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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (35443)	6/5/2008 2:50:58 AM
From: Rolla Coasta	Respond to of 217738

He forgot to mention de-population in his speech to the Harv grads, who apparently do not know they will live in hell hole. Message 24649058 /

To: TobagoJack who wrote (35443)	6/5/2008 6:15:24 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 217738

OOPS!! - German April Mfg Orders Drop On Low Foreign Demand By Andrea Thomas Of DOW JONES NEWSWIRES BERLIN (Dow Jones)--German manufacturing orders unexpectedly fell 1.8% in April on the month due to weaker demand from abroad, which hints at a slowdown in the euro-zone economy, data released by the German Economics Ministry showed Thursday. The fifth consecutive monthly decline, which defied economists' expectations of a 0.5% increase in seasonally adjusted terms, comes as demand for German goods from euro-zone countries in particular plummeted. Demand from outside the 15-member strong euro-zone also fell, although to a lesser degree, as the euro set a record high of over $1.60 in April. "The decline of orders is the sole result of weaker foreign demand, which declined by 3.8%," the ministry said in a statement. "Order activity in the manufacturing sectors has weakened clearly over the past months," it said. "Domestic demand was more robust than foreign demand, but it's trend also points downwards. A weaker trend has to be expected for industrial production for the time being." Relatively robust domestic demand rose 0.3% on month in April after the Purchasing Managers Index for Germany's manufacturing sector held steady at 53.6 in May. But demand from the other 14 countries sharing the euro tumbled 5.6% in April from March, in seasonally adjusted terms, while demand from countries outside of the euro zone fell 2.3%. The surprise monthly drop in orders comes as economists have said high oil prices, a slowing of the global economy and the strong euro are set to weigh on orders in the coming months. March's figure was revised slightly higher to a 0.5% fall from the 0.6% drop reported previously. Orders rose an annual 15.0% on an unadjusted basis in April, which compares with an upwardly revised 4.9% drop in March from the 5.0% decline reported previously. Unadjusted, on the year, domestic orders rose 15.8%, while foreign orders climbed 14.3%. According to the ministry, orders for producer goods fell 3.3% on the month, while capital goods orders fell 1.3%. Consumer goods orders bucked the trend, rising 1.2% on the month. A two-month comparison, which irons out some volatility, showed that German manufacturing orders in March-April decreased 1.7%, compared with the previous two-month period, with demand from abroad down 2.7% mainly due to a 6.2% decline from orders from the euro zone, while demand from non-euro-zone countries were up 0.1%. Demand for capital goods rose 0.8% during the March-April period, while orders for investment goods fell 3.3% and those for consumer and durable goods were down 2.9% in this measure. The weak data signal weaker German industrial output for the months ahead. April data are scheduled to be released at 1000 GMT Friday. Web site: www.bmwi.de -By Andrea Thomas, Dow Jones Newswires; +49 30 2888 410; andrea.thomas@dowjones.com