Growth hasn’t kept pace in the second quarter Signs of a dramatic upswing are lacking German economy will improve over the rest of 2013 Sees extraordinarily good consumer climate Company investment confirms solid foundation Buba highlights from its monthly bulletin.
Prior 0.7% -2.1% vs -0.1% exp y/y. Prior +0.3% Big drop in output. Euro falling further below 1.3300 to 1.3286 Big falls for Energy-1.6%, Capital goods -2.6% and durable consumer goods -2.2%
Just in case you were getting too carried away with a European recovery Car bigwigs are warning that factories may have to close and jobs cut in the industry, as Europe continues to struggle with high unemployment leading to weak … Continue reading
Prior +2.4% -2.2% vs +0.9% exp y/y. Prior 2.0% Ouch, that’s not good. EUR/USD crumbling to tech support at 1.3110. German economy ministry says July’s fall is due mainly to strong previous month. Moderate upwards trend in manufacturing and significantly … Continue reading
Prior 3.8% 2.0% vs 2.9% exp y/y. Prior 4.3% Euro takes a dip to 1.3194 but is quickly bought up again to 1.3205 Foreign orders was the biggest faller -4.5% from +6.1% with EZ orders down 7.5% from +8.8%, non … Continue reading
Sees economy on more solid footing moving into 2014 It’s premature to say crisis is over Not sure who is speaking but someone in the EU is loving it. Probably find out it’s Herman Van Bore off who was blabbing … Continue reading
Prior -0.5% -1.3% vs -0.4% exp y/y. Prior -0.9% revised to -1.1% Retail sales are still looking very weak in the Eurozone which shows that consumers are still struggling.
Prior 0.3% q/q -0.5% vs -0.7% exp y/y. Prior -0.7% Quarterly remains unchanged but the annualised figure gets a boost to -0.5% from -0.7%. EUR/USD up to 1.3181.
Prior 0.0% 0.2% vs 0.1% exp y/y. Prior 0.3%
premature to say crisis is over banking union in coming months is key to making progress EU Commission’s chief economist speaking at a conference at Alpbach Let’s be clear, especially in view of the dramatic levels on unemployment in many … Continue reading