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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TraderC who wrote (7495)	6/4/2004 6:14:09 AM
From: Haim R. Branisteanu	Respond to of 116555

04 Jun 2004 10:00 GMT =DATA SNAP: German Manufacturing Orders Surge In April By Nina Keoppen Of DOW JONES NEWSWIRES ==========================================================! German Mfg Orders !Matches Forecasts: No ! Apr Mar !Trend: Rising ! Change On Mo (adj) +2.5% -0.3% !Forecast: +0.9% On Mo ! Change On Yr (unadj) +7.7% +14.4% ! ! ! ! ==========================================================! LONDON (Dow Jones)--German manufacturing orders surged in April on strong foreign demand and some unexpected domestic interest, preliminary data from the Economics Ministry showed Friday. The volume of manufacturing orders increased a seasonally adjusted 2.5% on the month in April, beating forecasts of a 0.9% rise. In March, orders slipped 0.3% on the month. In addition, big-ticket orders were below average in April, a spokesman at the ministry said. Foreign orders, which are affected by the euro's exchange rate, jumped a seasonally adjusted 3.8% on the month in April, after slipping 0.7% in March. Domestic orders, which have been sluggish, were up 1.2% on the month, after rising 0.1% in March, the data showed. (MORE) Dow Jones Newswires June 04, 2004 06:00 ET (10:00 GMT)