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Title: German/Austrian GDP growth surprisingly good in Q1 Post by: Tender Branson on May 15, 2012, 03:07:20 AM GDP is up 0.5% in Germany in Q1, while analysts only predicted 0.1% growth.
Q1 2012 GDP is up by 1.7% from Q1 2011. This is also a very good number, because it was estimated that Germany would only grow by 0.5-0.8% for the WHOLE year 2012, so a 1.7% growth in Q1 is already great. https://www.destatis.de/EN/PressServices/Press/pr/2012/05/PE12_166_811.html In Austria, which usually lags slightly behind Germany with slowdowns and upswings, GDP growth in Q1 was 0.2% - analysts actually predicted a decline or stagnation. Q1 2012 GDP is up by 1.9% compared with Q1 2011, which is actually 0.2% more than in Germany. In the EU spring forecast I posted recently, Austria was only projected to grow by 0.8% in 2012, but if Q1 already starts with 1.9% it will be much higher - like in Germany. http://www.wifo.ac.at/wwa/downloadController/displayDbDoc.htm?item=P_2012_05_15$.PDF Here's a better overview: GERMANY (Q/Q growth): Q1 2011: +1.3% Q2 2011: +0.3% Q3 2011: +0.6% Q4 2011: - 0.2% Q1 2012: +0.5% GERMANY (year on year growth): Q1 2011: +5.0% Q2 2011: +3.0% Q3 2011: +2.6% Q4 2011: +1.5% Q1 2012: +1.7% AUSTRIA (Q/Q growth): Q1 2011: +0.8% Q2 2011: +0.5% Q3 2011: 0.0% Q4 2011: 0.0% Q1 2012: +0.2% AUSTRIA (year on year growth): Q1 2011: +4.9% Q2 2011: +4.1% Q3 2011: +2.4% Q4 2011: +0.8% Q1 2012: +1.9% ... In 2011, GDP grew by 3.0% in Germany and 3.1% in Austria. Title: Re: German/Austrian GDP growth surprisingly good in Q1 Post by: Tender Branson on May 15, 2012, 03:22:46 AM France, Italy, Spain, Netherlands, Hungary, Romania all have bad reports:
France was 0.0%, Italy was -0.8%, Spain was -0.3%, Netherlands was -0.2%, Hungary was -0.7% and Romania was -0.1% Slovakia on the other hand had a 0.8% growth in Q1. Title: Re: German/Austrian GDP growth surprisingly good in Q1 Post by: Tender Branson on May 15, 2012, 03:25:59 AM The UK Statistics Office already released a -0.2% number for Q1 a while ago.
Official Eurostat numbers for most countries will be out in about half an hour. Title: Re: German/Austrian GDP growth surprisingly good in Q1 Post by: You kip if you want to... on May 15, 2012, 06:26:24 PM The depressing hilarity that the UK's in recession, but the Eurozone isn't.
Title: Re: German/Austrian GDP growth surprisingly good in Q1 Post by: opebo on May 15, 2012, 06:29:44 PM France, Italy, Spain, Netherlands, Hungary, Romania all have bad reports: France was 0.0%, Italy was -0.8%, Spain was -0.3%, Netherlands was -0.2%, Hungary was -0.7% and Romania was -0.1% The Euro is valued at an appropriate level for Germany and Austria, but about 50% too high for the countries you've listed. Title: Re: German/Austrian GDP growth surprisingly good in Q1 Post by: Tender Branson on June 08, 2012, 01:32:47 PM Specific numbers for Austria and Germany have been released today for Q1 GDP:
AUT Q/Q growth: +0.3% Y/Y growth: +2.0% Here's the development in the recent quarters: () Link (http://www.wifo.ac.at/wwa/downloadController/displayDbDoc.htm?item=P_2012_06_08$.PDF) GER Q/Q growth: +0.5% Y/Y growth: +1.7% Link (https://www.destatis.de/EN/PressServices/Press/pr/2012/05/PE12_178_811.html) ... The Austrian National Bank has also a new forecast about economic indicators for the next few years: () BIP-Wachstum = GDP Growth (change compared with previous year) Arbeitslose = Unemployment rate in % Inflation = Inflation (lol) (change compared with previous year) Privater Konsum = Private Consumption (change compared with previous year) Budgetdefizit (Maastricht) = Budget deficit in % of GDP Staatsverschuldung = Government debt in % of GDP |