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EMU economic indicators
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ECB set to keep refi rate unchanged
Mon, Jun 2 2008, 09:04 GMT
by BHF-Bank Economics Department
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German industrial new orders will probably have decreased in April
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Output in the German producing sector might have improved slightly in April
German industrial new orders probably decreased in April, as the correlated climate indicators had deteriorated. However, output in the German producing sector might have increased slightly in April, due to a rebound in construction activities.
The RBS purchasing managers’ indices for the German and the EMU manufacturing sector for May are not likely to be revised significantly. The same applies to the EMU GDP in Q1. The detailed breakdown of the GDP components will also be published.
The ECB Council will meet on Thursday to discuss monetary policy and is expected to keep rates on hold. In the statement, President Trichet is likely to stress that inflation rates still remain elevated. But he will probably also emphasize that the economic outlook has deteriorated. The new ECB staff macroeconomic projections will be presented in the press conference too. The projections for HICP inflation might be shifted upwards from between 2.6% and 3.2% in 2008 and between 1.5% and 2.7% in 2009. The outlook for real GDP growth will probably be revised downwards marginally from between 1.3% and 2.1% in 2008 and between 1.3% and 2.3% in 2009.
Published on Mon, Jun 2 2008, 09:12 GMT
Archive
- German industrial new orders (August): down
Published On Mon, Oct 6 2008, 11:59 GMT - German retail sales (August): decreasing further
Published On Mon, Sep 29 2008, 12:46 GMT - M3 growth (July): slowed to 9% yoy
Published On Tue, Sep 23 2008, 09:27 GMT - German ZEW economic sentiment (September): down
Published On Mon, Sep 15 2008, 06:07 GMT - EMU industrial production (July): down
Published On Mon, Sep 8 2008, 06:33 GMT
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