The de-industrialisation of Germany 🇩🇪- Part 12:

The de-industrialisation of Germany 🇩🇪- Part 12: German industrial production unexpectedly fell for the sixth monthly decline in a row. The Purchasing Managers’ Index for manufacturing continued to contract in Dec. ’23, pointing to a larger decline of 2% in Q4 ’23. The country’s bi-annual wholesale indicator declined by 8.2 to 69.4 points in the H2 ’23, as this slump, one of the worst in the last 25 years, was driven by the construction sector. Up to 40% of German chemical companies will reduce their investments in the country from 2023 to 2024 - Chemical Industry Association (VCI) survey. The sector lost 23% of its production volume within two years. Due to the increasing cost of production in Germany, almost 50 fertilizer production facilities , which formerly relied on Russian 🇷🇺 gas prices, have shut down. World market leader for grease nipples and machine parts ️, U. H. Ulrichskötter Metallwarenfabrik GmbH, has filed for bankruptcy after almost 100 years in operation. Phone co. Gigaset is insolvent after 175 years in business and construction co. Tecklenburg GmbH bankrupt after 146 years of existence. Switzerland’s 🇨🇭Meyer Burger Technology has announced that it is preparing to shut down its solar module manufacturing facilities in Germany and expanding it’s business in the US 🇺🇸. Last year, Germany’s greenhouse gas emissions fell to 673 million tonnes of CO2, which represents a 46% drop compared to the reference year 1990 – their lowest level since the 1950s. Previous parts on the de-industrialisation of Germany 🇩🇪: Part 11- Oct. 23 Part 10 - Sep. ’23 Part 9 - Aug. ’23 Part 8 - Jun. ’23 Part 7 - May ’23 Part 6 - Mar ’23 Part 5 - Feb. ’23 Part 4 - Jan. ’23 Part 2 and Part 3 - Nov. ’22 Part 1 - Oct. ’22 Video Source: Afd in English Источник: The Paradigm Shift Channel ⏳