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Epstein File EFTA01371106: Deutsche Bank and Construction (DS10)

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This document is a Deutsche Bank research report containing economic analysis and forecasting data on construction and industrial sectors. The report includes weekly carload statistics, oil services equipment forecasts, and per-country growth estimates. The document is marked confidential pursuant to Federal Rules of Criminal Procedure and appears to be internal Deutsche Bank Securities Inc. research material analyzing demand drivers for construction and industrial products.

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Excerpt 1
Weekly Carloads YoY 4 Source **Deutsche** **Bank**, AAR Source **Deutsche** **Bank** Autos research (Analyst Red Lache) Non-metallic minerals & products This category
Excerpt 2
Weekly Carloads YoY A Source: **Deutsche** **Bank**, AAR Source **Deutsche** **Bank**, Baker Hughes, STB DB's Oil Services and Equipment team forecasts moderate rig count
Excerpt 3
On a per country basis, growth is estimated at +5% Page 32 **Deutsche** **Bank** Securities Inc. CONFIDENTIAL PURSUANT TO FED. R. CRIM.

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