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14 matches for " construction sentiment":
Friday's detailed GDP data in Germany confirm that the euro area's largest economy performed strongly in the second quarter.
The ECB kept its cool yesterday, at the headline level, amid crashing stock markets, volatile BTPs and souring economic data.
Judging by the survey data, German business sentiment remained depressed at the start of the year.
The verdict is in.
Yesterday's industrial production data in Germany were better than we feared. Output slipped 0.3% month-to-month in August, depressing the year- over-rate to -0.4% from 1.6% in July, a minor fall given evidence of a big hit from weakness in the auto sector ahead of the EU emissions tests.
Friday's industrial production report in Germany capped a miserable week for economic data in the Eurozone's largest economy.
The verdict from the German business surveys is in; economic growth probably slowed further in Q2.
The trend of consensus-beating EZ economic data was brought to a halt yesterday. The IFO business climate index in Germany slipped to a five-month low of 109.8 in January, from 111.0 in December, mainly due to a fall in the expectations index. But we are not alarmed. The dip in the headline comes after a run of strong data, and the IFO remains consistent with GDP growth of about 1.6% year-over-year.
Yesterday's IFO data in Germany heaped more misery on the Eurozone economy.
The outlook for private investment in the Eurozone has deteriorated this year, especially in manufacturing.
Judging by the monthly production data, construction in the Eurozone slowed sharply in the second half of 2018.
Yesterday's economic data added further evidence that GDP growth in the EZ will slow in Q2.
Yesterday's February PMI data sent a clear message to markets.
French manufacturing came roaring back at the end of Q1. Industrial production jumped 2.0% month-to- month in March, driving the year-over-year rate higher to +2.0%, from a revised -0.7% in February.
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