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October 2015

German Economic Sentiment Remains Surprisingly Resilient

Published: Monday 26 October 2015

German economic sentiment remained surprisingly resilient in Oct, despite the on-going VW scandal. With most car makers reporting that they expected to increase production going forward. Today has been relatively quiet in terms of data releases with no tier one data. Things start to heat up this evening with the release of NZ trade balance figures. This will be closely monitored due to the volatility in diary prices (NZ's major export) and kiwi dollar likely to have an impact on the figures. Tomorrow sees the UK release the 1st estimate of GDP for the 3rd quarter, this is bound to cause volatility. A reading above 2.4% should see GBP head higher and vice versa. Personally, I think we should see a strong number following last week's surge in retail sales