China auto sales climb 11% in July

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Source: Businesweek
China's car sales added 11% in July despite downtrend elsewhere in the economy. Passenger vehicle sales increased to 1.12 million in July, as reported by China Association of Automobile Manufacturers on Thursday. The rise is bigger than that of the U.S. and Europe but has declined since a boom in 2010.
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Thu, 09 Aug 2012 10:37:15 GMT

China production growth slows

China's industrial-output rise unexpectedly eased to the lowest in three years in July while retail sales and investment missed estimates, boosting weight on Premier Wen Jiabao to act to support growth. Factory production rose 9.2% in previous month from July 2011, below analysts' estimates, the National Bureau of Statistics reported on Thursday.

Thu, 09 Aug 2012 16:58:15 GMT

Germany's exports and imports tumbled in June

According to the Federal Statistics Office, German's exports and imports tumbled in June by 1.5% and 3%, respectively, from the previous month.  The total value of exports is at 92.3bn euro level, while the value of imports is 76.1bn euros. Despite worsened fundamentals, the exports to other countries, which are outside of the Eurozone, soared 20% from a year earlier.

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