M3 – February Private HICP (flash)
%yoy 3ma (%yoy) Lending (%yoy) %yoy

Median Forecast 2.3 2.2 1.1 2.5
High forecast 2.7 2.3 1.3 2.7
Low forecast 1.7 2.1 1.1 2.2
Previous period 2.5 2.0 1.5 2.7

Number of responses 17 10 3 14

4Cast 2.7 2.2 N/A 2.5
ABN AMRO 2.2 N/A N/A 2.6
Barclays Cap. 1.7 N/A 1.1 2.6
Berenberg Bank 2.7 N/A 1.3 2.6
BNP Paribas 2.2 2.1 N/A N/A
BoA-ML N/A N/A N/A 2.5
Capital Economics N/A N/A N/A 2.5
Citi 2.2 2.1 N/A 2.3
Commerzbank 2.1 N/A N/A 2.5
DZ Bank 2.0 N/A N/A 2.2
Danske 2.3 N/A N/A N/A
ING 2.3 2.1 N/A N/A
Lloyds Bank N/A 2.3 N/A 2.4
LBBW 2.5 N/A N/A 2.7
Natixis 2.3 2.1 1.1 2.4
Soc. Generale 2.4 2.3 N/A N/A
Standard Chartered 2.7 2.3 N/A 2.6
UBS 2.5 2.2 N/A N/A
Unicredit 2.3 N/A N/A 2.7
West LB 2.0 2.1 N/A N/A

Economics Industry Services Business
Sentiment Sentiment Sentiment Climate
– March – – March – – March – – March –

Median Forecast 94.2 -6.0 -1.0 -0.2
High forecast 95.0 -5.0 0.5 -0.1
Low forecast 93.8 -7.0 -1.1 -0.3
Previous period 94.4 -5.8 -0.9 -0.18

Number of responses 14 10 5 7

4Cast N/A -5.0 N/A -0.2
ABN AMRO 94.1 N/A N/A N/A
Barclays Cap. N/A N/A N/A N/A
Berenberg Bank 95.0 -6.5 0.5 -0.1
BNP Paribas 94.6 -5.6 N/A N/A
BoA-ML N/A N/A N/A N/A
Capital Economics N/A N/A N/A N/A
Citi 94.0 -6.0 N/A N/A
Commerzbank 94.0 -6.0 -1.0 N/A
DZ Bank 94.2 N/A N/A N/A
Danske N/A N/A N/A N/A
ING 94.2 -6.0 -1.1 -0.2
Lloyds Bank N/A -5.7 N/A N/A
LBBW 94.4 N/A N/A N/A
Natixis 93.8 -7.0 -1.0 -0.2
Soc. Generale 94.0 N/A N/A -0.2
Standard Chartered 94.8 -6.0 -0.8 -0.2
UBS N/A N/A N/A N/A
Unicredit 94.4 N/A N/A N/A
West LB 94.6 -5.0 N/A N/A
Westpac 94.1 N/A N/A -0.3
———————————————————————–
* Median is based on above forecasts and is not intended to represent
a consensus.

The survey was conducted on Friday, March 23.

[TOPICS: MTABLE,M$GDS$,M$G$$$,M$XDS$,M$X$$$]