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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Wyätt Gwyön who wrote (1572)	3/9/2004 2:34:36 PM
From: mishedlo	Read Replies (1) of 116555

German Jan industrial output down adj 0.1 pct from Dec, worse than expected BERLIN (AFX) - Industrial output fell a seasonally adjusted 0.1 pct in January from December, and was up 1.1 pct year-on-year when adjusted for the number of working days, according to preliminary data from the Labour and Economy Ministry. Economists polled by AFX News had forecast on average a month-on-month rise of 0.2 pct, and a year-on-year increase of 1.7 pct. [LMAO - Mish] Output fell month-on-month in January due to a 7.4 pct decline in construction output owing to the wintery weather, and a 3.0 pct decline in energy output, the ministry said. [They like to blame the weather over there too! - Is bad weather a global phenemon? - LMAO - Mish] In December, output rose a revised 0.1 pct from November, the ministry said. fxstreet.com

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