HICP – June Trade – May
%mom %yoy %yoy – core SA (E Bln)

Median Forecast -0.1 2.4 1.6 5.3
High forecast 0.0 2.4 2.3 7.5
Low forecast -0.1 2.3 1.5 4.0
Previous period -0.1 2.4 1.5 6.2

Number of responses 12 17 16 5

4Cast 0.0 2.4 1.5 n/a
ABN AMRO n/a 2.4 1.6 n/a
Barclays Cap. -0.1 2.4 1.6 7.5
Berenberg Bank n/a n/a 1.6 n/a
BNP Paribas -0.1 2.4 1.5 4.0
Capital Economics -0.1 2.4 1.6 5.0
Citi -0.1 2.3 n/a 6.0
Commerzbank n/a 2.4 1.6 n/a
DZ Bank -0.1 2.4 n/a n/a
ING -0.1 2.3 1.6 n/a
Lloyds Bank 0.0 2.4 1.8 n/a
LBBW n/a 2.4 n/a n/a
Morgan Stanley n/a 2.4 1.5 5.3
Natixis 0.0 2.4 2.3 n/a
Nomura n/a n/a 1.6 n/a
Rabobank n/a n/a n/a n/a
Soc. Generale 0.0 2.4 1.5 n/a
Standard Chartered 0.0 2.4 1.5 n/a
UBS -0.1 2.3 1.6 n/a
Unicredit n/a 2.4 1.5 n/a

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* Median is based on above forecasts and is not intended to represent
a consensus.

The survey was conducted on Friday, July 13.

[TOPICS: MTABLE,M$GDS$,M$G$$$,M$XDS$,M$X$$$]