Best viewed on a device with a bigger screen...
Risks are tilted towards a downward revision of Q2 GDP growth in Germany, to a small contraction.
Near-real-time data in Germany are holding up, but surveys and real M1 growth are terrible.
Germany is now likely in recession; we expect tentative signs of a rebound by Q1-23.
This publication is only available to Eurozone Economic Research (Monitor) subscribers
Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.
August, bloomberg, bloomberg survey, consumer, economy, energy, financial markets, forecasts, gdp, gdp data, german economy, germany, growth, households, industrial output, inventories, leading indicators, m1, m1 growth, markets, money supply, net trade, new orders, orders, production, q2, q2 gdp, q3, real m1, real m1 growth, recession, recreation, retail, supply, survey, surveys, trade, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence