mercredi 25 mars 2015
3 Numbers: German revival on track, US mortgages, US durable goods
Posted on 00:36 by nice news
Wednesday is a relatively slow day for scheduled economic releases, although one update that will receive wide attention in Europe is Ifo’s survey numbers that track the mood in Germany's business community. Later, a couple of US reports will shed more light on the prospects for a spring revival in the macro trend - new mortgage applications and the monthly update on durable goods orders.
Germany: Ifo Business Survey (09:00 GMT) Europe’s growth engine has revved up a bit more this month, according to yesterday’s flash estimate of Markit’s Composite Purchasing Managers Index (PMI) for Germany. Private sector business activity increased at the best rate since last July. Key factors include “an improving economic environment and stronger demand from both domestic and foreign markets,” said a Markit economist. “It looks like the German economy is entering the economic fast lane again, with survey data suggesting that we should expect another quarter of solid GDP growth.”
In that case, we should expect to see confirming support in today’s Ifo release. Not surprisingly, that’s what economists are anticipating. Econoday.com’s consensus forecast sees Ifo’s trio of business sentiment benchmarks inching higher again in March. That’s nothing new. Ifo’s measure of the mood in the business community has been signalling improvement since last November and today’s release is widely projected to deliver another chapter for the current revival narrative.
Germany: Ifo Business Survey (09:00 GMT) Europe’s growth engine has revved up a bit more this month, according to yesterday’s flash estimate of Markit’s Composite Purchasing Managers Index (PMI) for Germany. Private sector business activity increased at the best rate since last July. Key factors include “an improving economic environment and stronger demand from both domestic and foreign markets,” said a Markit economist. “It looks like the German economy is entering the economic fast lane again, with survey data suggesting that we should expect another quarter of solid GDP growth.”
In that case, we should expect to see confirming support in today’s Ifo release. Not surprisingly, that’s what economists are anticipating. Econoday.com’s consensus forecast sees Ifo’s trio of business sentiment benchmarks inching higher again in March. That’s nothing new. Ifo’s measure of the mood in the business community has been signalling improvement since last November and today’s release is widely projected to deliver another chapter for the current revival narrative.
3 Numbers: German revival on track, US mortgages, US durable goods
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