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Response to Kolesar (Reply #25)

Sat Jan 7, 2012, 09:18 PM

35. Actually...

German Factory Orders Drop Most in Nearly 3 Years

Bloomberg: German factory orders dropped the most in almost three years in November as the euro region economy edged toward a recession and global demand weakened.

Orders, adjusted for seasonal swings and inflation, slipped 4.8 percent from October, when they surged a revised 5 percent, the Economy Ministry in Berlin said in a statement today. Thatís the biggest drop since January 2009. Economists forecast a decline of 1.8 percent, according to the median of 25 estimates in a Bloomberg News survey.

While the euro regionís sovereign debt crisis has clouded the outlook and cooling global growth is hurting export orders, Europeís biggest economy may still avert a recession.

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Richardo Jan 2012 OP
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girl gone mad Jan 2012 #24
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girl gone mad Jan 2012 #35
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