Consequences of drought: Industry receives more orders - but Rhine level becomes risk
Consequences of the drought: Industry receives more orders - but Rhine level becomes risk
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Summary
Consequences of the drought: Industry receives more orders - but Rhine level becomes risk. The crisis-ridden German industry has attracted surprisingly many orders in June. The economy is going a little better than recently thought, said Jens-Oliver Niklasch, economist at Landesbank LBBW. “Oil price risk, of course, floats latently above everything, and with the levels of the big rivers a new downside risk has been added.” The strong orders in June were supported by an increase in mechanical engineering (+12.7 percent) and the production of data processing equipment, electronic and optical products (+22.7 percent).
Furthermore, Today in Bonn, business associations are discussing the handling of low water with Federal Minister of Transport Steffen Bilger (CDU). © dpa-infocom, dpa:260806-930-491671/1. The increase in industrial orders in June was already the second consecutive increase after a small increase in May. Orders for the automotive industry (+3.8 percent) also grew.
In addition, The low water on the Rhine, the most important waterway in Europe, has recently reached record lows and hinders inland shipping. But the low Rhine level will become a new risk for the economy.
Cross-referenced from 4 sources.
Factual coreconfirmed by several independent voices
Consequences of the drought: Industry receives more orders - but Rhine level becomes risk.
reliability low1/4 sourcesThe crisis-ridden German industry has attracted surprisingly many orders in June.
reliability low1/2 sourcesThe economy is going a little better than recently thought, said Jens-Oliver Niklasch, economist at Landesbank LBBW. “Oil price risk, of course, floats latently above everything, and with the levels of the big rivers a new downside risk has been added.” The strong orders in June were supported by an increase in mechanical engineering (+12.7 percent) and the production of data processing equipment, electronic and optical products (+22.7 percent).
reliability low1/2 sourcesToday in Bonn, business associations are discussing the handling of low water with Federal Minister of Transport Steffen Bilger (CDU). © dpa-infocom, dpa:260806-930-491671/1
reliability low1/2 sourcesThe increase in industrial orders in June was already the second consecutive increase after a small increase in May.
reliability low1/2 sourcesOrders for the automotive industry (+3.8 percent) also grew.
reliability low1/2 sourcesThe low water on the Rhine, the most important waterway in Europe, has recently reached record lows and hinders inland shipping.
reliability low1/2 sources
Reported detailssecondary facts, each attributed to its source
But the low Rhine level will become a new risk for the economy
according to Handelsblatt +1
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The crisis-ridden German industry has attracted surprisingly many orders in June.
omitted byRight sidecovered byLeft sideThe economy is going a little better than recently thought, said Jens-Oliver Niklasch, economist at Landesbank LBBW. "Of course, it's floating..."
omitted byRight sidecovered byLeft sideToday in Bonn, business associations are discussing the handling of low water with Federal Minister of Transport Steffen Bilger (CDU). ©..
omitted byRight sidecovered byLeft sideThe increase in industrial orders in June was already the second consecutive increase after a small increase in May.
omitted byRight sidecovered byLeft sideOrders for the automotive industry (+3.8 percent) also grew.
omitted byRight sidecovered byLeft side
Sources4 sources cross-checked
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