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
Al-Houthi: The Israeli enemy's record is one of terrible and horrific crimes, full of bloodshed against the Palestinian people and people in Lebanon, Syria, Iraq, and Iran.
Al-Houthi: The crime of targeting ministers and civilian workers adds to the Israeli enemy's criminal record in the region.
Al-Houthi: All of the martyrs were ministers working in civilian fields.
Sayyed Abdul Malik al-Houthi: We extend our sincerest condolences to all the martyrs' families, their loved ones, their colleagues, and our dear people.
Al Mayadeen's correspondent: An Israeli drone targeted a residential apartment in the al-Natour Square in the Sheikh Radwan neighborhood of Gaza City
Israeli media, citing the occupation army: We tried to "eliminate" Hamas spokesperson Abu Obeida
Al-Mashat: I call on everyone worldwide to avoid dealing with any assets of the entity, and there is still an opportunity for settlers to return to their countries
Al-Mashat: A final warning to all companies in the occupation entity to leave before it’s too late
The Israeli occupation army carries out a deadly airstrike on a populated residential building in the densely populated al-Rimal neighborhood, west of Gaza City, resulting in dozens of fatalities and injuries: Al Mayadeen's correspondent
Al-Mashat: We say to Gaza, we stand firm regarding our stance, no matter the sacrifices

Germany industrial orders in decline for 6 month

  • By Al Mayadeen English
  • Source: Agencies
  • 6 Sep 2022 14:27
  • 2 Shares
3 Min Read

The German economy is staggering so much so that the demand for industrial items is declining to near-historic lows.

  • x
  • Two BASF employees at an inspection tour at the Ludwigshafen plant
    Two BASF employees at an inspection tour at the Ludwigshafen plant

Germany's industrial orders have been taking on a downward trend for the sixth consecutive month, official data showed Tuesday, which suggests that recession is looming on the horizon of the biggest economy in Europe.

Fresh orders dipped by 1.1% month on month, the federal statistics agency Destatis said in a statement. This marks a 13.6% year-on-year decrease when orders were particularly soaring due to the economy emerging from the COVID-19 lockdown and the industry springing back into action.

The German industry, which mostly relies on export, has taken several hits, especially with the Ukraine war that increased the strain on supply chains and caused several hikes in energy prices.

"Shrinking order books add to current recession fears. With surging energy prices and fading new orders, the outlook for the German industry is anything but rosy," ING economist Carsten Brzeski said on the issue.

Demand has been in decline for months in Germany and the rest of Europe alike, with German orders decreasing by 4.5% and the eurozone following suit by 6.4% in July. Meanwhile, the economies outside the eurozone witnessed an uptick of 6.5%.

Germany's economy saw practically no growth over the course of the few past months, with the national GDP growing barely 0.1%.

Related News

Bulgaria faces protests as Euro adoption nears approval

German economy shrinks 0.3% in 2023

As the German economy struggles, Russia's decision to suspend the operation of its Nord Stream 1 pipeline has given rise to fear about the prospects for gas prices as the European economy has taken one hit after the other due to the Western sanctions on Moscow.

Gas supplies via Nord Stream have completely stopped since August 31 and the operation of the pipeline has been suspended due to scheduled maintenance work at the Portovaya compressor station, data from gas transportation system operators showed.

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 Nord Stream 1 pipeline is highly significant for Europe. Running through the Baltic Sea to Germany, the gas pipeline supplied around a third of the Russian gas exports to Europe. Before its shutdown for maintenance last week, the pipeline was running at 20% of its capacity.

Surging costs of power linked to gas prices have already stunted the production of various industries, such as fertilizers and aluminum manufacturers, and prompted EU governments, such as Germany, to increase their spending by billions in order to help their citizens.

Italy and Germany are now the two largest European countries most exposed to a gas supply shock due to their extensive use of natural gas and significant reliance on Russia, according to S&P Global Ratings.

About 60% of Germany's natural gas supply was piped in from Russia in 2020, primarily under long-term contracts.

  • Eurozone
  • Europe
  • Russia
  • Italy
  • Germany
  • Ukraine
  • Nord Stream
  • European Union

Most Read

Fierce resistance ambushes target IOF in Gaza Strip

Fierce resistance ambushes target IOF in al-Zaytoun, Gaza City

  • Politics
  • 30 Aug 2025
Tom Barrack's imperial tantrum in Beirut: When entitlement speaks (Photo by Mahdi Rtail)

Tom Barrack's imperial tantrum in Beirut: When entitlement speaks

  • Politics
  • 26 Aug 2025
Although it does seem likely they will launch some kind of operation in northern Gaza, one which will accelerate its mass murder of civilians, but will fail to achieve its stated objectives. (Al Mayadeen English; Illustrated by Batoul Chamas)

Here is why the Israeli occupation of Gaza won’t work

  • Opinion
  • 26 Aug 2025
A scene showing an al-Qassam Brigades fighter during an ambush on July 7, 2025, in a video released by the al-Qassam Brigades on August 26, 2025 (al-Qassam Brigades Military Media)

Al-Qassam reveals Beit Hanoun ambush targeting Israeli forces

  • Politics
  • 26 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Indonesia president says some protests 'leaning towards treason'
Politics

Indonesia president says some protests 'leaning towards treason'

Photo from the United 4 Gaza protest in Frankfurt Germany on August 30, 2025 (@theLeanderthal on X)
Politics

Over 10,000 join pro-Palestine protest in Frankfurt, Germany

NATO became tool of US expansion: US economist
US & Canada

NATO became tool of US expansion, says US economist

An Israeli soldier walks on a road following a military raid in the West Bank village of Al-Mughayyir, on August 24, 2025. (AP Photo/Majdi Mohammed)
Politics

New illegal Israeli settlement established near al-Khalil

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