Michael Probst BERLIN (AP)– {Industrial|Commercial} production in Germany, Europe’s {biggest|most significant|greatest} economy, was up 3.2% in October {compared with|compared to} the previous month, according to {official|main} {data|information} {released|launched} Monday. It was the {second|2nd} set of figures for October to beat {economists|economic experts|financial experts}’ expectations.
7 December 2020
{One of|Among} the world’s {largest|biggest} Christmas {candles|candle lights} shines in the city of Schlitz, {central|main} Germany, Sunday, Dec. 6, 2020. The {candle|candle light} {consists of|includes} {a historic|a historical} stone tower {wrapped|covered} in red {cloth|fabric}, with 110 light bulbs {mounted|installed} at its {tip|suggestion|idea|pointer} to form a six-metre high “flame”. This brings the {candle|candle light} to {a total|an overall} height of 42 metres.
The {sixth|6th} {consecutive|successive} {monthly|regular monthly|month-to-month} {rise|increase} in production was {fueled|sustained} in part by {a large|a big} {increase|boost} in the {important|essential|crucial} {auto|car|automobile|vehicle} sector, the Economy Ministry {said|stated}. It followed gains of 0.5% in August and 2.3% in September. {Economists|Economic experts|Financial experts} {had|had actually} {expected|anticipated} a 1.6% gain.
On Friday, {official|main} {data|information} {showed|revealed} that factory orders {rose|increased} 2.9% in October, {nearly|almost} double what {economists|economic experts|financial experts} {had|had actually} {predicted|anticipated|forecasted}, as {demand|need} for {investment|financial investment} {goods|products|items} such as factory {machinery|equipment} {rose|increased}.
The figures point {at least|a minimum of} to {a promising|an appealing} start to the {fourth|4th} quarter. {{However|Nevertheless}, sharp {rises|increases} in coronavirus infections {led to|resulted in|caused} partial shutdowns in Germany and {elsewhere|somewhere else|in other places} in Europe in November.
| Sharp {rises|increases} in coronavirus infections led to partial shutdowns in Germany and {elsewhere|somewhere else|in other places} in Europe in November.
} In Germany, {restaurants|dining establishments}, bars, sports and leisure {facilities|centers} {have|have actually} been closed {since|because|considering that|given that} Nov. 2, while schools and {nonessential|unnecessary|excessive|inessential} {shops|stores} {have|have actually} {remained|stayed} open. Those {measures|steps|procedures}, which are milder than those taken in the {first|very first} {phase|stage} of the pandemic, are {expected|anticipated} to {remain|stay} in {place|location} {until|up until|till} {at least|a minimum of} Jan. 10.
“{Industrial|Commercial} production {should|ought to|must|needs to} be the {bright|brilliant|intense} {spot|area} of the economy in the {fourth|4th} quarter {but|however} {given|provided|offered} the {negative|unfavorable} {impact|effect} from {the latest|the most recent|the current} lockdown {measures|steps|procedures} on {sentiment|belief}, services and {consumption|usage|intake}, this {positive|favorable} {industrial|commercial} momentum {should|ought to|must|needs to} in our view not {be enough|suffice} to {avoid|prevent} a double dip for the German economy,” ING {economist|economic expert|financial expert} Carsten Brezski {wrote|composed} in {a research|a research study} note.
Copyright 2020 The Associated Press. All rights {reserved|scheduled|booked}. This {material|product} {may|might} not be {published|released}, broadcast, {rewritten|reworded} or {redistributed|rearranged} without {permission|consent|authorization|approval}.
Source: stltoday.com
Our Score
Click to rate this post!
[Total: 0 Average: 0]