Monday, February 04, 2008

Quick Overview

  • U.S. factory orders rose 2.3% in December-- less than expected. Excluding transportation, orders rose 0.7%.

  • Producer prices in the Euro area rose 0.1% in December and 4.3% YoY.

  • Bush wants to spend $3.1 trillion in 2008-2009, up 76% since1999.

  • China is building an enormous logistics facility covering nearly 70 hectares for the newly-launched Sino-Germany Container Railway. It is predicted that the volume of Germany-bound boxes on this railway will reach 20,000 to 26,000 TEU by 2010 while Beijing-bound boxes will be about 10,000 TEU.

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