Back
22 Dec 2015
German GFK confidence and Bank of Spain portray healthy picture of economy - BBH
FXStreet (Delhi) – Research Team at BBH, notes that the German GfK consumer confidence came in at 9.4 for January, slightly better than the expected 9.3.
Key Quotes
“Bank of Spain estimates that Spanish GDP will rise 0.8% in Q4, slightly better than it expected back in September. The Socialists said they would block Rajoy from seeking another term. With Podemos also saying they will vote against Rajoy, this supports the notion that the process of forming a government will be long and drawn out. Sweden retail sales were stronger than expected, rising 0.4% m/m (5.2% y/y) vs. the consensus 0.3% m/m (4.0% y/y).”
Key Quotes
“Bank of Spain estimates that Spanish GDP will rise 0.8% in Q4, slightly better than it expected back in September. The Socialists said they would block Rajoy from seeking another term. With Podemos also saying they will vote against Rajoy, this supports the notion that the process of forming a government will be long and drawn out. Sweden retail sales were stronger than expected, rising 0.4% m/m (5.2% y/y) vs. the consensus 0.3% m/m (4.0% y/y).”