MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Bundesbank Weekly Activity Index Drops To 5-Month Low

GERMAN DATA
Data BulletDataHomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

The Bundesbank weekly activity index for the week of April 8 - April 14 (week 15) came in at -0.3 (vs -0.1 prior) and implies a quarterly GDP growth rate of -0.3% in the 13 weeks up to April 14 (on a rolling, 13 week/13 week basis).

  • This is the lowest weekly activity reading since early November 2023.
  • The WAI fluctuates around its long-term mean of 0. Positive values indicate above average growth in real economic activity, while negative values signal a below average increase or a decline in economic output.
  • The index takes into account data on electricity consumption, truck mileage, flight activity, foot traffic, air pollution, credit card payments, as well as German google searches for "unemployment", "short-time work", and "state support".
  • The index is volatile and individual weekly readings should not be taken too seriously in isolation, but given the mixed nature of incoming German economic activity data (see our German Macro Signal publication out last week), we are watching closely for any signs of a clearer direction in growth.


Keep reading...Show less
184 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The Bundesbank weekly activity index for the week of April 8 - April 14 (week 15) came in at -0.3 (vs -0.1 prior) and implies a quarterly GDP growth rate of -0.3% in the 13 weeks up to April 14 (on a rolling, 13 week/13 week basis).

  • This is the lowest weekly activity reading since early November 2023.
  • The WAI fluctuates around its long-term mean of 0. Positive values indicate above average growth in real economic activity, while negative values signal a below average increase or a decline in economic output.
  • The index takes into account data on electricity consumption, truck mileage, flight activity, foot traffic, air pollution, credit card payments, as well as German google searches for "unemployment", "short-time work", and "state support".
  • The index is volatile and individual weekly readings should not be taken too seriously in isolation, but given the mixed nature of incoming German economic activity data (see our German Macro Signal publication out last week), we are watching closely for any signs of a clearer direction in growth.


Keep reading...Show less