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

To: yard_man who wrote (19034)	12/20/2004 9:53:19 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Japan Nov convenience store sales fall 1.0 pct yr-on-yr; 18th drop in 21 mths [Very unusual weather patterns foobar. Generally bad all the time everywhere. Japan has been unusually hit by bad weather for 18 of the last 21 months - mish] Monday, December 20, 2004 8:31:21 AM afxpress.com TOKYO (XFN-ASIA) - Convenience store sales in Japan fell 1.0 pct in November from a year earlier to 534.7 bln yen on a same-store basis -- the 18th decline in the past 21 months -- the Japan Franchise Association said The association attributed the decline to exceptionally warm weather, which curtailed sales of winter-related products. The average purchase per customer fell 1.4 pct year-on-year on a same-store basis, while the number of customers grew 0.9 pct to 900.98 mln, the association said. The total number of convenience stores as of November 30 stood at 38,787, up 3.0 pct from the previous year, it said [I expect to see this happen here too because of all the overbuilding - mish] On an all-store basis, sales rose 3.0 pct year-on-year to 584.1 bln yen. The average purchase per customer fell 1.4 pct, while the number of customers increased 4.9 pct to 973.8 mln, the association data showed. The figures are based on data from the association's 13 member-firms, including the major convenience store chains -- Seven-Eleven Japan, Lawson Inc and FamilyMart Co Ltd

To: yard_man who wrote (19034)	12/20/2004 9:59:29 AM
From: mishedlo	Respond to of 116555

German Nov PPI down 0.5 pct from Oct, up 2.8 pct yr-on-yr Monday, December 20, 2004 7:15:31 AM afxpress.com WIESBADEN, Germany (AFX) - Producer prices in Germany fell 0.5 pct in November from October but rose 2.8 pct from November last year, the statistics office said. Economists polled by AFX News had forecast prices to be down 0.3 month-on-month and up 3.0 pct year-on-year The statistics office said the main reasons for the year-on-year increase were price increases in iron and steel. Excluding energy prices, the rise was 2.3 pct, it said