In March, American homebuilding went down to an almost two-year minimum, suppressed by ongoing weakness in the single-family housing segment, dropping a hint that the housing market kept struggling notwithstanding decreasing mortgage rates…
German economy demonstrates improved momentum in the second quarter
In the second quarter, the German economy managed to regain some of its lost momentum, underpinned by manufacturing, private consumption as well as reviving exports. That’s what the Bundesbank told in a monthly economic statement on Monday.
For the first three months of 2018 economic surge suddenly halved to a quarterly rate of about 0.3% and financial analysts are still discussing whether the deceleration turned out to be merely a hiccup or it stood for the end of a boom in the EU’s number one economy.
Worries that worsening trade tensions could also impact surge have also been affecting investor sentiment. Additionally, the International Monetary Fund told that the euro zone was experiencing serious risks, which could provoke a hand landing for the German economy after a five-year rally.
As some financial analysts pointed out, the German economy demonstrated better momentum in the spring in contrast with the beginning of the year. However, it’s unlikely that the high surge rates of the previous year are going to be repeated. Once again manufacturing turned out to be the major economic driving force.
Pharmaceutical output happened to be especially firm. In addition to this, car manufacturing rallied steeply, even as the output of intermediate goods was still poor, as the bank informed.
Part of the improvement in surge momentum could be explained by the expiration of one-off factors, which held back surge, such as an extremely disruptive flu season. That’s what the Bundesbank informed.
As for household consumption, it managed to remain a cornerstone of surge. At the same time, government consumption that went down in the early part of 2018, bounced off too.
Besides this, activity in the flourishing construction sector managed to drastically ascend notwithstanding capacity constraints, as the Bundesbank pointed out.
China is going to maintain policy support for the national economy, still facing downward pressure as well as difficulties after better-than-anticipated first quarter surge…
UK customers generally neglected fears about an impending Brexit deadline…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…