25 Mar 2015
Germany shows signs of solid growth – MP
FXStreet (Barcelona) - With recent German data creeping to the positive side, Dean Popplewell, Director of Currency Analysis at MarketPulse, mentions that the economy is showing signs of solid growth, with businesses unaffected by any grexit risks.
Key Quotes
“The EUR’s rebound has come amid some improving economic data in the eurozone. Yesterday’s Euro regional (Germany and France) and composite business activity numbers happened to expand more than expected for March.”
“While today’s German Ifo index print (107.9 vs. 106.8) provides further evidence that the recovery in the eurozone’s largest economy continues in Q1. It seems that German firms have managed to shrug off fears over Greece, and a weaker EUR supported by QE, which is having a net positive effect as it helps to boost export expectations.”
“The index reports that businesses expectations for the next six-months improved, while the current conditions indicator has also picked up, reversing last month’s fall.”
“The reports details suggest that the pickup is broad based with manufacturing rising strongly.”
“Perhaps the only concern for Germany is underestimating a potential Greek exit. There is a clear risk that if the crisis intensifies it will weigh heavily on German and Euro business activity.”
Key Quotes
“The EUR’s rebound has come amid some improving economic data in the eurozone. Yesterday’s Euro regional (Germany and France) and composite business activity numbers happened to expand more than expected for March.”
“While today’s German Ifo index print (107.9 vs. 106.8) provides further evidence that the recovery in the eurozone’s largest economy continues in Q1. It seems that German firms have managed to shrug off fears over Greece, and a weaker EUR supported by QE, which is having a net positive effect as it helps to boost export expectations.”
“The index reports that businesses expectations for the next six-months improved, while the current conditions indicator has also picked up, reversing last month’s fall.”
“The reports details suggest that the pickup is broad based with manufacturing rising strongly.”
“Perhaps the only concern for Germany is underestimating a potential Greek exit. There is a clear risk that if the crisis intensifies it will weigh heavily on German and Euro business activity.”