Auftragseingänge – legonomics

The German economy in June 2024 – „hard“ KPI’s southbound

Last month showed that Germany’s economy is not a European Champion anymore (here), and in June it does not really get better. But, hey, let’s take a closer look at how the German economy is faring:

The German economy in May 2024 – not really a European Champion

Although quite a formidable phalanx of pundits indeed see the German economy „coming out of the woods yet“ (cf. my last monthly, here), not only the mood but also the current figures are not really champion-like. But, hey, let’s dive deeper into the facts:

The German economy in April 2024 – out of the woods already?

Well, „subdued“ – the term I used in my last issue (here) – was the correct description of Germany’s economy as it turns out now. But, hey, let’s look at the current stage in more detail and assess how it will develop:

The German economy in March 2024 -„subdued“ is the term u r looking for

While starting to write this monthly, I realised that one of the first sentences of my last one ended in nirvana („… it seems that the roller-coaster …“, here) Well, unintend pun that was. But, hey let’s take a more closer look at how the German roller-coaster, aka „economy“ fared in March:

The German economy in February 2024 – roller-coaster…

After a non-happy ending to 2023 (here) and a not-promissing to 2024 (here), it seems that the roller-coaster. But, hey let’s take a more closer look at the German economy:

The German economy in January 2024 – slowly, but steady…

As bad as 2023 ended (here), 2024 begins and the stream of bad news seems to continue unabated, as the following „monthly“ shows:

The German economy in December 2023 – end of the illusion

As the newly published German GDP-figures (see below) drastically prove, the year 2023 did indeed not not provide for a happy-end for the German economy (as predicted in November, here). As painful as it is, let’s take a closer look at some of the German „performance indicators“:

The German economy in November 2023 – towards a not so happy end

The „b(e)acon of hope“ in July (here) proved to be rather a cognitive dissonance in August (here) which led to a slippery slope in September (here) and in October, hope was definitely fading for the German economy (here). So, let’s take a closer look at the how the year nears its closing in November:

The German economy in October 2023 – fundamentals do not support hope

The „b(e)acon of hope“ we were experiencing in July (here) proved to be rather cognitive dissonance in August (here), but seemingly, the pundits did not realise that sentiment (indices) might prove to be a slippery slope in September (here). But, hey, let’s take a closer look at the how German economy slipp****, mh, fared in October:

The German economy in September 2023 – slippery sentiment

Already in May the German economy was going south with astonishing speeed (here), however, larger parts of the public only realised that in June (here) but were still seeing a „b(e)acon of hope“ in July (here) and did not really lose their cognitive dissonance in August (here). So, let’s take a closer look at the how German economy fared in September: