DHL 2006 Annual Report Download - page 24
Download and view the complete annual report
Please find page 24 of the 2006 DHL annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14 -
15 -
16 -
17 -
18 -
19 -
20 -
21 -
22 -
23 -
24 -
25 -
26 -
27 -
28 -
29 -
30 -
31 -
32 -
33 -
34 -
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
 |
 |
Economic environment
Global economic growth continues
e year , and particularly the rst half of the year, was characterized by
strong economic growth that extended to all regions of the world. Growth in global
economic output, at approximately , was somewhat stronger than a year earlier.
Growth indicators for 2006
%GDP Exports Domestic demand
USA 3.4 8.9 3.2
Japan 2.2 9.7 1.4
China 10.7 27.2 n/a
Euro zone 2.7 8.3 1) 2.51)
Germany 2.7 12.5 1.6
1) Estimates, as of February 22, 2007.
Source: Postbank Research, national statistics
e US economy was stimulated above all by corporate investments and consumer
demand, while investments in housing dropped sharply. Growth in the gross
domestic product (GDP), at ., was slightly higher than in . Foreign trade did
not hold back growth as in recent years, but the already high current account decit
reached a new peak of around US billion, or . of GDP.
Asia remained a reliable driver of economic growth and, in the year under review,
posted by far the strongest growth rate of any economic region. Japan’s GDP grew by
., buoyed by a strong rise in exports and increasing domestic demand. China was
once more the leader in economic performance, with GDP up by ., industrial
production by and exports actually . higher than a year earlier.
e upswing also gained momentum in the euro zone where GDP grew at a rate of
. – the strongest rise seen since the boom year of – driven primarily by a
noticeable pick-up in domestic demand, but above all by investments.
In Germany, economic performance exceeded all expectations, with . growth in
total output as well as particularly strong gains in exports (.) and investments
(.). ere was even a . rise in consumer spending, although to some extent
this is likely attributable to purchases moved forward in anticipation of the value-
added tax increase.
e healthy economy helped the stock markets post strong gains yet again in .
Share prices rose in line with corporate prots. e DAX was up , outperforming
by a wide margin the EURO STOXX index, which gained ., and the S&P
(.).
On average, long-term interest rates in the euro zone increased by . over
the course of the year, but are still very low in historical terms. Yields in the USA
were . higher at year’s end than at the beginning of the year. As a result, the
environment for corporate bonds remained favorable.
20
Deutsche Post World Net Annual Report 2006