Bankinter | The ZEW economic sentiment survey showed somewhat mixed data in February. Expectations fell to 58.3 from 59.6 (against 65.2 expected), while the current situation improved in line with expectations to -65.9 from -72.7. The overall indicator remains stable, signalling that the German economy is entering a still fragile recovery phase. Bankinter analysis team’s view: The largest economy in the European bloc continues to face structural challenges, especially in…

Bankinter | The ZEW economic sentiment survey showed positive data in January. Expectations rebounded more than expected to 59.6 from 45.8 previously versus 50.0 expected, while the current situation accelerated to: -72.7 versus -76.0 expected and -81.0 previously. Bankinter analysis team’s view: Positive data. Among the sectors that drove the improvement in expectations were the metal industry, the pharmaceutical industry and automobiles. However, the sectors that slowed down, albeit more…

Norbolsa | German exports rebounded unexpectedly in October, exceeding expectations of a decline. Meanwhile, exports to the US and China fell sharply. Total exports accelerated by 0.1% compared to the previous month, differing from the forecast of a 0.5% decline. Imports fell by 1.2%, while the overall balance showed a surplus of €16.9 billion in October, compared to €15.3 billion in September. Exports to eurozone countries grew by 2.7%, while…

Norbolsa | German consumer confidence improved slightly in December, as households became more willing to spend money ahead of the Christmas season, although less optimistic income prospects are preventing a stronger recovery. The consumer confidence index published by Gfk rose to -23.2 points in December from -24.1 points the previous month, in line with expectations.

Norbolsa | The Bundesbank issued a warning about the growing risk of financial instability looming over Germany, citing factors such as the erratic trade policy of the United States, overvalued stock markets, excessive debt levels in various parts of the world and deteriorating bank credit quality. It thus made a more negative risk assessment, contrasting with the ECB’s assessment, and saw a greater risk to growth, amplified by tariffs.

Bankinter | Industrial production in September was once again weaker than expected, falling by 1.0% year-on-year, compared to an estimated rise of 0.1% and a 3.9% drop previously. In month-on-month terms, it rebounded by 1.3% versus 3.0% expected and after the sharp fall seen in August (4.3%), which was the largest since 2022, mainly due to the18.5% fall in car production. Analysis team’s view: Negative data, although we do not…

Link Securities | Germany’s business climate index, compiled by the IFO institute, fell to 87.7 points in September from 88.9 points in August, significantly below the 89.2 points expected by FactSet analysts. September’s reading is the lowest for this index since last May. It also represents the sharpest monthly decline in the last 12 months, reflecting growing pessimism among German companies.In September, the sub-index reflecting German companies’ expectations fell to…