The German Economy's Tanking Too

A blog about business and economics.
June 21 2012 8:39 AM

Don't Look Now, But The German Economy's Tanking Too

146591098
German Chancellor Angela Merkel speaks during a press conference after a meeting with Dutch counterpart at the Chancellery on June 20, 2012 in Berlin.

Photo by JOHANNES EISELE/AFP/GettyImages

One of the dominant themes of the eurozone crisis has been the continued strength of the German economy, an export powerhouse that's been well-positioned to take advantage of rapid growth in China. Except the latest German PMI numbers show output shrinking in June. And PMI also showed German output sinking in May. And the June shrinkage was worse than the May shrinkage—German manufacturing activity's now at a three-year low.

On the one hand, that rapid Chinese growth seems to be hitting a wall. On the other hand, exports to the eurozone "periphery" are another important part of the German economic mix.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

TODAY IN SLATE

Doublex

Crying Rape

False rape accusations exist, and they are a serious problem.

Scotland Learns That Breaking Up a Country Is Hard to Do

The Most Terrifying Thing About Ebola: It Preys on the Compassionate

The Music Industry Is Ignoring Some of the Best Black Women Singing R&B

How Will You Carry Around Your Huge New iPhone? Apple Pants!

Culturebox

Theo’s Joint and Vanessa’s Whiskey

No sitcom did the “Very Special Episode” as well as The Cosby Show.

Television

The Other Huxtable Effect

Thirty years ago, The Cosby Show gave us one of TV’s great feminists.

Cliff Huxtable Explains the World: Five Lessons From TV’s Greatest Dad

Why Television Needs a New Cosby Show Right Now

  News & Politics
The World
Sept. 19 2014 12:33 PM The Precarious Predicament of Russia’s Neighbors
  Business
Moneybox
Sept. 19 2014 12:09 PM How Accelerators Have Changed Startup Funding
  Life
The Eye
Sept. 19 2014 12:50 PM This Whimsical Driverless Car Imagines Transportation in 2059
  Double X
The XX Factor
Sept. 19 2014 11:33 AM Planned Parenthood Is About to Make It a Lot Easier to Get Birth Control
  Slate Plus
Slate Picks
Sept. 19 2014 12:00 PM What Happened at Slate This Week? The Slatest editor tells us to read well-informed skepticism, media criticism, and more.
  Arts
Brow Beat
Sept. 19 2014 12:10 PM Watch the Trailer for Big Eyes, a Tim Burton Movie About People With Normal-Sized Eyes
  Technology
Future Tense
Sept. 19 2014 12:38 PM Forward, March! Nine leading climate scientists urge you to attend the People’s Climate March.
  Health & Science
Medical Examiner
Sept. 19 2014 12:13 PM The Most Terrifying Thing About Ebola  The disease threatens humanity by preying on humanity.
  Sports
Sports Nut
Sept. 18 2014 11:42 AM Grandmaster Clash One of the most amazing feats in chess history just happened, and no one noticed.