2024-12-02 17:55:08
Economy
Europe
Politics

Germany Faces Manufacturing Challenges Amid Economic Uncertainty

Germany's manufacturing sector is experiencing a downturn, highlighted by a contraction in output, new orders, and export sales. Employment in the sector is being reduced, although there's a slight uptick in business confidence. This cautious optimism is fueled by the potential for a new government following the coalition collapse and upcoming snap elections in February. Proposed reforms, such as changes to the debt brake, could impact Europe's largest economy.

The challenges are not unique to Germany, as the entire Eurozone sees no signs of recovery. Manufacturing PMIs remain below 50 across the region, indicating ongoing contraction. Political uncertainty, supply chain disruptions, and high costs continue to weigh heavily on businesses.

Further compounding issues, the engineering sector in Germany sees a continued decline in orders, primarily driven by reduced demand both domestically and internationally. The sector, which employs over a million people, is grappling with trade conflicts and competitiveness concerns. Despite some growth in domestic business, the outlook remains bleak with expectations of a production decline in the coming years. These trends underscore the broader economic challenges faced by Germany and its manufacturing industries.

EuroNews
2. Dezember 2024 um 09:19

Political risk in France and US employment data in focus in the markets this week

Finance
Politics
Economy
Political tensions in France, Germany's manufacturing and services PMI data, Italy and Spain's November PMI figures, S&P Global's flash manufacturing and services PMI estimates, Australia's third-quarter GDP data, and US labor market data are in focus for financial markets. The possibility of an interest rate cut by the European Central Bank (ECB) will also be monitored. The French government crisis and calls by National Rally leader Marine Le Pen could affect the markets. In the US, JOLTS job..
gmx
2. Dezember 2024 um 09:02

Weakness in mechanical engineering continues

Economy
Finance
Decline in machine orders in Germany; Weakness in important sales markets such as China and the USA; Concerns about trade conflicts and the competitiveness of the German location; Expectation of a production decline of 2% to 2025; Bright spot in the domestic business; Major orders in the previous year's month; Industry employs over 1.2 million people.
Tagesspiegel
2. Dezember 2024 um 09:02

Economic Situation: Weakness in Mechanical Engineering Continues

Economy
Mechanical engineering in Germany: Domestic orders +3%, foreign orders -14%; Total orders in 2023 8% below the previous year; The industry employs 1.2 million people; Trade conflicts, competitiveness and weak demand in China, USA are exacerbating the situation; A production decline of 2% to 2025 is expected.
Frankfurter Rundschau
2. Dezember 2024 um 09:02

Weakness in mechanical engineering continues

Economy
Finance
Order decline of 8% in 2023; Production decline of 8% in 2023 and 2% until 2025 expected; Domestic business with 3% growth, foreign business with 14% decline; 1.2 million employees in Germany; Large orders in the previous year's month of October 2023; Concerns about trade conflicts and the competitiveness of the location Germany.
CW

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