28 Jan 2016
After strong UK GDP, time now for German CPI - TDS
FXStreet (Delhi) – Research Team at TDS, suggests that based on the German regional CPI releases this morning, it looks like German headline HICP will come in at market consensus of 0.4% y/y.
Key Quotes
“Results were fairly consistent across the German states, with a small acceleration in annual inflation across most regions. When we dig into the regional details, it looks like energy prices are having slightly less of a drag than we initially expected.
UK: As widely expected, GDP posted a gain of 0.5% q/q in 2015Q4, bringing annual growth for the year as a whole to 2.2%. This relatively healthy reading masks a significant adjustment currently underway at the sectoral level, principally caused by a relatively strong GBP in recent years. Reflecting this adjustment, production in 15Q4 fell 0.2% q/q (and construction fell 0.1% q/q), while services rose 0.7% q/q. Released alongside the GDP report, November’s Index of Services posted an as-expected 0.2% m/m gain.”
Key Quotes
“Results were fairly consistent across the German states, with a small acceleration in annual inflation across most regions. When we dig into the regional details, it looks like energy prices are having slightly less of a drag than we initially expected.
UK: As widely expected, GDP posted a gain of 0.5% q/q in 2015Q4, bringing annual growth for the year as a whole to 2.2%. This relatively healthy reading masks a significant adjustment currently underway at the sectoral level, principally caused by a relatively strong GBP in recent years. Reflecting this adjustment, production in 15Q4 fell 0.2% q/q (and construction fell 0.1% q/q), while services rose 0.7% q/q. Released alongside the GDP report, November’s Index of Services posted an as-expected 0.2% m/m gain.”