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2019/09/06 / Erste Group Research

Week Ahead | ECB decides, Eurozone industrial production, snap elections in UK

The ECB Governing Council's meeting on Thursday next week will receive even more attention than developments in the United Kingdom. The market reaction to these decisions could well be significant. In the run-up to the meeting, the ECB gave hardly any indications as to which steps or to what extent they could be expected. Uncertainty is correspondingly high.

Germany's industrial production continued its weakness in July and, contrary to market expectations, fell by 0.6% compared to the previous month. Due to this continued weakness in industry at the beginning of the third quarter, we believe that the danger of a technical recession in Germany has increased.

This week, the British Parliament managed to take control of the Brexit procedure. The markets reacted to these events with relief. However, the outcome remains completely open.

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General information

AuthorErste Group Research
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-


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