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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.
GERMAN DATA
MNI (London)
GERMANY SEP ZEW CURRENT CONDITIONS -60.5 (FCST -52.1); AUG -47.6
GERMANY SEP ZEW EXPECTATIONS -61.9 (FCST -59.5); AUG -55.3
- Another substantial fall was recorded by the ZEW survey of German economic conditions, with the assessment of current conditions dropping 12.9 points to near March 2021 lows and outlooks at at -61.9, nearing the 2008 low.
- Both indexes fell further than consensus expectations again.
- Anticipated energy shortages ahead of Winter were a key downwards driver for German industry outlooks, worsened by pessimistic outlooks regarding growth in China.
- Headline inflation has remained elevated at 7.3-7.9% since March, with little sign of easing through year-end.
- Yesterday's ifo economic forecast for Autumn sees inflation choking private consumption ahead of a contractive winter. Today's data is again uncomfortable reading for the ECB, which appears to be hiking into a recession.
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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