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

To: mishedlo who wrote (13111)	10/8/2004 8:53:47 AM
From: mishedlo	Respond to of 116555

German Aug industrial output down adj 1.0 pct vs July UPDATE Friday, October 8, 2004 10:56:11 AM afxpress.com (Updates with data breakdown, 2-mth average) FRANKFURT (AFX) - Industrial output fell a seasonally-adjusted 1.0 pct in August from July, and was up 3.6 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 decline of 0.5 pct The ministry said output rose a revised 1.2 pct in July from June. It said the timing of the summer school holidays this year may have influenced the development of industrial output. A breakdown of the preliminary August data showed manufacturing output fell 0.7 pct month-on-month. Energy output was down 2.7 pct in August, while construction output fell 2.2 pct, the ministry said. On the two-month average, industrial output rose 0.1 pct in July/August from May/June