Forecasts

Our leading indicator Early Bird and macroeconomic forecasts

Bird view on a meeting desk with hands of several persons tipping on a laptop, using pocket calculators taking notes or pointing to documents
© Commerzbank
6 December 2024

Germany – Early Bird keeps on rising

Our leading indicator for the German economy rose significantly again in November, from 18 points in October to 26 points. Monetary policy remains the main driver. By contrast, the global economic environment has improved only slightly and movements on the FX markets were also limited. With the further increase in November, the Early Bird is fueling hopes of an economic upturn in the coming year.