Output kaputt

To put it nicely.

German industrial output posts biggest decline in more than three years – German industrial output fell much further than expected in August, pushed down by a sharp decrease in car production as frontloaded demand ahead of U.S. tariffs dried up.

Industrial production fell by 4.3% compared with the previous month, the federal statistics office said on Wednesday, the biggest fall since March 2022, just after Russia’s invasion of Ukraine. Analysts polled by Reuters had predicted a 1.0% fall.

Productivity?

What’s that? I live in Berlin.

Productivity

Asked which region in Europe has been the absolute worst at realizing its economic potential, most people probably wouldn’t name Berlin. The German capital isn’t just nice to live in, it’s throbbing with excitement; a startup is reportedly created here every 20 minutes, and if you leave for a night out, you risk not coming back for a week. But according to a study of the economic performance of European regions, Berlin is indeed the worst.

What is more important: productivity or a city’s peculiar, esoteric feel? Berlin is one of the places where this question is especially poignant.