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Manufacturing in Western Europe

  • Iranian, French carmakers enter joint venture deal

    IRAN, 2016/07/24 Iranian automaker SAIPA on Thursday signed a joint venture transaction with French carmaker PSA Peugeot Citroën to build and sell vehicles for its Citroen brand in the country, IRNA reported. Chief Executive Officer of SAIPA Mehdi Jamali and Seyyed Mohmmad Ali Seyyed Abrishami an official from the Iranian automotive group inked the transaction in the presence of Iran's Minister of Industries, Mines, and Trade Mohammad Reza Nematzadeh.

  • Germany Wholesale Prices Data Due On Monday

    GERMANY, 2014/10/13 As risk aversion shakes the world financial markets and amid expectations that the world central banks are heading towards policy divergence, traders look forward to the unfolding week, sifting for clues on the economic outlook. However, the week presents very little in terms of market moving economic numbers. At 2 am ET, German statistical office Destatis is expected to release its wholesale prices statement for September. In August, wholesale prices had declined 0.2 % month-over-month and 0.6 % year-on-year.

  • German Factory Orders Fall Most Since 2009

    GERMANY, 2014/10/06 German factory orders declined at the fastest pace since January 2009, largely driven by a fall in capital goods request, data from Destatis showed Monday. Factory orders fell 5.7 % month-over-month in August following the 4.9 % rise in July. This was additional than the 2.5 % drop expected by economists and the biggest since January 2009, at the same time as orders were down 7.7 %. Domestic orders slid 2 % and foreign orders plunged 8.4 % in August. As regards the direction of foreign trade transactions, request from Eurozone slid 5.7 % and that from other nations slumped 9.9 %.

  • German Factory Order Growth Accelerates More Than Forecast

    GERMANY, 2014/04/07 Germany's factory new order increase exceeded expectations on robust domestic request in February, official data showed Friday. Factory orders advanced 0.6 % from the previous month, Destatis said. Economists had estimate orders to rise 0.2 % next posting a 0.1 % gain in January, which was revised down sharply from 1.2 %. Domestic orders climbed 1.2 %, while foreign orders grew only 0.2 %. The manufacturers of intermediate and capital goods recorded increases in orders of 1.2 % and 0.4 %, respectively. For capital goods, however, a decrease in orders of 0.8 % was reported.

  • Germany's manufacturing orders recovered at a faster-than-expected

    GERMANY, 2013/11/07 Germany's manufacturing orders recovered at a faster-than-expected pace in September, supported by a further strong rise in request for capital goods, signaling continued development in the domestic economy at the start of the fourth quarter. New business placed with German manufactures climbed a seasonally and schedule-adjusted 3.3 % from August, at the same time as they decreased by 0.3 %, data from the Federal Ministry of Economics and Technology showed Wednesday. The increase rate far exceeded the 0.5 % gain economists had estimate. In July, the manufacturing sector had recorded a 2 % fall in request.

  • Confidence part French manufacturers improved slightly in October,

    FRANCE, 2013/10/25  Confidence part French manufacturers improved slightly in October, reflecting better assessment of recent business activity and a further development in order books, reinforcing expectations that the economic recovery would continue in the third quarter. Survey data released by statistical office INSEE on Wednesday showed that the business confidence indicator for the manufacturing sector climbed to 98 points from 97 points in September, indicating a broadly stable business climate. The October outcome matched expectations.

  • Austria,Vienna,Spittelau incinerator,Waste-fired power plant

    AUSTRIA, 2013/08/30 Austria's factory sector activity expanded in August, survey results published by Markit Economics revealed Thursday. The headline seasonally adjusted purchasing managers' index rose to 52 in August from 49.1 in July. This signaled the initial monthly development in operating conditions since June 2012. Readings above 50 indicate expansion of the sector while reading below 50 suggests contraction.

  • European Economist Howard Archer

    EUROPEAN UNION, 2013/08/03 The modest recovery in Eurozone's manufacturing activity in July supports hopes that the sector is set for a better second half, and brightens the prospects for an development in economic recovery in third quarter, IHS World Insight Chief UK and European Economist Howard Archer said. The economist, however, cautioned that conditions still remain tough for Eurozone manufacturers, with domestic request still constrained by strong headwinds, inclunding widespread restrictive fiscal policy, persistently tight credit conditions, elevated unemployment and limited consumer purchasing power.

  • German Manufacturing Turnover Declines For Second Month

    GERMANY, 2012/12/10 Germany's manufacturing turnover fell for a second consecutive month in October, but at a slower pace compared to September, data released by the Federal Statistics Office of Germany showed on Monday. Manufacturing turnover fell a seasonally-and-working-day adjusted 0.8 % month-on-month, after falling 3 % in September. In August, turnover rose 0.2 %.

  • Austrian Manufacturing Sector Contracts Most Since June 2009 2012-10-31

    AUSTRIA, 2012/10/31 Austria's manufacturing sector contracted at the sharpest rate in additional than three years in October, owing to steep falls in new orders and output, data from a survey by Bank Austria and Markit Economics showed Tuesday.   The seasonally adjusted purchasing managers' index (PMI) for the manufacturing sector dropped to 44.8 in October from 45.1 in September, marking the sharpest deterioration in operating conditions since June 2009. The index has decreased for the eighth consecutive month, and remained below the non-change 50 mark - which separates increase from contraction - for the fourth month in a row.
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