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16 matches for " ifo expectations":
Yesterday's money supply data in the Eurozone were solid across the board.
Friday's detailed GDP data in Germany confirm that the euro area's largest economy performed strongly in the second quarter.
Yesterday's business confidence data in the EZ core were mixed.
We have been telling an upbeat story about the EZ economy in recent Monitors, emphasizing solid services and consumers' spending data.
Friday's factory orders report in Germany provided a bit of relief amid the gloom in manufacturing.
Friday's detailed Q2 growth data in the EZ broadly confirmed the advance numbers.
Yesterday's headline economic data in Germany were decent enough. Industrial output edged higher by 0.3% month-to-month in May, lifted primarily by rising production of capital and consumer goods.
Today's data dump will deliver the advance PMIs and the French INSEE business sentiment indices for February, all of which will be examined closely for signs of stabilisation in the wake of recent evidence that EZ growth is slowing quicker than markets and the ECB have been expecting.
We have been on the ECB's case recently. The action taken at last week's official meeting--see here--fell short of market expectations, but more importantly, Ms. Lagarde's communication around the decisions was disastrous.
Manufacturing in France remained on the front foot at the start of Q4.
The hard data now point to a horrendous Q3 GDP print in Germany, which almost surely will constrain the advance EZ GDP print released on October 30.
German inflation data are more noise than signal at the moment.
Yesterday's inflation data in Germany were old news to markets, but the details were spectacular all the same.
Production in the EZ construction sector slumped at the end of Q4. Data yesterday showed that output slid by 3.1% month-to-month in December, comfortably reversing the 0.7% increase in November.
Yesterday's second estimate of GDP confirmed that Eurozone growth slowed significantly in Q3.
The two main national surveys--IFO and INSEE-- both beat consensus forecasts yesterday, supporting our story of that economic sentiment is holding up relatively well in the face increasing investor anxiety. In Germany, the main IFO business climate index rose marginally to 108.5 from a revised 108.4 in August, boosted by an increase in the expectations index to a six-month high of 103.3, up from 102.0 in August. The IFO expectations index points to real GDP growth rising 0.5%-to-0.6% quarter-on-quarter in Q3.
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