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rdf:type	schema:NewsArticle
schema:articleBody	German industrial output ticked up in September as Europe's largest economy continued to rebound from the initial shock of the pandemic, official data showed Friday. Industrial production rose 1.6 percent month-on-month in September, federal statistics agency Destatis said, driven by a strong performance in Germany's key car industry. It marks the fifth month in a row that production increased, after Destatis upgraded its August figure to a rise of 0.5 percent from a fall of 0.2 percent. Output nevertheless remains well below pre-pandemic levels, with the September figure 7.3 percent down on the same month in 2019. Chancellor Angela Merkel's government introduced new restrictions this month to curb a second coronavirus wave targeting hospitality, culture and leisure services. But with factories staying open, manufacturing is not expected to be severely impacted. Although the economy as a whole will "suffer a significant setback", Germany's manufacturing sector "should be able to continue its recovery" in the final months of 2020, Andrew Kennington at Capital Economics said. Europe's top economy contracted 9.8 percent in the second quarter at the height of pandemic lockdowns, before rebounding 8.2 percent in the third quarter. Output in Germany's crucial auto industry rose by 10 percent in September compared with August when it fell by 10.3 percent, in part due to summer factory shutdowns, Destatis said. "The strong growth in the automotive industry is remarkable," said LBBW bank economist Jens-Oliver Nicklash. "The coming months will be marked by a two-speed economic cycle: robust in industry but fragile in the service sector." edf/mfp/rl
schema:headline	German industrial production accelerates in September
schema:mentions	ReMarkable Industry Angela Merkel Germany European Union Pandemic Severe acute respiratory syndrome coronavirus 2 Kennington Business cycle Landesbank Baden-Württemberg European Development Fund Tertiary sector of the economy Automotive industry Capital Economics Economy
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-11-06 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	70 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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