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20.05.2019 19:57

News flow for German economy improving - BNP Paribas

Analysts at BNP Paribas note the news flow for the German economy has definitely improved over the past few months.

  • Manufacturing output strengthened for the second consecutive month, although remaining well below last year’s level. Also, industrial orders rose slightly, although falling short of market expectations.
  • Even though consumer confidence slightly weakened April, it remained at a very high level. Thanks to the resilience of consumer demand and construction activity, GDP increased by 0.4% in Q1. This was better than expected only a couple of weeks before. However, the decline in the ZEW economic sentiment indicator for May, published last Tuesday, points at sluggish growth in the coming months, as the US-China trade dispute and Brexit continue to weigh on industrial activity.



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Market focus

  • German factory orders unexpectedly fell in October
  • BOJ's Harada says no need to take additional policy steps
  • Eurozone construction activity continues to grow in November
  • Eurozone GDP up by 0.2% during the third quarter, as expected
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