Post AdfkyXDYo5vcL6VLai by yogthos@mas.to
 (DIR) More posts by yogthos@mas.to
 (DIR) Post #AdfkyV28vZbhZ79CW8 by yogthos@mas.to
       2024-01-09T12:34:57Z
       
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       German industrial output declined in November, underscoring the persisting manufacturing woes.Production declined 0.7% from October, led by capital goods, and intermediate goods. That’s the sixth consecutive drop and defies economists in a Bloomberg survey, who’d predicted a 0.3% increase. Germany probably ended 2023 with its first recession since the pandemic, as analysts reckon data will reveal a second straight contraction in output in the fourth quarter. https://www.bnnbloomberg.ca/german-industry-shrinks-for-sixth-month-as-recession-looms-1.2019493
       
 (DIR) Post #AdfkyWDsVQaXFne5Ro by efialto@mastodon.online
       2024-01-09T14:22:36Z
       
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       @yogthos BASF moved to China after the Nordstream sabotage. That's the superhuge, slow earthquake that will tremble UE in the next years.BASF is a gigantic chemical company providing almost every other company in Europe.
       
 (DIR) Post #AdfkyXDYo5vcL6VLai by yogthos@mas.to
       2024-01-09T14:40:25Z
       
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       @efialto I'm expecting this will be the trend for most of the European industry going forward. Some will move to US, but a lot of it will end up going to Asia, and to China in particular.
       
 (DIR) Post #AdfkyY0pqtLMnvYhOa by adiz@soc0.outrnat.nl
       2024-01-09T14:44:12.715Z
       
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       @yogthos@mas.to Thailand and Vietnam have been blowing up in recent years. Even China is moving a lot of manufacturing over there as their economy further develops out of raw labor markets. @efialto@mastodon.online