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Duitsland.. Alles ok ?


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Hmmm Duitse economie gaat niet zo lekker:

 

 

Debt crisis: German economic data is a 'catastrophe', say economists*

German factory orders recorded their biggest drop for a year according to figures that lead a raft of*economic*data from Spain, France and Italy, that underscored the advancing debt crisis.

 

By*Louise Armitstead,*Chief Business Correspondent

6:58PM GMT 06 Nov 2012

London Telegraph

 

 

The German finance ministry said factory orders were down 3.3pc in September*shocking economists who had forecast a 0.4pc drop,*according to Bloomberg poll.

 

Taken with figures showing German business confidence has fallen to the lowest*in two-and-a-half*years, the data was described as “a catastrophe and very*bad news” by Thomas Harjes, European*economist at Barclays in Frankfurt. “We*have a huge problem in the rest of the euro area that now*seems to be*reaching Germany and its labour market,” he said. “For the coming quarters,*the economic*outlook is quite gloomy.”

 

Fresh data from Markit Economics showed that the eurozone’s combined output of*the manufacturing*and services sector fell at the fastest pace since June*2009. The composite PMI for the 17 member*states fell to 45.7 in October,*down from 46.1 in September. It was the nineth consecutive monthly fall.

 

Politicians continued to argue over the rescue mechanisms. Germany’s “wiseman”*panel of economic*advisers said the European Central Bank’s radical bond*buying programme - the prospect of which has*underpinned the markets since*the summer - should only be used in an emergency and should not be*relied*upon as a permanent method for economic stabilisation.

 

Spain is braced for the European Commission to axe its forecast growth for the*country after El Pais*obtained a draft of the predictions. According to the*Spanish newspaper, the EC, which is due to publish*figures tomorrow has*changed its forecast for 2013 GDP from 0.5pc to 1.5pc.

 

Meanwhile, Spain’s services sector activity dropped for the 16th month in a*row, according to fresh data*from Markit. In France, the services sector saw*the sharpest fall in business activity for a year in*October. Jack Kennedy,*senior economist at Markit and author of the France Services PMI, said:*“Another weak performance from the French service sector, combined with a*further steep fall in manufacturing output, left overall business activity*down considerably in October. The pace of contraction in*private sector*output during the last two months has been the sharpest since the*post-Lehmans slump*in early 2009.”

 

In Italy, services sector activity was at its highest level in October for*more than a year with output,*new work and employment recording a fall but*at a slower rate than previous months.

 

 

Grt,

Kans

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