Germany – Early Bird still strong
The Early Bird, our leading indicator for the German economy, rose from 28 to 31 points in October.
Dr. Ralph Solveen
Commerzbank Economic Research
11/09/2026
Since the indicator is thus still clearly in positive territory, it points to a continuation of the current economic recovery of the German economy.
The Early Bird rose from 28 to 31 points in October, returning to the level at which it had been for long stretches of the spring and summer. The main reason for the increase was a noticeably weaker euro, which makes German products more competitive. Its positive effect more than offset a somewhat weaker global economy and the ongoing slow abating of the monetary policy impulse.
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