Schlagwort: industrial production

Throughout the last month, the bad news kept indeed (cf. here) constantly flowing in like waves on a beach. Given the easing of the lockdown and the first tentative steps to reopen the economy at the end of May the question is whether the German economy already bottomed out. To get a grip on that, let’s look into the German economy in some more detail:

As foreseen last, month, the Corona-Pandemic has inded cut into the German economy like a hot knife through an ice-cake – and it does not look good. But hey, let’s look into the German economy in some more detail:

The Corona-Pandemic is cutting through the global economy like a hot knife through an ice-cake – and the German economy is awaiting its „cut“ from the overall cake, so to say (or to stick last months parlour (here): awaiting its piece of sh*** coming back from the fan). But hey, let’s look into the German economy in some more detail:

So, although with a view to the ongoing meltdown in the global economy it might seem a little odd to look at last months figures, this makes sense – if only to ascertain the status before TSHTF. Since, even before the virus really hit, the German economy remained in a rather fragile state, as the January monthly showed (here). But, hey, let’s look into the German economy in some more detail:

While the last „Monthlies“ pointed to a plateauing of the German economy (cf. here and here), the beginning of January marked the point where everybody began to take the threats emanating from the Corona-virus seriously. However, since the economic impact was only starting to gain traction, it is quite interesting to see how the German economy evolved prior to this crucial chain of events. But, hey, let’s look into the German economy in some more detail:

The small ray of light, posted in my Monthly of last month (here) seem to get stronger (by the month). But, hey, let’s look into the German economy in some more detail:

Throughout 2019 I never thought, that I’d post this title at the end of the year. However, given the developments of the last two months (September – plateau already? / October – against all odds) it seems appropriate. But, hey, let’s look into the German economy in some more detail:

… seems to be an appropriate title for this month monthly: Given the last minute’s escape from a „technical recession“, combined with the latest data, last month’s asssessment that a plateau to the recession might be nigh (cf. here), is actually supported. However, some crucial facts and my gut-feeling (sorry, this is not really scientific, I know) point in another direction. But, hey, let’s look into the German economy in some more detail:

Although some indices have improved since August (cf. my earlier report, here), the overall picture of the German economy is still grim. Is this the highly awaited plateau or rather a short breathing-space due to the annual „autumn recovery“? Before trying to answer this question, let’s look into the German economy in more details: