Search Results: 20
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20 matches for "Advance GDP":
In one line: Poor, but better than we had feared.
In one line: Technical recession averted for now; but growth has stalled.
In one line: Germany edges closer to recession.
In one line: Weak even before the full hit from Covid-19.
In one line: Avoiding a technical recession by small margin.
In one line: Surprisingly resilient, but Banxico will continue cutting rates.
In one line: A soft start to the second half of the year; Banxico will continue cutting rates.
In one line: Germany is in recession, and worse is coming.
In one line: Domestic demand to the rescue, but inventories will be a drag in Q2.
In one line: Solid, but the rounding is very favourable.
In one line: The lockdowns in March ruined Q1; domestic demand hit a brick wall.
In one line: Merde; a slump in net investment and inventories ruined Q4.
The EZ economic survey data for April were disappointing in our absence.
In one line: A bold cut to help the economic recovery, more to come.
The monthly data for industrial production and retail sales, and the advance GDP headline, already paint a grim picture of what happened in the EZ economy at the end of 2018.
Investors face a busy EZ calendar today, but the second estimate of Q3 GDP, and the advance GDP data in Germany, likely will receive most attention. Yesterday's industrial production report in the Eurozone was soft, but it won't force a downward GDP revision, as we had feared.
Friday's advance GDP data provided the first solid evidence of a Q1 slowdown in the euro area economy.
In one line: Grim, but the numbers are already factored-in by the advance GDP data.
German exporters stumbled at the end of last year. The seasonally adjusted trade surplus in Germany dipped to €18.4B in December, from €21.8B in November, hit by a 3.3% month-to-month plunge in exports. Imports were flat on the month. The fall in exports looks dramatic, but it followed a 3.9% jump in the previous month, and nominal exports were up 2.5% over Q4 as a whole. Advance GDP data next week likely will show that net trade lifted quarter-on-quarter growth by 0.2 percentage points, partly reversing the 0.3pp drag in Q3. Real imports were held back by a jump in the import price deflator, due to rebounding oil prices.
The Greek economy escaped recession in the second half of last year. Real GDP rose a cumulative 1.2% in Q2 and Q3, following a 0.6% fall in Q1. And industrial production and retail sales data suggest that the advance GDP report released later this month will show that the momentum was sustained in Q4. Headline survey data, however, indicate that downside risks to the economy remain.
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