EMU economic indicators

0

0

HICP inflation in the euro area (August): likely to be confirmed at 3.6% yoy

Mon, Oct 13 2008, 12:32 GMT
by BHF-Bank Economics Department

BHF-Bank


  • German ZEW economic sentiment (October): down

  • EMU industrial production (August): up

In October, the German ZEW economic sentiment will probably have suffered a setback after having improved twice unexpectedly. In the last four weeks, an increasing number of the financial analysts, who participate in the ZEW survey, will probably have realized the extent of the current financial turmoil and its potential long term effects on economic growth. Both the ifo business expectations and the US ISM manufacturing index have deteriorated. The German yield spread has done so too, as long-term interest rates have gone down, whereas short-term rates have increased. Moreover, the DAX performance index has declined. However, the euro has depreciated and the crude oil price has fallen.

EMU industrial production has probably increased significantly in August, just like most of the corresponding national figures. The EMU trade balance is likely to have deteriorated in August, similar to the corresponding German figure.

Final HICP inflation in the eurozone is likely to be confirmed at 3.6% in September. The monthly inflation rate is expected to be 0.0%. German consumer price inflation in August will probably be confirmed at 2.9 % yoy and –0.1 % mom. According to the preliminary results, the monthly decrease was mainly due to seasonally lower prices for accommodation and package tours as well as for food.


Archive

BHF-BANK Aktiengesellschaft  | Bockenheimer Landstrasse 10 60323 Frankfurt am Main
http://www.bhf-bank.com/w3/index.en.jsp | corp-comm@bhf-bank.com

Legal disclaimer and risk disclosure

This report has been prepared by BHF-BANK Aktiengesellschaft on behalf of itself and its affiliated companies (together "BHFBANK Group") solely for the information of its clients. The information and opinions in this document are based on sources believed to be reliable and acting in good faith, but no representation or warranty, express or implied, is made by any member of the BHF-BANK Group as to their accuracy, completeness or correctness. Opinions and recommendations are given in good faith but without legal responsibility and are subject to change without notice. The information does not constitute advice or personal recommendation, for which the duty of suitability would be owed, but may facilitate your own investment decision. Moreover, you should seek your own advice as to the suitability of an investment matter mentioned herein. Investors are reminded that the price of securities and the income from them can go down as well as up and that the past performance of an investment or a market is not necessarily indicative for future results. This document is for information purposes only. Descriptions of any company or companies or their securities mentioned herein are not intended to be complete, and this document is not, and should not be construed as, an offer to sell or solicitation of any offer to buy the securities mentioned in it. BHF-BANK Group and its officers and employees may have a long or short position or engage in transactions in any of the securities mentioned in this document, or in any related securities. This publication must not be distributed in the United States. © 2006 BHF-BANK Aktiengesellschaft All rights reserved. Please mention source when quoting from it.

Related reports

retailsales

Related News

INSTANT VIEW 1-Irish Aug retail sales in biggest drop since '84
Thomson Financial News | Fri, Oct 10 2008, 10:58 GMT

Several UK Retailers May Go Belly Up Next Year-...
Dow Jones | Mon, Oct 6 2008, 12:23 GMT

INSTANT VIEW 1-Euro zone Aug retail sales up 0....
Thomson Financial News | Fri, Oct 3 2008, 09:17 GMT

Euro zone Aug retail sales stronger than expected
Thomson Financial News | Fri, Oct 3 2008, 09:16 GMT

TABLE-Euro zone Aug retail sales beat expectations
Thomson Financial News | Fri, Oct 3 2008, 09:16 GMT

retailsales

View All

Interested in forex trading? forex brokerage firms!


GFT
Contact the broker/FDM
Open a demo account
Interbank FX, LLC
Contact the broker/FDM
Open a demo account
Advanced Markets
Contact the broker/FDM
Open a demo account
ODL Securities Inc
Contact the broker/FDM
Open a demo account
Crown Forex SA
Contact the broker/FDM
Open a demo account

FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)

[Read Premium full description]

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management.

Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

©2008 "FXstreet.com. The Forex Market" All Rights Reserved.