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rdf:type	schema:NewsArticle
schema:articleBody	Germany saw a jump in industrial orders in January, before the impact of the novel coronavirus began to hit the world economy, data released on Friday showed. After a slow end to 2019, orders rose 5.5 per cent month-on-month in January, federal statistics office Destatis said in seasonally-adjusted figures. The figure was well above predictions made by analysts, who were expecting an increase of 1.2 percent after a 2.1 decline in December. Industrial orders are a key indicator of how well the economy is doing, pointing to how much work manufacturers will have in the coming months. The increase was partly down to large orders in the mechanical engineering and aerospace sectors, Destatis said. But even without the more volatile major deals, orders were up 2.3 percent compared with December, indicating a "good general orders situation in many sectors of the economy". While domestic orders fell slightly, there was a double-digit boost to foreign demand, including a 15.1-percent bound in orders from Germany's eurozone neighbours. "The strong increase is of course good news for the German economy," LBBW bank analyst Jens-Oliver Niklasch said, putting it partly down to the smaller number of public holidays in January compared with December. However, thanks to fears about the impact of the coronavirus, the January figures are likely to "leave the markets relatively cold", he added. The Federation of German Industries (BDI) warned on Thursday that German manufacturers could be facing their longest recession since 1990, due to the impact of the coronavirus and months of trade disputes between the US and China. jpl/fec/tgb/rl
schema:headline	German industrial orders spike in January ahead of virus fallout
schema:mentions	Jet Propulsion Laboratory Eurozone Industry Recession Germany Virus China Coronavirus Mechanical engineering Landesbank Baden-Württemberg
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-06 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	67 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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