Macroeconomic Research

At VPM Vermogensverwaltungs (Wealth Management) – AG our macroeconomic studies allow us to offer regular predictions and estimate forthcoming events, modifications, and future paths according to financial data and market tendencies. In addition, we expand our studies by maintaining a long-term viewpoint.

Here are the main indicators that we consider for macroeconomic research:

Gross Domestic Product (GDP)– It is the key indicator that shows the conditions of the national economy. The GDP is formed of the following: GDP = C + I + S + E – M, where C is consumption, I – investment, S – government spending, E – export, and M – import.

Interest Rate – particularly the interest rates of major economies (US, European countries and Japan) are important in assessing future economic conditions.

Retail sales – In the US, the index shows the change in the volume of sales within the retail trade. It includes two parts: the “car sales” and “sells of the rest.” In the UK, the indicator shows the level of consumption. Whilst in Japan, the indicator shows the variations in the level of sales, consumer spending, and demand.

PMI – The indicator reflects the level of business activity in the industrial sector. In the Eurozone, the PMI index is calculated since 1999. In the US, there is Chicago PMI, in Japan, it is known as the Tankan index. PMI is published each month, while the Tankan appears quarterly.

We also consider additional indexes that are general, national, regional or international: Nonfarm Payrolls – NFP, ISM Indicator (US), Producer Price Index – PPI, The number of applications for unemployment benefits (USA), Consumer Confidence Index (US), new home sales, existing home sales (USA), IFO survey (Europe), and more.

Here are the main indicators that we consider for macroeconomic research:

Gross Domestic Product (GDP)– It is the key indicator that shows the conditions of the national economy. The GDP is formed of the following: GDP = C + I + S + E – M, where C is consumption, I – investment, S – government spending, E – export, and M – import.

Interest Rate – particularly the interest rates of major economies (US, European countries and Japan) are important in assessing future economic conditions.

Retail sales – In the US, the index shows the change in the volume of sales within the retail trade. It includes two parts: the “car sales” and “sells of the rest.” In the UK, the indicator shows the level of consumption. Whilst in Japan, the indicator shows the variations in the level of sales, consumer spending, and demand.

PMI – The indicator reflects the level of business activity in the industrial sector. In the Eurozone, the PMI index is calculated since 1999. In the US, there is Chicago PMI, in Japan, it is known as the Tankan index. PMI is published each month, while the Tankan appears quarterly.

We also consider additional indexes that are general, national, regional or international: Nonfarm Payrolls – NFP, ISM Indicator (US), Producer Price Index – PPI, The number of applications for unemployment benefits (USA), Consumer Confidence Index (US), new home sales, existing home sales (USA), IFO survey (Europe), and more.

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