Bloomberg has learned about the risks to the German industry due to the heat
Germany's manufacturing sector is at risk of disruption due to the drying up of the Rhine River in extreme heat. This was reported by Bloomberg on July 15.
The decrease in the water level in the river makes it difficult to transport along this important waterway, which "clouds the prospects for the recovery of Europe's largest economy." The water level in the Rhine has dropped so much that ships have to reduce their cargo capacity, which leads to increased transportation costs, said Fabian Spiss, deputy director of BDB, the country's main trade group in the field of inland waterway transportation.
"Another prolonged period of low water levels is likely to have a negative impact on industrial production, exacerbating an already weak sector and creating downside risks to our forecast for a gradual recovery from the energy price shock," analyst Martin Adhemmer said.
The German government is trying to ensure economic recovery after years of stagnation through internal reforms, as well as increased spending on infrastructure and defense. Efforts to revive growth are complicated by the conflict in the Middle East.
The Reuters news agency reported on June 27 that a new historical temperature record was recorded in Germany: the thermometer exceeded 41 degrees Celsius. High temperatures have already disrupted rail services and electricity generation, forced the cancellation of a number of mass events and led to the closure of some schools.
Data from Gas Infrastructure Europe on July 14 shows that France sharply increased gas consumption from reserves in early July amid an abnormal heat wave. The use of France's reserves is incomparably higher than other European countries, which are also facing prolonged heat. For comparison, Germany pumped about 31.8 million cubic meters on July 10, pumping out only about 1.9 million cubic meters.
Переведено сервисом «Яндекс Переводчик»
