ECBs Villeroy: ECB is achieving a soft landing

ECBs Villeroy is weighing in after weaker data today:ECB is achieving a soft landingNot behind the curve todayWill pay close atttention to risk of undershooting target, keeping economic activity unnecessarily subdued.See continuity of resilence of growthThe PMI flash data today were soft (is that a soft landing). Each missed expectations to the downside that is....EUR German Final GDP q/q: MISSED - Actual 0.1% vs. Forecast 0.2%, Previous 0.2%.GBP Retail Sales m/m: MISSED - Actual -0.7% vs. Forecast -0.3%, Previous 0.1%.EUR French Flash Manufacturing PMI: MISSED - Actual 43.2 vs. Forecast 44.6, Previous 44.5.EUR French Flash Services PMI: MISSED - Actual 45.7 vs. Forecast 49.1, Previous 49.2.EUR German Flash Manufacturing PMI: MET - Actual 43.2 vs. Forecast 43.1, Previous 43.0.EUR German Flash Services PMI: MISSED - Actual 49.4 vs. Forecast 51.6, Previous 51.6.EUR Flash Manufacturing PMI: MISSED - Actual 45.2 vs. Forecast 46.0, Previous 46.0.EUR Flash Services PMI: MISSED - Actual 49.2 vs. Forecast 51.6, Previous 51.6.GBP Flash Manufacturing PMI: MISSED - Actual 48.6 vs. Forecast 50.0, Previous 49.9.GBP Flash Services PMI: MISSED - Actual 50.0 vs. Forecast 51.9, Previous 52.0. This article was written by Greg Michalowski at www.forexlive.com.

Nov 22, 2024 - 20:15
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ECBs Villeroy: ECB is achieving a soft landing

ECBs Villeroy is weighing in after weaker data today:

  • ECB is achieving a soft landing
  • Not behind the curve today
  • Will pay close atttention to risk of undershooting target, keeping economic activity unnecessarily subdued.
  • See continuity of resilence of growth

The PMI flash data today were soft (is that a soft landing). Each missed expectations to the downside that is....

  • EUR German Final GDP q/q: MISSED - Actual 0.1% vs. Forecast 0.2%, Previous 0.2%.
  • GBP Retail Sales m/m: MISSED - Actual -0.7% vs. Forecast -0.3%, Previous 0.1%.
  • EUR French Flash Manufacturing PMI: MISSED - Actual 43.2 vs. Forecast 44.6, Previous 44.5.
  • EUR French Flash Services PMI: MISSED - Actual 45.7 vs. Forecast 49.1, Previous 49.2.
  • EUR German Flash Manufacturing PMI: MET - Actual 43.2 vs. Forecast 43.1, Previous 43.0.
  • EUR German Flash Services PMI: MISSED - Actual 49.4 vs. Forecast 51.6, Previous 51.6.
  • EUR Flash Manufacturing PMI: MISSED - Actual 45.2 vs. Forecast 46.0, Previous 46.0.
  • EUR Flash Services PMI: MISSED - Actual 49.2 vs. Forecast 51.6, Previous 51.6.
  • GBP Flash Manufacturing PMI: MISSED - Actual 48.6 vs. Forecast 50.0, Previous 49.9.
  • GBP Flash Services PMI: MISSED - Actual 50.0 vs. Forecast 51.9, Previous 52.0.
This article was written by Greg Michalowski at www.forexlive.com.
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