La crise de l’euro commence à se faire sentir en Allemagne : forte baisse des exportations allemandes en août

Infographie : F Descheemaekere

Euro Crisis Starts to Bite: German Export Orders Fell Sharply in August
 
[Spiegel Online]

German exporters suffered their biggest drop in international orders in more than three years in August, according to a survey released on Monday. Retailers too are starting to feel the impact of the euro crisis. Europe's largest economy, it seems, is losing its immunity to Europe's debt problems.

Exports are a major pillar of the German economy, but now the sector is starting to feel the impact of the euro crisis and the global economc slowdown. German export orders fell in August by the highest rate in more than three years, the Markit financial information company announced Monday after conducting a survey of 500 industrial firms. "Survey respondents commented on a general slowdown in global demand and particular weakness in new business inflows from Southern Europe," the institute said. The firms hardest hit by declines are manufacturers of machinery and other investment goods
as well as producers of intermediate goods such as chemicals. In the first half of 2012, German exports had still grown thanks to demand from Japan, the United States and Russia. But it was already evident then that exports to crisis-hit countries were falling sharply, and that trend is now continuing.
Lire : spiegel.de