The German trade balance recorded a 13.1B surplus in August, beating market expectations. The previous number, released for the month of July was revised to 11.6B from 11.8B. From one year earlier, th...

Industrial production had surged in the month of August in Germany, up by 3.4% from one month earlier. The market expected a read of -0.2%. Year over year, industrial production had rose by 1.7%, howe...

Euro-Zone final Q2 GDP was confirmed at -0.2% QoQ and 1.4% YoY, in line with expectations. There were minor revisions to the components, with contractions in investment and exports revised slightly do...

The volume of German industrial orders rebounded 3.6% in August. While such a bounce was not anticipated, the trend remains clearly adverse. Orders had declined in each of the eight previous months an...

Factory orders in Germany have risen for the first time in nine months. The released number of 3.6% is much greater than the forecasted number of 0.2%. At the same time, the previously released number...

Investor confidence in the Euro-Zone fell more than expected as the Sentix index slipped to -27.8 from -20.2 in September. A deeper look at the report showed that investor expectations plunged to -41....

The Sentix indicator shows investors are continuing to turn bearish on the European economy. At the same time, private and institutional traders’ assessment of the European economic future has deterio...

Retail sales in the Euro-area rose in August 0.3%, up from the previous month, when retail sales rose by 0.1% (revised from -0.4%). In August, the released number deviated slightly from the forecasted...

The Euro-Zone Services PMI contracted for the fourth consecutive month, but was revised higher to 48.4 from a preliminary reading of 48.2. Meanwhile, the PMI reading for Germany was also revised highe...

The service side of the economy in the Euro-area has been in contraction for the last four months according to the latest PMI release. The released number of 48.4 is near a five year low and the econo...

The Euro-area PPI showed deflation for the first time in almost two years. The release number of -0.5% was in-line with analyst forecasts. The number released for the month of July was revised up from...

Early today, Euroland reported a downward revision of its September PMI-manufacturing index to 45.0 from a preliminary estimate of 45.3 and an August reading of 47.6. In the United States, the Institu...

The unemployment rate in the Euro-area rose to a higher level than expected, 7.5%, versus analyst expectations of 7.3%. The unemployment rate for the month of July was revised up, to 7.4%. Around 11.5...

The PMI release shows the euro-area manufacturing side of the economy contracted for the fourth consecutive month. The release number of 45.0 is slightly smaller than analyst expectations of 45.3. It ...

Euro Zone inflation was released in-line with analysts forecast. Expectations had been for a drop to 3.6% from 3.8%, unrevised, indicating that we may have reached a peak in inflation. Inflation in th...

The German jobless rate slipped to -29K from a revised reading of -39K in August, which helped to keep the unemployment rate held steady at its lowest level in 16 years. The unemployment rate was unch...

The unemployment rate in Germany declined by 29K, seasonally adjusted, larger than market expectations. The previously released number, for the month of August, was left unrevised at 40K. The release ...

The eurozone September economic confidence indicator fell less than feared - to 87.7 from 88.5 in the previous month. Our median was 87.1. The drop in the overall reading reflects a decline in industr...

Consumer confidence in the Euro-area remained stable at -19, in-line with market expectations. The index is just a few points above the bottom reached in early 2003. The last time the euro-area consum...

Eurozone M3 money supply growth slowed to 8.8% y/y in August. July data were revised down to 9.1% from 9.3% reported initially. The 3-months moving average, the ECB's preferred target, slowed to 9.2% ...

The M3 number hit the wires at 8.8% lower than what analyst had previously estimated. The number for the month of June was left revised to 9.1%. The M3 money read is a very important release for the E...

German consumer confidence unexpectedly improved to 1.8 from 1.5 in September on the back of falling oil prices. Indeed, the improved sentiment should help to brighten the growth outlook for Europe’s ...

The consumer climate in Germany for the month of October was released at 1.8, better than market expectations of 1.3. The forecasted number, 1.5 for the month of September was revised higher to 1.6. G...

The prestigious IFO Economic Institute of Munich surveys firms each month for their assessment of whether business conditions are currently good or bad and whether such are likely to become more or le...

The German ifo fell yet again from 94.8 in August to 92.9 in September (consensus 94.3). This was the fourth month in a row the ifo index disappointed. The ifo expectations index fell to its lowest le...

The German IFO business climate fell to 92.9, less than the market expected, hitting a three year low. This is the fourth release in a row in which German business expectations have deteriorated, sugg...

The Euro-area current account was released at -1.7B, much better than analyst expectations of -6.2B. At the same time, the previously released number, for the month of June, was revised lower from -8....

IFO economist Nerb said the time has come for rate cuts. IFO president Sinn said German confidence is falling in "large steps" and IFO economist Nerb said "it is no secret that the third quarter is re...

Euroland's composite PMI reading in September fell after a small rebound and was also below the July reading. A score above 50 is needed to connote expanding activity, so September's result implies an...

PMI fell further in September confirming a picture of a Euroland economy flirting with recession. Composite PMI fell to 47 from 48.2 in August (consensus 47.8, Danske Bank 47.9). The decline was drive...

Industrial orders rose unexpectedly in July from the previous month. The market anticipated industrial orders falling by 0.7% in July, instead of the released number that saw order rise by 1.0%. Exclu...

The European PMI service shows that both the service and manufacturing side of the economy are still in a contraction phase. This is the fourth consecutive month when the two indexes show a read below...

The German service PMI was released at 49.3, showing a drop since the last month, while the manufacturing index came at 49.3. Last month, the manufacturing side of the economy dipped into the contract...

The German PPI was released at -0.6% for the month of August, diverging from the market’s expectations of -0.4%. This is the first time since January 2007 that German producers have seen lower input p...

On first glance, today's inflation figures did contain a small surprise as core inflation (i.e. total ex energy, food, alcohol and tobacco) rose by 1.9%, up 0.2 percentage points relative to July. Acc...

Over the summer, the growth outlook for the euro zone economy deteriorated quite dramatically. It became clear that the US economic slowdown wouldn't remain contained in the 'States, but would also hu...

Inflation in the Euro-area is up 3.8% from one year earlier, in-line with market expectations. The core read, excluding volatile items rose to 1.9%, higher than the expected 1.7%. The highest annual r...

The ZEW Indicator for Germany improved much more than expected in September 2008, by 14.4 points. The indicator now stands at minus 41.1 points after minus 55.5 points the previous month. The released...

In August, the German CPI fell 0.3%, in-line with market expectations. This is the first time the CPI has shown deflation since April 2008, as the high cost of energy had made inflation rise to record...

In July, industrial production fell in the Euro-area 0.3% from one month earlier. Analysts had expected a 0.2% rise in production output. From one year earlier, production declined by 1.7%. In July 20...

The number of persons employed in the euro-area rose by 0.2% in the second quarter of 2008. Compared with the second quarter of 2007, employment grew by 1.2%. Employment in the Euro-area grew by almos...

The ECB releases the data that backs the bank’s decision to hold interest rates at 4.25% at the meeting held one week ago. Usually, the market has a weak response to this release, since the data that ...

German exports rose to 11.8B in July, a lot less than analyst expectations. From the beginning of 2006 to the middle of 2007, German exports were in a clear uptrend, however, since the global slowdown...

In July, German Industrial Production fell by 1.8% from one month earlier, much lower than analysts’ expectations of -0.5%. Compared to August 2007, industrial production fell by 0.6%, in seasonally a...

Weak demand has caused German factory orders to drop for an eighth month in a row. Factory orders fell by 1.7% from last month, lower than market expectations, and off by 0.7% from last year. Domestic...

The volume of retail trade was down by 0.4% in July, lower than analyst expectations, while sales were down by 2.8% from last year. Last month’s number of -0.6% was revised lower to -0.9%. The largest...

The Euro-area GDP declined by 0.2% in the second quarter of 2008, in-line with analysts’ expectations. Compared with last year, the Euro-area GDP is up by 1.4%. During the second quarter of 2008, hous...

The service side of the economy in the Euro-area has been in contraction for the last 3 months the PMI release shows. The released number of 48.5 is near a five years low and the economy is struggling...

Producer price inflation in the Euro-zone rose 1.1% in July, higher than the average read of the last few years. Analysts had predicted a 1.3% increase from the previous month. Year-over-year, produce...

The PMI release shows the Euro-area manufacturing side of the economy contracted for the third consecutive month. The release number of 47.6 is in-line with analyst expectations of 47.5. It is thought...