EMU New Orders Belgium France
– February – Business Morale Business Morale
%mom %yoy April April

Median forecast* 0.8 21.2 6.0 105.0
High forecast 2.0 22.5 6.5 109.0
Low forecast 0.3 19.0 4.8 103.0
Previous period 2.1 18.5 5.8 106.0

No of responses 5 5 5 11

4Cast 1.9 22.3 6.0 106.0
Action Economics na na na na
Barclays Cap. 0.3 20.8 6.2 106.0
BNP Paribas 0.8 19.0 4.8 105.0
Capital Economics na na na na
Citi 0.7 21.2 na 105.0
Commerzbank na na 5.0 105.0
Cred. Agricole 2.0 22.5 na 106.0
DZ Bank na na na 104.0
Goldman Sachs na na na na
JP Morgan na na na na
Natixis na na na 103.0
Nomura na na 6.5 na
Soc. Generale na na na 109.0
UBS na na na 105.0
Unicredit na na na na
West LB na na na 106.0
———————————————————————–

France PMI Germany PMI EMU PMI
– March – – March – – March –
Factory Services Factory Services Factory Services

Median forecast* 55.5 58.9 61.5 58.5 58.5 56.1
High forecast 56.3 60.9 63.0 59.1 60.0 57.5
Low forecast 53.5 57.5 60.7 57.1 57.3 55.5
Previous period 55.7 59.7 62.7 58.6 59.0 56.8

No of responses 9 9 11 11 14 14

4Cast 56.0 60.0 63.0 58.8 60.0 57.5
Action Economics na na na na na na
Barclays Cap. na na na na 58.5 56.0
BNP Paribas na na na na 58.0 55.8
Capital Economics na na na na na na
Citi na na na na 58.5 56.5
Commerzbank 55.5 59.0 62.0 58.0 58.5 56.3
Cred. Agricole 55.5 59.2 62.0 58.5 58.5 56.5
DZ Bank 54.6 58.5 61.5 57.1 58.3 55.5
Goldman Sachs na na 61.5 59.0 na na
JP Morgan 55.8 58.7 61.5 57.6 58.0 55.8
Natixis 53.5 57.5 60.7 58.0 57.3 55.8
Nomura 56.3 60.9 60.9 59.1 58.4 57.2
Soc. Generale 56.2 58.9 61.5 59.0 58.2 56.2
UBS na na 63.0 59.0 58.8 56.5
Unicredit na na na na 58.5 56.0
West LB 54.5 58.5 62.0 58.0 58.0 56.0
———————————————————————–

Germany – February France Germany
Import Prices Consumer Morale GfK Morale
%mom %yoy March April

Median forecast* 1.0 11.7 85.0 6.0
High forecast 1.1 11.9 85.0 6.0
Low forecast 0.9 11.6 83.0 5.8
Previous period 1.5 11.8 85.0 5.8

No of responses 4 3 7 4

4Cast 1.1 11.9 85.0 na
Action Economics na na na na
Barclays Cap. na na 85.0 5.9
BNP Paribas 0.9 11.6 85.0 na
Capital Economic na na na na
Citi 0.9 11.7 83.0 na
Commerzbank na na 84.0 6.0
Cred. Agricole na na 85.0 6.0
DZ Bank 1.0 na na na
Goldman Sachs na na na na
JP Morgan na na na na
Natixis na na na na
Nomura na na na na
Soc. Generale na na na na
UBS na na na na
Unicredit na na na 5.8
West LB na na 85.0 na
———————————————————————–

Germany – Ifo
– March –
Business Current Expectations
Climate Situation

Median forecast* 110.5 114.5 107.0
High forecast 111.3 115.0 107.5
Low forecast 109.5 113.5 104.9
Previous period 111.2 114.7 107.9

No of responses 15 10 10

4Cast 111.3 115.0 107.5
Action Economics na na na
Barclays Cap. 110.4 114.2 106.6
BNP Paribas 109.5 114.7 104.9
Capital Economic na na na
Citi 110.7 na na
Commerzbank 110.5 na na
Cred. Agricole 110.5 114.5 107.0
DZ Bank 110.5 114.3 106.8
Goldman Sachs 110.5 na
JP Morgan 110.3 114.5 106.0
Natixis 111.2 114.9 107.5
Nomura 110.7 114.5 106.9
Soc. Generale 110.2 113.5 107.0
UBS 111.0 115.0 107.5
Unicredit 110.0 na na
West LB 110.5 na na
———————————————————————-

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

The survey was conducted on Friday, March 18.

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