<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/c8d4b123-853f-4731-b0f8-8176fb904cdc/FAD5609C-0D4D-4A7D-897A-13FDE8577794/" 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/0/2ba23408-9b98-11de-b214-00144feabdc0.html" href="http://www.ft.com/cms/s/0/2ba23408-9b98-11de-b214-00144feabdc0.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/0/2ba23408-9b98-11de-b214-00144feabdc0.html"><P>Germany’s manufacturing rebound has beaten expectations again, with industrial orders rising by a larger-than-expected 3.5 per cent in July.</P></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/0/2ba23408-9b98-11de-b214-00144feabdc0.html"><P>The latest monthly rise, extending a 3.8 per cent <A href="http://www.ft.com/cms/s/0/2ba23408-9b98-11de-b214-00144feabdc0.html" title="Financial Times - German industrial orders beat forecasts" class="bodystrong">increase in June</A>, confirms the strength of the recovery under way in Europe’s largest economy, and points to robust growth in overall economic activity in the third quarter.</P></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/0/2ba23408-9b98-11de-b214-00144feabdc0.html"><P>However, the fast pace of contraction at the end of last year and the start of 2009 is far from being reversed. Manufacturing orders in July were still almost 20 per cent lower than a year before. </P></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/0/2ba23408-9b98-11de-b214-00144feabdc0.html">German industrial orders in July were driven higher by a 10.3 per cent surge in domestic orders, with domestic orders of investment goods particularly strong.</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/0/2ba23408-9b98-11de-b214-00144feabdc0.html"><P>In contrast, orders from overseas, which had risen strongly in June, fell by 2.3 per cent in July.</P></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/FAD5609C-0D4D-4A7D-897A-13FDE8577794/blog/" title="blog or email this clip"><img src="http://content7.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>

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