Construction orders (D) staged strong snap back!
In November last year seasonally adjusted construction orders leaped 8.9 % on October last year. Year on year intake rose 12.5 % and in January through November last year 3.7 %.
In November last year seasonally adjusted construction orders leaped 8.9 % on October last year. Year on year intake rose 12.5 % and in January through November last year 3.7 %.
Against an expected month on month increase of one tenth of a percent (Bloomberg poll), producer prices declined 0.4 % in Germany. Year on year prices rose 4.0 % and last year 5.6 % over 2010.[more]
Against an expected seasonally adjusted increase of 0.2 % m/m (Bloomberg poll), retail sales fell 0.9 % in November from October. On November last year sales increase 0.8 % (0.7 % e).[more]
Against an expected decline of 10.000 people in seasonally adjusted unemployment (Bloomberg poll), unemployment fell 22.000 people. Vacancies increased 5.000 people to 503.000 people the highest reading ever. The unemployment rate fell to 6.8 %, the lowest reading ever.[more]
At first this sounds drastic and hardly understandable considering the economic malaise. But those prices aren't seasonally adjusted. [more]
In the month of October retail sales rose a seasonally adjusted 0.7 % on September against an expected increase of 0.1 % (Bloomberg poll). In the year retail sales fell 0.4 % against an expected increase of 2.0 %.[more]