Advertisement

Money Minute Friday 7 February: is Germany mired in recession?

Today's Money Minute looks at German industrial production, where the manufacturing sector is hoping to see signs of recovery

Good morning and welcome to Money Minute, where we preview the day's biggest financial stories.

In the eurozone, we get German industrial production for December. Activity in the German manufacturing industry has been contracting for five quarters in a row.The sector has started to see tentative signs of recovery - or at least, activity isn’t slowing as rapidly as it was.However, it's likely that December’s reading will confirm that the industry remained mired in recession at the end of last year.

Advertisement - Article continues below

In the US meanwhile, we get the latest nonfarm payrolls data. Analysts expect the US economy to have added around 160,000 jobs last month.Meanwhile, wages are expected to be up 3% on last year.

The Federal Reserve has already made it clear that it has no intention of raising interest rates any time soon, at least, not until inflation has reared its head far more aggressively.So markets will probably be hoping for a figure that beats expectations.That would take some of the edge off fears that the coronavirus will hurt global growth this year.

Advertisement
Advertisement

Recommended

Money Minute Thursday 9 January: EU withdrawal, plus eurozone and US jobs figures
Economy

Money Minute Thursday 9 January: EU withdrawal, plus eurozone and US jobs figures

Today's Money Minute looks ahead to the vote on the government's EU withdrawal bill and the latest employment figures for the eurozone and the US.
9 Jan 2020
Money Minute Wednesday 8 January: UK house prices and Chinese inflation
Economy

Money Minute Wednesday 8 January: UK house prices and Chinese inflation

In today's Money Minute we look ahead to the latest report on house prices from Halifax; plus inflation in China and European business confidence.
8 Jan 2020
Money Minute Tuesday 7 January: will US services fare better than manufacturing?
Economy

Money Minute Tuesday 7 January: will US services fare better than manufacturing?

Today's Money Minute looks ahead to the latest figures from America's services sector, plus the health of the eurozone's retail sector.
7 Jan 2020
Money Minute Monday 6 January: the week ahead
Economy

Money Minute Monday 6 January: the week ahead

In today's Money Minute, we take a look ahead to this week’s biggest financial stories, including UK house prices and American wages.
6 Jan 2020

Most Popular

Can the recent rally in sterling continue?
Sponsored

Can the recent rally in sterling continue?

A "double top"  – a very recognisable pattern – is forming in in the US dollar. Dominic Frisby explains what it is, and what it could tell us about st…
3 Aug 2020
UK banks have had a shocking week – so it’s probably a good time to buy
UK stockmarkets

UK banks have had a shocking week – so it’s probably a good time to buy

Lloyds Bank reported a £676m loss this week. And, with all of the UK's high street banks having a terrible time of things, bank stocks are detested ri…
31 Jul 2020
Gold bugs' dreams are coming true – but we could still see a V-shaped recovery
Gold

Gold bugs' dreams are coming true – but we could still see a V-shaped recovery

John and Merryn talk about how it's perfectly reasonable to expect a V-shaped recovery and to continue holding gold as well. Plus, inflation, staycati…
30 Jul 2020