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
Tehran Times: Iran and the United States are ready to start new negotiations.
The source told SANA that the government calls on the SDF to engage in implementing the March 10 agreement and urges international mediators to move all negotiations to Damascus.
The source told SANA that the conference violates the commitments the Syrian government has begun implementing, including the formation of a transitional justice body and the dialogue process.
A Syrian source told SANA that the government considers this conference an attempt to internationalize Syrian affairs, invite foreign intervention, and reimpose sanctions.
A Syrian government source told SANA that the Syrian government will not participate in planned meetings with the Syrian Democratic Forces in Paris.
TASS news agency, citing a Kremlin official: Putin and Trump will meet in Alaska on August 15.
Al Mayadeen's correspondent in South Lebanon: Israeli drone strike targets vehicle on Zahrani - Tyre Highway.
Israeli media: Israeli Prime Minister's Office: The security cabinet has approved Netanyahu's proposal on Gaza.
Al Mayadeen correspondent: The Lebanese Council of Ministers approved the general objectives of the US paper unanimously by the ministers who remained in the session.
Hezbollah, Amal Movement ministers withdraw from the Lebanese cabinet session as it discusses the proposal of US envoy Tom Barrack.

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

Shiekh Naim Qassem giving a speech commemorating the anniversay of martyr Mohammed Saeed Izadi, August 5, 2025, in Lebanon

Sheikh Qassem threatens 'Israel', warns against foreign intervention

  • Politics
  • 5 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025
Hezbollah says disarming Resistance is a blow to Lebanon’s sovereignty

Hezbollah to overlook cabinet decision; Amal urges corrective approach

  • Politics
  • 6 Aug 2025
India halts $3.6B Boeing deal after Trump slaps harsh tariffs

India halts $3.6bln Boeing deal following Trump's harsh tariffs

  • Economy
  • 6 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
People observe a minute of silence at the Atomic Bomb Hypocenter Park, during a ceremony to commemorate the 80th anniversary of the day an atomic bomb was dropped on Japanese southwestern city, in Nagasaki, Japan Saturday, Aug. 9, 2025 (AP)
Politics

Nagasaki mayor warns of nuclear war on 80th anniversary of atomic bomb

Buildings that were destroyed during the Israeli ground and air operations stand in the northern Gaza Strip as seen from southern occupied Palestine, Friday, August 8, 2025 (AP)
Politics

UK hires US firm for Gaza surveillance flights amid Israeli genocide

Palestinian women mourn over the body of their father, who was killed while trying to reach aid trucks entering northern Gaza Strip through the Zikim, Gaza City, Occupied Palestine, Monday, Aug. 4, 2025 (AP)
Politics

Aid site massacres continue in Gaza, death toll reaches 61,369

A member of a Palestinian excavation team works in a newly discovered Roman era cemetery in the Gaza Strip, Sunday, December 11, 2022 (AP)
Arts and Culture

Paris exhibition showcases 5,000 years of Gaza history, rare artifacts

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