Deutsche Bundesbank Monthly Report, October 2005

The Deutsche Bundesbank published the English version of its October 2005 Monthly Report on 25 November. Following a sharp improvement at the beginning of the third quarter, industrial business activity slackened somewhat in August.

"After adjustment for seasonal and working-day variations, new orders and output were both slightly weaker than in July. In this context, the particular timing of the summer holidays has to be taken into account, as, compared with the longer-term average, there were

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