EU’s economic engine grinding to a halt

ER Editor: Meanwhile, not far away — Russian economy returning to growth – World Bank

While the EU continues to propose this suicidal solution — EU looks to target more Russians with sanctions

Readers may also be interested in this –

Germany’s Economic Downturn: Fourth Largest Global Economy Slips into Recession


EU’s economic engine grinding to a halt

German factory orders fell sharply in machinery, equipment, and miscellaneous vehicle production


Factory orders in Germany dropped in April amid persistently high prices that caused a decline in large-scale purchases, data from the country’s federal statistics office Destatis showed on Tuesday.

Overall new orders in manufacturing fell by 0.4% from the previous month. The drop in bookings was smaller than in March, when they plummeted 10.9% from February, the biggest fall since April 2020 during the Covid-19 lockdowns. However, the decline was notable in comparison to last year’s figures, with orders plunging 9.9% versus last April.

EU’s economic engine grinding to a halt

The data revealed significant differences in orders across industrial sectors. Bookings in machinery and equipment manufacturing fell 6.2% month-on-month in April, while miscellaneous vehicle construction, which includes ships, trains, aircraft, spacecraft, and army vehicles, showed a 34% plunge. These sectors had a particularly strong negative impact on the overall statistics, Destatis said.

New orders in the consumer goods and capital goods sectors also dropped, by 2.5% and 1.7% respectively. Electrical equipment and motor vehicles, on the other hand, saw respective gains of 12% and 2.4%.

Overall domestic orders were slightly up, by 1.6%. Foreign orders, meanwhile, dropped by 1.8%.

Analysts attribute the drop in manufacturing orders to elevated prices and tight monetary policy, which are dragging down demand. Germany has formally entered a recession after seeing two consecutive quarters of economic contraction.

Meanwhile, the German Economy Ministry said that the country’s “export-oriented economy is suffering particularly from the still weak global economy and the decline in orders from the euro area.

According to economists at Commerzbank, the existing order backlog may be sufficient to support German industry “for a few months.” However, given the dearth of new orders, industrial activity is likely to see “a significant decline” in the second half of the year.

Industry is then likely to play a major role in causing the German economy to contract again.”




The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)


Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.


Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.


Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.

1 Comment on EU’s economic engine grinding to a halt

  1. And “Germany” would never allow France to survive, also energetically (Le Figaro article) :

    Florian Philippot
    ·8 juin
    Fou : #EDF ne peut plus investir un seul euro dans ses barrages hydroélectriques, car une directive européenne l’en priverait immédiatement de la propriété !
    On marche sur la tête !

    Bruxelles exige toujours la privatisation de nos barrages !
    Sortons de cet enfer ! #Frexit

Leave a Reply

Your email address will not be published.