The de-industrialisation of Germany 🇩🇪- Part 10:

The de-industrialisation of Germany 🇩🇪- Part 10: The HCOB Flash Germany Composite PMI Output Index - which gauges activity in the manufacturing and services sectors -fell to 44.7 in August, from 48.5 in July, the lowest level since May 2020. German Chamber of Commerce and Industry Survey - 52% of co.’s say the ’green’ energy transition has a negative impact on their own business. 32% of industrial co.’s plan relocation of capacities abroad or reduction of production in Germany. Mail order retailer , Klingel GmbH (Bell group) declares bankruptcy after 100 years in operation. German industrial production weakened further in July, with energy-intensive industry approaching again the low, set in Dec. 2022. 50,600 businesses closed down in H1 2023, an increase of 12.4% compared to H1 2022. In balance, there has been an increase in new start-ups. The number of corporate insolvencies rose 23.8% in July compared to July ’22. The outflow of capital from Germany since 2013 has exceeded $600 billion, with almost half of that happening in the last two years. Allensbach Survey - 58% of business executives said that Germany has passed its zenith. 76% of managers believe that concerns are justified over de-industrialization. The ifo Business Climate Index (July 2023) has fallen for the third month in a row. The number of company bankruptcies in EU 🇪🇺 countries in Q2 2023 increased by 8.4% compared to Q1, reaching the highest level measured since 2015, when data began to be collected. Previous parts on the de-industrialisation of Germany 🇩🇪: Part 9 - Aug. ’23 Part 8 - Jun. ’23 Part 7 - May ’23 Part 6 - Mar ’23 Part 5 - Feb. ’23 Part 4 - Jan. ’23 Part 2 and Part 3 - Nov. ’22 Part 1 - Oct. ’22 Video source - AfD Clips Источник: The Paradigm Shift Channel ⏳