Dark times for German industry

» Updated: October 08 2024

» Published: October 07 2024

Dark times for German industry
Photo: Martin Meissner/AP/TT

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It's going really slow for the German industry. August statistics regarding the country's industrial order figures show a weak development. The decline is written off at 5.8 percent on a monthly basis, significantly worse than the analysts' expectations, which were at a decline of 2.0 percent.

Especially the important automotive industry has shown clear signs of weakness lately, with a number of profit warnings from several of the German car giants.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers
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