German industrial output falls sharply


	German industrial output falls sharply

JICWyllie

7-7-2008 1:24 PM

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tags:

economy, manufacturing, i-production, i-decrease, i-unexpected, i-accleleration

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/5f14dfbd-f80d-4a11-b6e6-7de8033671ae/E1AC0814-179E-4FC5-BBB7-FF0CFF2EB550/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/8f2af2e6-4c0f-11dd-96bb-000077b07658.html" href="http://www.ft.com/cms/s/0/8f2af2e6-4c0f-11dd-96bb-000077b07658.html" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/8f2af2e6-4c0f-11dd-96bb-000077b07658.html">The eurozone economy has shown fresh signs of spluttering, with German industrial production dropping unexpectedly sharply in May - the strongest monthly fall since August 1997.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/8f2af2e6-4c0f-11dd-96bb-000077b07658.html">The latest evidence of a substantial economic slowdown underway will add to fears of “stagflation” – slow growth combined with high inflation. It comes just days after the European Central Bank <A href="http://www.ft.com/cms/s/0/8d39b2b6-492a-11dd-9a5f-000077b07658.html" target="_blank" class="bodystrong">raised its main interest rate </A>by a quarter percentage point to 4.25 per cent to avert rising inflationary risks.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/8f2af2e6-4c0f-11dd-96bb-000077b07658.html">Data last Friday had shown the sixth consecutive <A href="http://www.ft.com/cms/s/0/fda29ae8-4a2b-11dd-891a-000077b07658.html" target="_blank" class="bodystrong">fall in German industrial orders </A>– which offer a guide to future activity levels. But the latest figures showed German industrial production had already dropped by 2.4 per cent in May, extending a 0.2 per cent fall in April.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/8f2af2e6-4c0f-11dd-96bb-000077b07658.html">Germany’s manufacturing sector has largely powered economic growth in Europe’s largest economy in recent years. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/8f2af2e6-4c0f-11dd-96bb-000077b07658.html">Spain and Italy – and potentially even France – are in increasing danger of slipping into recession</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E1AC0814-179E-4FC5-BBB7-FF0CFF2EB550/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>