German manufacturing PMI dropped to 43.0 in July from 45.0 in June, reaching its lowest level...


German manufacturing PMI dropped to 43.0 in July from 45.0 in June, reaching its lowest level since June 2009. "Manufacturers linked the latest setback to shrinking export sales and a general shortage of new work to replace completed projects... job shedding was the most marked since the start of 2010." (PR .pdf)

Comments (4)
  • Bear Bait
    , contributor
    Comments (926) | Send Message
     
    "German manufacturing PMI dropped................. Manufacturers linked the latest setback to shrinking export sales and a general shortage of new work to replace completed projects...".

     

    Dear Germany; you are going to pay one way or another. So, which is? Common Euro bonds or more austerity for everyone else and more declining exports!
    1 Aug 2012, 06:43 AM Reply Like
  • Dr. V
    , contributor
    Comments (1168) | Send Message
     
    Couldn't agree more.

     

    They better get used to that barrel, looks like they will be in it for a while.

     

    With Deutsche Bank now reporting YET ANOTHER Quarterly loss, (4th in a row) of a STAGGERING 60%, and still down 50% of it's share price, year-on-year.

     

    This should be the headline of every paper in the western world, but it's not.

     

    *Check their balance sheet, a lousy 54 BIL in Total Equity, on Assets of 2.13 TRIL?!!

     

    http://bit.ly/MRrBQy

     

    Somebody at DB may soon be on Bernie Madoff's dance card.

     

    Somehow, Germany always gets a pass, and nobody sees the disaster that's coming. What will they do, can't invade Poland again, or?

     

    Or will they get into bed with Russia, China, N.Korea, Iran again, like they did on the Libyan Arms Embargo?

     

    Berlin may soon become a topic at the next NATO Summit.
    1 Aug 2012, 09:50 AM Reply Like
  • wojteksz
    , contributor
    Comments (51) | Send Message
     
    Poland is a NATO country - right?
    18 Aug 2012, 03:48 PM Reply Like
  • Dr. V
    , contributor
    Comments (1168) | Send Message
     
    Yes, Poland is a Member since 1999.
    25 Sep 2012, 06:14 AM Reply Like
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