logo
  Join        Login             Stock Quote

German(E) Data -May 10, 2012

 May 10, 2012 01:37 PM


While the PIIGS have again dominated headlines over the last week, Germany's quietly notched a smattering of positive data. German retail sales rose 0.8% month over month in March, rebounding from a downwardly revised -0.9% m/m contraction in February. Factory orders rose 2.2% m/m in March from a 0.6% m/m increase in February. Analysts had expected only a 0.5% increase. Tuesday, German industrial production rose a seasonally adjusted 2.8% m/m, versus expectations for a 0.8% m/m increase. And Wednesday, German exports rose 0.9% m/m—the third consecutive monthly increase. Imports also increased—1.2% m/m. Both imports and exports notched all-time highs in Germany.

[Related -Sector Rotation Model Stays Bullish, But Neutral Rankings And Technical Resistance Flash Caution]

[Related -2000 More Points To Go?]

In a vacuum, such data hardly seem to paint a picture of a country on the brink. Though that's been a concern for some time now—that Germany, while certainly strong relative to the rest of the eurozone, would ultimately succumb and follow into recession. Germany's Q4 2011 GDP contracted -0.2% q/q, so if the country were to notch another negative number in Q1, it would (by a commonly cited definition) enter technical recession territory. And sure, that's possible, though it's just hard to imagine German GDP contracting too significantly in Q1 when so many data points are logging growth and even acceleration. Even if Germany does technically enter a recession, it's similarly hard to believe it will contract much more severely than it did in Q4—meaning a recession could be short-lived and rather shallow.

Which likely leads many to wonder what Germany's status implies for the eurozone and Europe as a whole. To be sure, relative resilience in Germany is no all-clear sign—either for Germany itself or for broader Europe. But it would seemingly argue to an extent against the likelihood of an imminent, disastrous European implosion.


Next Page >>12
iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageSector Rotation Model Stays Bullish, But Neutral Rankings And Technical Resistance Flash Caution

Last week, stocks cycled bullish yet again. In fact, the S&P 500, NYSE Composite, and NASDAQ each closed at read on...

article image2000 More Points To Go?

15 years is a long time to wait for a 1%/yr read on...

article imageMixed Economic Signals So Far For The US In Q2

The outlook for first-quarter US growth has been cut to the bone, according to the current estimate of the read on...

article imageRetirees Will Need Some Income

There is more to retirement planning than “saving more” or “working read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.