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Forecast: Energy consumption likely to fall to record low in 2023

Forecast: Energy consumption likely to fall to record low in 2023. Associations assume that companies and households in Germany will consume significantly less electricity and heat this year. This should reduce CO₂ emissions – but it does not bode well for the economic situation. Compared to the previous year, the Working Group on Energy Balances expects a decline of almost eight percent to 10,784 petajoules, which corresponds to 2996 terawatt hours. This would mean that consumption would be almost 28 percent below the previous high of 14,905 petaj Joules in 1990.

Economy in Germany: Surprising increase in orders for industry

Large orders from abroad brought a surprising increase in orders to German industry in June. But economists still do not see a trend reversal in the economy. The strong growth in orders is not yet reflected in sales: real sales in the manufacturing sector were 1.6 percent lower in June than in the previous month. The picture is also less good when looking at the second quarter as a whole: From April to June, orders increased by only 0.2 percent compared to the previous period, according to the Federal Statistical Office.

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