨
47.8K4 -
8:24
UFC - Ultimate Fighting Championship
5 hours agoUFC 302 Embedded: Vlog Series - Episode 3
44K6 -
2:54:58
The Charlie Kirk Show
7 hours agoThe Great Pro-Trump Vibe Shift + A Bachelor's Trial | Newt, Smith, Echard | LIVE 5.30.24
125K65 -
1:44:30
vivafrei
10 hours agoTrump Trial VERDICT WATCH! Liberals Fixated on Menstruation! AND MORE! Viva Frei Live!
100K152 -
1:05:33
Michael Franzese
1 day agoMichael Franzese LIVE! | Trump's Trial & Getting CANCELED in The UK | Ep. 5
50.9K44