Bankinter : Germany’s industrial production in March was less weak than expected: -3.3% year-on-year against -3.6% expected and -5.3% previous (revised from -4.9%). The month-on-month figure was -0.4% against -0.7% expected and +1.7% previous (revised from +2.1%). Bankinter’s analysis: No market impact after the release last week of German GDP for 1Q2024, which avoided a technical recession by rising more than expected: +0.2% quarter-on-quarter versus -0.5% quarter-on-quarter against -0.5% quarter-on-quarter…

In an international comparison of business locations, economics professors gave Germany a grade of just 3.4 (on a scale of 1 to 6, where 1 is the best score). This is according to the latest ifo Institute Economists Panel. A grade of 3 was awarded by 38 percent of respondents, 20 percent gave a 2, 17 percent a 4, and 20 percent a 5. “This poor result is quite worrying…

Bankinter : The German government has improved its growth estimates for 2024. It revises upwards by one tenth of a percentage point to +0.3% YoY (vs +0.2% prev.) the GDP growth expected this year. Maintains the estimate of +1.0% for 2025. Analysis: Positive news. The German government expects both consumption and industrial activity to perform better than estimated this year. The good evolution of inflation (+2.2% in March), the likely…