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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: TobagoJack who wrote (106891)	8/7/2014 2:28:42 AM
From: Haim R. Branisteanu	Read Replies (1) of 219132

German Industrial Production Falls Short of Expectations 07-Aug-2014 By Todd Buell FRANKFURT--German industrial production rose less than expected in June, official data showed Thursday, potentially adding fuel to concerns that the German economy's performance was weaker than previously expected in the second quarter. Factory production in Germany increased 0.3% on the month in June in adjusted terms, the Economy Ministry said. Experts surveyed by The Wall Street Journal had expected a 1.4% increase. The data follow an unexpectedly sharp decline in June factory orders that sparked concern among experts that the German economy might even have contracted in the second quarter. The fall in factory orders was spawned both by technical factors, such as a sharp drop in bulk orders, and concern about geopolitical risks. A data breakdown showed that production in manufacturing rose 0.1%, while construction output was up 1.2%. Consumer goods production was up 1.7%. On the flip side, capital goods production dropped 0.9%. Just as in the report on orders Wednesday, the ministry said Thursday that geopolitical events probably weighed on production. "Order activity and sentiment indicators suggest a moderate development of production for the time being." But it said that the positive trend of production should still continue. The picture of the economy should be further rounded out Friday when the country's statistics office will report trade data for June. A first estimate of gross domestic product is due to come on Aug. 14. Write to Todd Buell at todd.buell@wsj.com

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