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German Factory Orders Collapse
Topic Started: 6 Oct 2014, 08:55 PM (659 Views)
peter fraser
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German Factory Orders Collapse
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German factory orders fell 5.7% between July and August, worse than the 2.5% decline expected by economists. Orders are down 1.3% from August last year. It’s the worst single-month drop since the beginning of 2009.

Export orders were worst hit, and that matches the business surveys that suggest there’s been a knock-on effect from the war in Ukraine.

But domestic orders also dropped 2% from July. That’s following the latest manufacturing business survey, which indicated that the sector is now shrinking.

In a note this morning, Claus Vistesen at Pantheon Macroeconomics said: “In one line: Grim, as manufacturing slowdown deepens.”

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Edited by peter fraser, 6 Oct 2014, 09:02 PM.
Any expressed market opinion is my own and is not to be taken as financial advice
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newjez
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Time for qe.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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More likely as China is heading backwards and not buying so much shit off the Germans.

Not posting any gold graphs today Peter.

You can watch it surge back now the tappering is dying along with the US economy over six on.

No interest rate rises coming there- ALL BULLSHIT- doubt they would even do a dummy one, as they can already see the end result.

Let me ask you Peter, why have they tapered or why have they had to taper Peter ? You didn't understand what was happening with interest rates until I had explained for three years to you, you understand those now right ?
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peter fraser
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newjez
7 Oct 2014, 06:04 AM
Time for qe.
Not really, but now that the austerity measures that Germany has foisted on the other member countries has bitten so hard that the people who live can no longer afford German made cars, Germany will now be calling for stimulus. They will now depend on the stimulus paid onto the other Euzone countries.

Have a look at Porsche sales in Greece in this graph.

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They had better help those other countries quickly otherwise they will join them.
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Edited by peter fraser, 7 Oct 2014, 07:28 AM.
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newjez
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peter fraser
7 Oct 2014, 07:27 AM
Not really, but now that the austerity measures that Germany has foisted on the other member countries has bitten so hard that the people who live can no longer afford German made cars, Germany will now be calling for stimulus. They will now depend on the stimulus paid onto the other Euzone countries.

Have a look at Porsche sales in Greece in this graph.

Posted Image

They had better help those other countries quickly otherwise they will join them.
That's a nice graph. Do you have any more like that? Audi or BMW would be more interesting too, as they cover a broader market.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Seems you were spriuking a euro recovery not long ago Peter.

So much for that bullshit, Germany, the powerhouse, is declining hard and fast, 5.7% in one month and set to get worse. At least they dont have the housing bubble to worry about like we do. And our youth unemployment is three times theirs. :bye:

You starting to see the bigger picture yet Peter, no recovery mate, just further decline, six years on from the one and only gfc- global financial collapse.
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peter fraser
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newjez
7 Oct 2014, 09:17 AM
That's a nice graph. Do you have any more like that? Audi or BMW would be more interesting too, as they cover a broader market.
Good question. There is some data here for Greece up to and including 2011

http://www.best-selling-cars.com/greece/2011-2007-best-selling-car-brands-and-makes-in-greece/

All makes are down considerably, especially Porsche and Ferrari.

In the 2013 year sales were down in Europe -
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2013 (Full Year) Europe: Car Sales by European Union and EFTA Countries

January 16, 2014 by Henk Bekker in Europe


In 2013, new passenger vehicle registrations in Europe contracted by 1.7% to below 12 million cars. Germany and Britain were the largest markets in the EU.
http://www.best-selling-cars.com/europe/2013-full-year-europe-car-sales-european-union-efta-countries/


My point was that Germany who has been against any stimulus spending in the countries who are struggling, may find they need to support stimulus to boost the sales of their cars.
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