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

To: zonder who wrote (14566)	11/2/2004 8:25:31 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

UK Oct retail sales rise at highest level since July - CBI Tuesday, November 2, 2004 10:29:37 AM afxpress.com LONDON (AFX) - UK retail sales in October bounced back to their highest level since July, reversing the slump seen in September, a key survey of the sector found. According to the Confederation of British Industry's latest distributive trades survey, a net balance of +11 pct of high street retailers reported that sales during the month were up, compared with -9 pct in September

To: zonder who wrote (14566)	11/2/2004 8:47:20 AM
From: mishedlo	Respond to of 116555

Chain stores´ sales show another week-to-week slowdown Tuesday, November 2, 2004 12:00:20 PM afxpress.com 2004-11-02 13:00:20 Chain stores' sales show another week-to-week slowdown WASHINGTON (AFX) -- The nation's chain stores saw their same-store sales results drop by 0.3 percent in the week ended Oct. 30 compared to the prior week, according to data compiled by the International Council of Shopping Centers and UBS. It marked the third week-to-week sales pullback in a row, coming on the heels of a same-store decrease of 0.6 percent in the Oct. 23 week. But on a year-over-year basis, the latest week's sales rose 2.9 percent, although this growth was lower than rates seen in previous weeks. The latest results reflected slower customer traffic, although discounters benefited from Halloween-related selling activity, said Mike Niemira, ICSC chief economist. He lowered his growth forecast for October's sales to a 3.0 percent rate

To: zonder who wrote (14566)	11/2/2004 9:07:19 AM
From: mishedlo	Respond to of 116555

German Sept retail sales down 0.4 pct from Aug, down 1.4 pct yr-on-yr Tuesday, November 2, 2004 6:15:33 AM afxpress.com WIESBADEN, Germany (AFX) - German retail sales in September were down 0.4 pct in real terms from August, and were down a real 1.4 pct compared with the same month a year earlier, according to provisional figures from the Federal Statistics Office The office said September had the same number of shopping days as the same month last year. The results were based on data from six federal states, in which some 81 pct of all German retail sales take place. On a nominal basis, September retail sales fell 0.4 pct month-on-month, and dropped 1.2 pct year-on-year, the office said. In the first nine months of this year, retail sales fell a real 1.3 pct and a nominal 1.1 pct from the comparable period in 2003, the office said.

To: zonder who wrote (14566)	11/2/2004 9:24:50 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

UK CIPS Oct construction PMI drops to 55.0 vs 56.8 Sept - Tuesday, November 2, 2004 9:13:24 AM afxpress.com (Updating to add sector breakdown) LONDON (AFX) - Activity in the UK construction sector remained strong in October, with the purchasing manager index for the sector at 55.0, although it fell below September's five-month high of 56.8, the Chartered Institute of Purchasing and Supply said A reading above 50 indicates an expansion in activity, while a sub-50 figure indicates contraction The slower rate of growth reflects a slowing in the growth of new orders, as well as delays between the completion of existing contracts and the start of new projects, said Roy Ayliffe, Director of Professional Practice at CIPS The sub-index for new orders dropped to 57.3 in October from 60.5 in September, but still showed buoyant growth of new orders, which rose for the seventy-second month running in October, CIPS said The rate of growth in new orders was the least marked since March 2003, however, it said Moreover, average prices paid for inputs were only slightly lower than September, with soaring global oil prices and rising metal prices, in particular steel still impacting October's seasonally adjusted input prices index recorded a level of 72.6, from a reading of 73.3 the previous month UK construction employment remained on an upward trend in October, with the rate of expansion only slightly less marked than September's nine-month high, CIPS said. The employment index stood at 54.7, down from September’s reading of 55.2. Panel firms reported that staffing levels have been increased primarily to help satisfy rising workloads, it said. "Despite the cooling off in growth and a further rise in input price inflation, optimism in the sector remained high, with confidence underpinned by an anticipated improvement in future business activity levels," Ayliffe said Higher levels of activity were recorded across all three broad areas of construction activity covered by the survey in October although, in each case, the rates of expansion eased slightly compared to a month earlier, CIPS said The housing activity sub-index dipped to 55.3 from 57.0 in September, while construction activity was at 56.7 compared with 57.6 Meanwhile, civil engineering activity rose for the second month running, although the rate of growth was again "modest", CIPS said