Archive

August 30, 2023
DE.png

Germany HICP inflation 6.36% y-o-y (consensus 6.2) in Aug-23

- Germany's HICP inflation stood at 6.36% year-on-year in August 2023, surpassing market expectations of 6.2%, indicating persistent inflationary pressures.
- While the growth rate has moderated from the previous period, it remains considerably higher than the inflation target, signalling a continued problem for the ECB.

August 23, 2023
DE.png

Germany PMI services 47.3 (consensus 51.5) in Aug-23

- The Germany PMI services crashed to 47.3 in August 2023, contrary to the 51.5 consensus, reaching the lowest level since November 2022.
- This decline is supported by other economic indicators such as weak GDP growth, stagnant unemployment rates, and negative economic sentiment.

August 23, 2023
DE.png

Germany PMI manufacturing 39.1 (consensus 38.7) in Aug-23

- Germany's PMI manufacturing for August 2023 improved slightly to 39.1 from the previous month's figure of 38.8 (consensus 38.7), signalling a slight improvement but remaining far below the growth threshold of 50.
- The PMI reading of 39.1 is the highest level since June 2023, suggesting some improvement, but it still lags significantly behind the one-year average by 5.12 points.

August 15, 2023
DE.png

Germany ZEW -12.3 (consensus -14.4) in Aug-23

- Germany ZEW indicator for August 2023 improves to -12.3, exceeding consensus expectations.
- Despite the improvement, the indicator remains below the long-run average, indicating ongoing concerns about future economic growth.

By country