Situation
- On a monthly basis production contracted by -0.45% ( grew by 2.85% in Mar’07)
- On a yearly basis production has grown by 9.03% p.a ( grew by 10.17 % p.a in Mar’07)
Background
- Production has been on a downward growth trend since May’06 ( 5.64% p.a in May’06 and 3.06% p.a now)
- The ECB raised interest rates to 4.00% on June 6 2007
Conclusion (click on image for a better visual) 
- Orders likely to drop initially towards 4.5.% p.a and then retain a range between 4.50% p.a - 9.50% p.a towards Sept’07
- Growth then likely to drop to a 0% p.a after Sept ‘07 towards Mid ‘08
Related links
- Europe - New Orders grow in Mar’07
- USA - New orders grow for the first time since Sept’06
- Japan - Orders grow marginally in Apr’07
- UK - New Orders decline in Apr’07
- Europe - Production in Apr’07
- USA - Production in May’07 grows at its slowest pace since Sept’05
- UK - Production remains down in Apr’07
- Japan - Production grows at a declining rate in Apr’07
- India - IIP continues to grow in Apr’07