- Germany saw its economy shrink by 10.1 percent in the second quarter compared to the previous quarter, the biggest drop since figures began in 1970. maintained by the statistics office De Statis. It should not be possible to break even again until around 2022.
- Shell has posted a loss of 15.4 billion euros in the second quarter. This huge loss is due to a one-off write-down on oil and gas fields. Due to the corona crisis, the energy giant sold much less fuel and chemicals. The low oil price also puts pressure on the results.
- Producer confidence rose to -8.7 in July, reports CBSIn June, this indicator among industrial entrepreneurs was still at -15.1. Production also increased slightly in July: the machines in factories are now being used for almost 77 percent.
- In week 30, which covers July 20 to 26, 37 companies and institutions were declared bankrupt. According to CBS that is 20 less than in week 29.
- According to ING, the decrease in the number of bankruptcies is due to the support packages from the central government. On BNR spoke Economist Katinka Jongkind of the ING Economic Bureau expects the number of bankruptcies to increase in the fourth quarter, as many schemes end in September.
Nederlands