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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (14401)	11/26/2002 12:52:29 PM
From: AugustWest	Read Replies (1) of 57110

I like the spin on this piece of news... ... as opposed to the eastern part which is indicating the exact opposite! (COMTEX) B: German business index continues to drop B: German business index continues to drop BERLIN, Nov 26, 2002 (Xinhua via COMTEX) -- The main German business mood survey registered continued decline in November, the Munich-based Ifo Institute reported Tuesday. The Ifo Business Climate Index, a survey conducted monthly among 7,000 firms, dropped from 87.7 points in October to 87.3 in November for the western part of country, and for the eastern party, from 97.8 to 95 points. Both were the lowest levels since January. Gernot Nerb, chief economist of Ifo, attributed the confidence decline to the government's intension to raise tax and low domestic demand. But he said the index for the western part indicated that the economic situation for the bulk of industry actually had stabilized and that a recession in Germany is not in sight for the moment. Copyright 2002 XINHUA NEWS AGENCY. -0- * end of story *

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