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European economy

European economy 21st September 2023

German PPI falls in August for second month in a row, accelerating disinflation at output level

Link Securities| Germany’s Federal Statistical Office, Destatis, published on Wednesday that Germany’s producer price index (PPI) rose 0.3% in August from July, slightly more than the 0.2% expected by FactSet consensus analysts. On a year-on-year basis, Germany’s PPI fell by 12.6% in August (-6.0% in July), slightly less than the 12.8% expected by the analysts’ consensus. August was the second consecutive month of a year-on-year decline in the PPI, the…

European economy, In Europe

Despite EC downgrade of growth outlook, inflation outlook remains elevated: +5.6% in 2023 (previous +5.8%) and +2.9% in 2024

European economy

German CPI finally stands at 6.1% in August, with core stuck at 5%

European economy

European investor confidence as measured by Sentix falls again in September: -21.5 vs. -18.9 previously

European economy

Acciona Energia and Telefonica Deutschland to exit Stoxx 600, Hochtief and others join

European economy

With orders at record lows, Eurozone manufacturing rises 0.8 points to 43.5 in August

European economy

Positive results from Bayer clinical trial to treat Parkinson’s disease

European economy

Overall credit growth to the private sector slowed to 1.6% in July, weakest pace since June 2016

European economy

Europe’s gas storage at 90%

European economy, Relevant News Item 25th August 2023

Goodbye to the “soft landing”? Eurozone’s PMI slump foreshadows recession

Ana Racionero (Intermoney )| In Europe, the PMIs showed the bill that is being paid for the ECB’s rate hikes. The downturn was of great magnitude and, what is worse, anticipates recession in the eurozone, specifically, a contraction of around -0.2%/-0.3% in the third quarter, after having grown by 0.3% in the previous quarter. Although France’s manufacturing rose in August from 45.1 in July to 46.4, when a decline to…

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