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GERMAN

Bobbys Corner-Open Market-Sept.7.2011

Good Morning:

Swiss nationals welcomed the decision by the Swiss Nat’l Bank to halt the appreciation of the CHF.  The exporting sector has been reeling the past few weeks with the appreciation of the CHF-as the cost of chocolates,cheese, Swiss knifes, watches,  and all other exported products reached sky high levels.

German Unemployment Slightly Falls, Unemployment Rate Unchanged

Unemployment Change:   Survey: -10K   Actual: -8K    Prior: -11K   Revised:  -10K

Unemployment Rate:    Survey: 7.0%  Actual:  7.0%    Prior: 7.0%

 

German Retail Sales Improve

Retail Sales (MoM):   Survey: -1.5%   Actual: 0.0%  Prior: 6.3% 

Retail Sales (YoY):   Survey: -0.8%   Actual: -1.6%   Prior: -1.0%  

German July vs June Retail Sales
Real Mom %:  0.0% vs  4.5%
3-Month  %:  1.0% vs  -0.3%

Nominal Mom%:  -0.2% vs 4.5%
3-Month %:  1.0% vs 0.4%

Real YoY%:  -1.6%  vs -2.1%
Nominal YoY%: -0.4  vs -0.5%

Real Index:  99.9  vs  99.9
Nominal Index:  104.5 vs  104.7 

 

German PPI Lower

Producer Prices (MoM): Survey: 0.8%   Autual: 0.4%  Prior: 0.7%

Mar vs. Feb
Basic Goods:  0.1%  vs  1.1%
Capital Goods:  0.0%  vs  0.2%
Consumer Goods:  0.3%  vs 0.4%
Durable Goods:  0.1%  vs  0.2%
Non-Durable Goods:  0.3%  vs  0.4%

Producer Prices (YoY):  Survey: 6.6%   Autual: 6.2%  Prior: 6.4%

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