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rdf:type	schema:NewsArticle
schema:articleBody	German industrial production was further ground down in December as the US-China trade conflict dragged on, official data showed Friday, while the country's prized trade surplus also ticked down over 2019 as a whole. Output at maker firms fell 3.5 percent month-on-month, statistics authority Destatis said in seasonally adjusted data, and was down 6.8 percent on the year. Production was lower across all manufacturing sectors, with producer goods, consumer goods and capital good firms falling back. Meanwhile there was also a sharp fall of 8.7 percent in the construction sector, which had been one of the few bright spots. "Recent tentative progress in production and incoming orders points to weak growth not yet being overcome," the economy ministry in Berlin said in a statement. The fall "contradicts the widely held view that Germany's manufacturing sector was beginning to recover at the end of last year," Capital Economics analyst Andrew Kenningham commented. "We doubt this will be the last of the run of negative quarters," he added, pointing to a looming impact of the novel coronavirus outbreak in China on supply chains in Germany's vital car industry. Destatis reported in a separate release that Germany's trade surplus -- the amount exports outweighed imports -- fell back to 224 billion euros ($245 billion) over the full year in 2019, slightly lower than the previous year's 228 billion euros. While knock-on effects from the US-China trade war and threats from Washington to open up a new front with the EU weighed on sales of German goods abroad, exports still added 0.8 percent over 2018's level, at over 1.3 trillion euros. But imports picked up faster, adding 1.4 percent to top 1.1 trillion. tgb/jh
schema:headline	Trade wars gnaw on German industry and exports
schema:mentions	Washington Mystics Balance of trade Industry Berlin Germany European Union China Severe acute respiratory syndrome coronavirus 2 Capital good China–United States trade war Capital Economics
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-07 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	65 (xsd:integer)

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