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Economic Indicators and Monthly Overview October 2014
Citation preview
| [Presentation title] | [Client Name] | [Date] 1
Economic Indicators
Last update 17.10.2014
| Economic Indicators | 2
Economic Outlook Monthly Overview – October 2014
Europe:
• Consensus October GDP forecast for WE came down again by 0,1%point to 1,3% for 2014 and
to 1,5% for 2015.
• The EU industrial confidence and the consumer confidence both continued to fall in September.
• The IFO Business Climate index for Germany again fell in September. The German economy is
no longer running smoothly.
• Concerns over industry and deflation – and, therefore, the possibility of recession – mark this
month’s outlook. The ECB plans to buy private sector assets in order to stipulate lending, but
more action is needed, if prices continue to fall.
US:
• Consensus October GDP forecast for the US improved slightly to 2,2% for 2014 and remained on
3,1% for 2015.
• While Q2 GDP was upgraded again to now +4,6% q-o-q from previous releases and personal
consumption remained on an acceptable 2,5% pace, outlook over 2014 remains uncertain,
especially as the US brace for the normalization of monetary policy.
Japan:
• The October GDP growth forecast for Japan came down from 1,2% to 1,1% for 2014 and from
1,3% to 1,2% for 2015.
• Japan is still working through the impact of April’s consumption tax hike, which impacted
sharply on Q2 GDP. Activity collapsed by a sharper than expected annualized 7,1%. Since
then, there have been hopes that the economy would get back on track. However, Q3 has been
mixed at best and GDP forecasts slipped again.
3 | Economic Indicators |
Eurostat Data
| Economic Indicators | 4
Economic Indicators – GDP EU 28
Source: Eurostat Sept 14
-5
-4
-3
-2
-1
0
1
2
3
4
08
Q1
09
Q1
10
Q1
11
Q1
12
Q1
13
Q1
14
Q1
%
GDP for the EU 28 countries at constant prices quarter vs. same quarter of last year
| Economic Indicators | 5
Economic Indicators – GDP EU 28
Source: Eurostat Sept 14
-2,5
-2
-1,5
-1
-0,5
0
0,5
1
08
Q1
09
Q1
10
Q1
11
Q1
12
Q1
13
Q1
14
Q1
%
GDP for the EU 28 countries at constant prices quarter on quarter
| Economic Indicators | 6
Economic Indicators –EU 28 Consumer Price Index
Source: Eurostat Oct 14
0
0,5
1
1,5
2
2,5
3
3,5
4
4,5
08
/1
09
/1
10
/1
11
/1
12
/1
13
/1
14
/1
15
/1
0,4
%
The harmonized index of consumer prices is the result of the collaboration
between Eurostat and National Statistical Institutes of the Member States.
| Economic Indicators | 7
Economic Indicators – ECB interest rate
Source: ECB, FED, Eurostat Oct 14
Sep; 0,3
Oct ; 0,05Oct ; 0,25
-0,5
0,0
0,5
1,0
1,5
2,0
2,5
3,0
3,5
4,0
4,5
Jan
08
Ju
ly 0
8
Jan
09
Ju
l.09
Jan
10
Ju
l.10
Jan
11
Ju
ly 1
1
Jan
12
Ju
l.12
Jan
13
Ju
l.13
Jan
14
Ju
l.14
Jan
15
%
ECB short-term rate
Eurozone inflation
FED rate
| Economic Indicators | 8
Economic Indicators –EU 28 Unemployment Rate
Source: Eurostat Oct 14
10,1
6
7
8
9
10
11
12
Jan
08
Jan
09
Jan
10
Jan
11
Jan
12
Jan
13
Jan
14
Ja
n 1
5
%
Unemployment rate for EU 28 countries
| Economic Indicators | 9
Economic Indicators – Industrial Confidence Ind EU
Source: Eurostat Oct 14
-40
-35
-30
-25
-20
-15
-10
-5
0
5
10Jan
08
Jan
09
Jan
10
Jan
11
Jan
12
Jan
13
Jan
14
Jan
15
Industrial confidence within EU 28 decreased again in September, continuing the
downwards trend of the previous months.
The Industrial Confidence Indicator is the arithmetic average of the answers to the
questions on production expectations, order books and stocks.
| Economic Indicators | 10
Economic Indicators – Consumer Confidence Ind EU
Source: Eurostat Oct 14
Consumer Confidence within EU 28 continued to clearly erode in September
-35
-30
-25
-20
-15
-10
-5
0
Ja
n 0
8
Ja
n 0
9
Ja
n 1
0
Ja
n 1
1
Ja
n 1
2
Ja
n 1
3
Ja
n 1
4
Ja
n 1
5
The Consumer Confidence Indicator is the arithmetic average of the answers to the questions
on the financial situation of households and general economic situation (past and future)
together with that on the advisability of making major purchases.
| Economic Indicators | 11
Economic Indicators – Capacity Utilization
in Manufacturing Industry in % - EU 27
Source: Eurostat Sept 14
60
65
70
75
80
85
04
Q1
05
Q1
06
Q1
07
Q1
08
Q1
09
Q1
10
Q1
11
Q1
12
Q1
13
Q1
14
Q1
80,5
%
The capacity utilization in manufacturing industry gives the level of capacity utilization
in percent, as assessed by managers in manufacturing industry.
| Economic Indicators | 12
Ifo Data
| Economic Indicators | 13
Economic Indicators – IFO World Economic Climate
Source: IFO Sept 14
The Ifo World Economic climate brightened slightly in Q3 2014. World economic
activity remains on the rise.
This indicator is being updated on a quarterly basis.
| Economic Indicators | 14
Economic Indicators – IFO European Economic Climate
Source: IFO Sept 14
The economic climate in Europe slightly fell in Q3 2014, also impacted by
the Ukraine crisis.
This indicator is being updated on a quarterly basis.
| Economic Indicators | 15
Economic Indicators – IFO NA Economic Climate
Source: IFO Sept 14 This indicator is being updated on a quarterly basis.
| Economic Indicators | 16
Economic Indicators – IFO Asia Economic Climate
Source: IFO Sept 14 This indicator is being updated on a quarterly basis.
The economic climate in Asia recovered from its slump in the previous quarter.
| Economic Indicators | 17
Economic Indicators – GDP Forecast Euro Area
Source: IFO Oct 14
| Economic Indicators | 18
Economic Indicators – GDP Forecast Germany
Source: IFO Oct 14
| Economic Indicators | 19
Economic Indicators – Exchange rate $ vs €
Source: IFO Sept 14
| Economic Indicators | 20
Economic Indicators –
Ifo business situation and 6 month expectations
Source: IFO Oct 14
75
80
85
90
95
100
105
110
115
Jan
08
Jan
09
Jan
10
Jan
11
Jan
12
Jan
13
Jan
14
Jan
15
80
85
90
95
100
105
110
115
120
125
Jan
08
Jan
09
Jan
10
Jan
11
Jan
12
Jan
13
Jan
14
Jan
15
Business situation 6 months expectations
The IFO-Institut für Wirtschaftsforschung business situation index shows the current evaluation of the
economic situation, while the 6 month expectations index shows the expectations of the companies for the next
6 months. Over 7000 companies are being interviewed.
The Ifo Business Climate Index for Germany continued to fall in September and dropped to its
lowest level since April 2013. Firms were less satisfied with their current business situation
and also more sceptical regarding future business developments. The German economy is no
longer running smoothly.
| Economic Indicators | 21
Economic Indicators – IFO Assessment of Current
Business Situation
Source: IFO Oct 14
The Ifo Business Climate Index for Germany continued to fall in September and dropped to its
lowest level since April 2013. Firms were less satisfied with their current business situation
and also more sceptical regarding future business developments. The German economy is no
longer running smoothly.
| Economic Indicators | 22
Economic Indicators – IFO business climate index
printing industry
Source: IFO Oct 14, bundesverband druck und medien
-60
-50
-40
-30
-20
-10
0
10
20
Jan
08
Jan
09
Jan
10
Jan
11
Jan
12
Jan
13
Jan
14
Jan
15
The IFO-Institut für Wirtschaftsforschung business climate index for the printing industry is
based on a monthly representative questionnaire to 300 German printers.
The business climate within the printing industry improved from 0 to +7 in September.
| Economic Indicators | 23
Economic Indicators – IFO business climate index
printing industry
The IFO-Institut für Wirtschaftsforschung business climate index for the printing industry is
based on a monthly representative questionnaire to 300 German printers.
Business Development at German Printers – September 2014:
The assessment of the current business situation in the printing
industry improved considerably and reached its highest level since begin
of the year (+21).
The business climate – an indicator for the development in
the next quarter – improved significantly by 7%points.
The business expectations for the coming 6 months deteriorated
Source: IFO Oct 14, bundesverband druck und medien
| Economic Indicators | 24
Zenith Data
| Economic Indicators | 25
Global Advertising Growth
Source: ZenithOptimedia 9/14
| Economic Indicators | 26
Regional Advertising Development
Source: ZenithOptimedia 9/14
| Economic Indicators | 27
Global Advertising Markets
Source: ZenithOptimedia 9/14
| Economic Indicators | 28
Advertising by medium
Source: ZenithOptimedia 9/14