The German economy in January 2019 – Paralysis?

Although indications that the German economy ended 2018 in negative territory kept piling up (cf. here for the previous month), the sentiment indicators’s downward path of earlier months accelerate in sync with the industrial production and orders, Destatis just announced that the German economy „only“ stalled in the last quarter of 2018. Let’s look at the development in more detail: 

„The German economy in January 2019 – Paralysis?“ weiterlesen

The German Economy in December 2018 – Recession, anybody?

First of all, I wish all of you a Happy New Year and hope that you had a Merry Christmas with some time to lay back and relax after a year of relentless growth in Germany. The new year, though, does not paint a too glossy picture: Not all figures are in, but it seems that the economy stopped growing at the end of 2018. Also the sentiment-indicators are now facing south in sync and for months in a row and the DAX has reached „bear-territory“ at the end of the year.  „The German Economy in December 2018 – Recession, anybody?“ weiterlesen

The German Economy in November 2018 – not so fast (into the abyss)…

The implicit forecast of my last monthly report, „southbound“ (cf. here) has not really materialised in November. Although leading pundits reduced their forecast for German growth and the DAX did lose another roughly 200 points, exports remain rather strong, jobless-figures are unbelievably low, etc. Hence, also the decline takes some time. But see for yourself:

„The German Economy in November 2018 – not so fast (into the abyss)…“ weiterlesen

The German economy in October 2018 – southbound

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Yep, as predicted in my last monthly report, „(economic) autumn“ (cf. here) has finally arrived in Germany. Amid political tensions after Chancellor Merkel announced her demise as leader of Germany’s conservative party, there is mounting evidence that the German economy has peaked somewhere in the previous months. But let’s have a closer look at the details:  „The German economy in October 2018 – southbound“ weiterlesen