Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Information Minister in Pakistani-administered Kashmir: Five civilians killed and at least 29 others injured in shelling across the border with India
Israeli Army Radio's diplomatic correspondent quoted a senior Israeli official as saying: So he [Trump] decided to cut off contact. That might still change, but that’s the situation right now
Israeli Army Radio's diplomatic correspondent quoted a senior Israeli official as saying: Trump’s circle told him [Dermer] that Netanyahu was manipulating him, and there’s nothing Trump hates more than being portrayed as someone being played
Senior Palestinian official to Al Mayadeen: Meetings between the Israelis, Egyptians, and Qataris are all centered around the Israeli proposal, which does not guarantee an end to the war [on Gaza]
Senior Palestinian official to Al Mayadeen: “Israel” is threatening to expand the ground offensive if Hamas rejects the proposal
Senior Palestinian official to Al Mayadeen: Hamas rejects the Israeli proposal, viewing it as failing to guarantee an end to the war
Senior Palestinian official to Al Mayadeen: “Israel” is sticking to its proposal, and insists there is no alternative offer on the table for negotiation
Senior Palestinian official to Al Mayadeen: The meetings between the Israelis and the Egyptians and Qataris all revolve around the Israeli proposal
The administration was clearly looking for an off-ramp for this campaign against Ansar Allah, NBC News reports, citing US official
Trump's operation against Ansar Allah cost more than $1 billion, NBC News reports, citing US official

German industrial production plummeting amid high energy costs

  • By Al Mayadeen English
  • Source: Agencies
  • 7 Sep 2022 19:18
2 Min Read

Official figures on the manufacturing sector, the pillar of the German economy, are causing concerns over the coming of a possible recession in the near future.

  • x
  • German industrial production plummeting amid high energy costs
    Rainer Jopp makes the final check of an e-Golf electric car in the so-called light tunnel during the official production start in the German car manufacturer Volkswagen Transparent Factory (Glaeserne Manufaktur) in Dresden, eastern Germany, Monday, April 3, 2017 (AP Photo/Jens Meyer)

A drop has been found in German industrial production during the month of July, according to official figures published in a report by the federal statistics agency Destatis on Friday, with a sharper downturn for energy-intensive sectors where the costs of production have soared.

According to the report, the German manufacturing industry produced 0.3 percent less in July compared with the previous month, after a comparable 0.8 percent rise in June.

Since the war in Ukraine began, the sanctions imposed on Russia have caused more harm to EU economies, including Germany's economy. 

Read more: Germany considers VAT waiver for gas surcharge - Minister

In energy-intensive industries, such as chemicals or metals, production fell more sharply, dropping by 1.9 percent in July and by almost seven percent since February. 
 
"Sharply rising energy prices pose a serious problem for industry," said Siegfried Russwurm, head of the influential BDI industry lobby.

A €65 billion ($64 billion) inflation-relief package announced "helps companies too little", Russwurm said, calling on the government to design a further set of measures specifically for industry.

Related News

EU delays exit proposal from Russian energy amid geopolitical shifts

EU split over Russian gas comeback in war talks: FT

The report also mentions that industrial production was similarly down 1.1 percent in the year to July.

Disruptions in the supply chain are blamed on the COVID-19 as well as the Russia-Ukraine conflict.

Russia halting of its Nord Stream 1 gas pipeline last week has sparked concerns all over Europe regarding energy prices as manufacturing has taken a hit all over the continent, especially in the UK.

Previously, Gazprom said gas would continue to flow on Saturday after a different turbine repair was required. However, Western sanctions have made it difficult for the energy company to pursue its maintenance routine.

Thirteen EU nations have either ceased getting Russian gas entirely or are only receiving a portion of it due to the temporary blockage of the Nord Stream pipeline 1, the Russian TASS news agency reported last week.

The dwindling of gas supplies and the soaring cost of energy have stoked fears Germany could fall into recession over the winter season. 

Read more: Germany issues nearly €65 bln relief to deal with winter energy crisis

  • german
  • Recession
  • Russian oil

Most Read

Pro-Palestinian protesters march toward the US Immigration and Customs Enforcement (ICE) headquarters, Saturday, April 5, 2025, in Washington (AP)

US House to vote on bill criminalizing boycott of 'Israel'

  • Politics
  • 3 May 2025
Throughout Operation Prosperity Guardian, current and former US military and intelligence officials expressed disquiet at the enormous “cost offset” involved in battling Ansar Allah. (Al Mayadeen English; Illustrated by Zeinab El-Hajj)

Ansar Allah triumphant: US facing Red Sea defeat again

  • Opinion
  • 3 May 2025
Pakistan downs an Indian jet and hits a military base in Kashmir escalation.

Pakistan downs 3 Indian jets, hits military base in Kashmir escalation

  • Politics
  • 7 May 2025
Trump cut off contact with Netanyahu, senior Israeli official says

Trump cut off contact with Netanyahu: Israeli media

  • US & Canada
  • Today

Coverage

All
Gaza prevails against genocide

Read Next

All
UN experts warn: Stop the genocide or witness Gaza's end
Politics

Stop the genocide or witness end of life in Gaza: UN experts warn

Israeli police attack mourners as they carry the casket of killed Al Jazeera veteran journalist Shireen Abu Akleh during her funeral in occupied al-Quds, Friday, May 13, 2022. (AP)
Politics

Israeli sniper who killed journalist Shireen Abu Akleh identified

The Department of Defense logo is seen on the wall in the Press Briefing room at the Pentagon, Oct. 29, 2024, in Washington. (AP)
Politics

Pentagon’s unused properties drain billions in taxpayer funds

Haaretz
Palestine

Israeli military avoids calling up unwilling reservists: Haaretz

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS