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rdf:type	schema:NewsArticle
schema:articleBody	Germany's industrial rebound slowed in July, as the economic recovery from the shock of the coronavirus pandemic started to plateau, according to official statistics released on Friday. Industrial orders increased 2.8 percent month-on month, driven by Germany's all-important car industry, after much stronger rises in May and June, statistics agency Destatis said. The index showed that industrial activity was 7.3 percent below the same month in 2019, and 8.2 percent below February 2020, before the impact of measures to combat the spread the pandemic. The figures were "a slight disappointment," according to Jens-Oliver Niklasch, analyst at German public bank LBBW. "The easily attainable fruits have been harvested," Niklasch said, referring to the immediate economic pickup after Germany began gradually easing its lockdown from mid-April. "Now the economic race to catch up will lose momentum. We will not see the pre-crisis levels quite as quickly as one or the other had hoped recently," he said July's orders were led higher by the automotive industry, with new orders rising by 8.5 percent, and the battery manufacturing sector. Both are benefiting from purchase incentives for electric vehicles, but other branches of the economy are lagging behind, Oxford Economics analyst Oliver Rakau said. However, car industry statistics released on Thursday showed that demand for new cars slowed in August as consumers held back on new purchases. Finance Minister Peter Altmaier said this week that the economy is in the midst of a V-shaped rebound, but the threat of any further spikes in coronavirus infections haunts any recovery. Germany recently reported its highest case numbers since April, and is starting to tighten restrictions again. Chancellor Angela Merkel last week said coping with the outbreak will become more challenging in the coming months as Germany heads into colder weather in autumn and winter. edf/hmn/cdw
schema:headline	German industrial orders rebound decelerates in July
schema:mentions	Plateau Electric vehicle battery Colder Weather Finance minister Industry University of Oxford Angela Merkel Germany Lockdown Pandemic Severe acute respiratory syndrome coronavirus 2 German public bank Landesbank Baden-Württemberg Automotive industry Peter Altmaier CDW Momentum
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-04 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	77 (xsd:integer)

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