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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.
GERMAN DATA
IP is an important indicator of currrent business cycle activity. Looking at the chart below, however, it is evident that industrial GVA was growing at a faster pace pre-crisis (particularly 2015-2017). And then post-crisis, there has been a much less pronounced fall in activity, particuarly over the last year.
- Destatis initially estimate GVA using monthly IP trends. This is because the data underlying final GVA calculations is received significantly later than the one for GDP by expenditure.
- This lowers the predictive power of recent GVA prints as they can get heavily revised, the Ministry of Finance notes.
- Taking the data at face value, also for industrial GVA, the overall trend seemingly remains to the downside, however.
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.
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