22/01/2010
Car Parts and other goods have risen in demand
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Euro-area industrial orders for intermediate goods including car parts and steel rose 1.8 percent in November from the previous month, when they increased 1.5 percent, today’s report showed. Orders for non-durable consumer goods advanced 1.2 percent from October, while demand for capital goods declined 1.2 percent. Excluding heavy transport equipment, overall orders gained 1.5 percent. Companies may rely on faster-growing emerging economies to boost sales this year as rising unemployment and widening budget deficits across the euro region restrain domestic spending. The Washington-based World Bank said yesterday that the global economy may expand 2.7 percent this year instead of a previously projected 2 percent, led by an Asian rebound. China’s growth accelerated to the fastest pace since 2007 in the fourth quarter of 2009, data showed yesterday.
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