Research Detail

2023/08/18 / Erste Group Research

Deutschlands Konjunktursorgen halten an
Kommende Woche (23. August) wird eine erste Schätzung der Stimmung der Einkaufsmanager der Unternehmen der Eurozone, Deutschlands und Frankreichs im August veröffentlicht. Im Juli war die Stimmung sowohl bei den Dienstleistern als auch in der Industrie weiter abgesunken. Bei den Dienstleistern indizierte die Stimmung allerdings noch leichtes Wachstum der wirtschaftlichen Aktivität.

Ausgehend von den USA ist es seit ca. Ende Juli zu einem deutlichen Anstieg der Renditen am Anleihenmarkt gekommen. Betroffen waren Laufzeiten ab etwa vier Jahren. An den Erwartungen für die weiteren Zinsschritte der US-Notenbank hat sich hingegen so gut wie nichts geändert.

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General information

Author	Erste Group Research
Date	2023/08/18
Language
Product name	Wochenausblick
Topic in focus	Macro/ Fixed income
Economy in focus	Eurozone, United States
Currency in focus	Euro, US Dollar
Sector in focus	-
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