Archive

Germany IFO 88.7 (consensus 88.0) in Sep-23

- Germany IFO index in September 2023 slightly surpassed expectations but remained historically low, indicating persistent pessimism in business sentiment.
- The IFO index is significantly below both the one-year and long-term averages, reflecting a prolonged decline in business confidence.

Germany PMI services 49.8 (consensus 47.2) in Sep-23

- Germany's PMI for the services sector in September 2023 improved significantly compared to the previous measurement, indicating a potential uptick in demand.
- Despite the improvement, the sector is still below the expansion threshold of 50, suggesting challenges in fully recovering its strength.

Germany PMI manufacturing 39.8 (consensus 39.5) in Sep-23

- Germany's PMI manufacturing reading of 39.8 in September 2023 indicates a slight improvement from the previous month, but still signifies a contraction in the sector.
- Although the PMI reading is the highest since June 2023, it remains significantly below the one-year average, highlighting the ongoing challenges faced by the German manufacturing sector.

Germany ZEW -11.4 (consensus -15.0) in Sep-23

- Germany's ZEW Economic Sentiment Index improved to -11.4 in September 2023, surpassing market expectations and reaching its highest level since June 2023.
- Despite the improvement, the index remains below both the short-term and long-term averages, indicating ongoing negative economic sentiment in Germany.