M3 – August priv.sec.loans
%yoy 3-mma (%yoy) %yoy

Median Forecast 3.4 3.4 -0.3
High forecast 4.1 3.7 -0.2
Low forecast 2.9 3.2 -0.3
Previous period 3.8 3.4 0.1

Number of responses 7 3 2

4Cast 3.8 n/a n/a
Barclays Cap. 2.9 n/a -0.2
BNP Paribas 3.2 3.4 n/a
Capital Economics 3.4 n/a n/a
Citi 4.1 3.7 n/a
Commerzbank 3.1 n/a -0.3
DZ Bank n/a n/a n/a
LBBW n/a n/a n/a
Soc. Generale 3.4 3.2 n/a

HICP (flash) Economic Industry Services
– September – Morale Morale Morale
%yoy – September –

Median Forecast 2.5 85.7 -15.0 -10.3
High forecast 2.6 87.0 -15.0 -9.5
Low forecast 2.3 85.0 -17.0 -11.0
Previous period 2.6 86.1 -15.3 -10.8

Number of responses 8 7 4 2

Barclays Cap. 2.4 n/a n/a n/a
BNP Paribas 2.6 85.7 -15.0 n/a
Capital Economics 2.4 85.0 n/a n/a
Citi 2.5 85.0 -17.0 n/a
Commerzbank 2.5 87.0 -15.0 -9.5
DZ Bank 2.3 85.7 n/a n/a
LBBW 2.4 86.1 n/a n/a
Soc. Generale 2.6 86.7 -15.0 -11.0

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

The survey was conducted on Friday, September 21.

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