Germany – Early Bird down

Our leading indicator for the German economy fell significantly again in December.

Dr. Ralph Solveen

Commerzbank Economic Research

January 5 2024

This means that the Early Bird is once again dashing hopes of a rapid recovery and is instead signaling that the general conditions for the German economy remain below average.

The Early Bird suffered a noticeable setback at the end of the year – which means that the German economy is still facing significant headwinds. In December, our leading indicator for the German economy fell quite significantly to -0.28, after stabilizing at a slightly higher level in the previous months. The main reason for this was the stronger ...

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