Recherche Générale
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Firms’ Assessments
14.08.2024 DE
Between the first and second quarters of 2024, there was for the most part no change in how firms’ key business indicators developed over the past 12 months. Amongst other things, 32% of firms reported a decrease in short-term liquidity in the second quarter, while 20% reported an increase. The gap between these two figures thus widened by just over 1 percentage point compared with the previous quarter, though the change was small by historical standards.
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Invitation to bid Treasury discount paper (Unverzinsliche Schatzanweisungen – “Bubills”) of the Federal Republic of Germany
156 KB, PDF
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Firms’ Expectations
14.08.2024 DE
In the second quarter of 2024, there was only a slight quarter-on-quarter change in firms’ expectations over the next 12 months. Expected short-term liquidity, amongst other things, improved slightly on the first quarter. The second quarter saw 28% of firms expect liquidity to decrease over the next 12 months, while 17% expected liquidity to increase. The gap between these two groups thus narrowed by just under 5 percentage points compared with the first quarter of 2024.
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Inflation Expectations
14.08.2024 DE
Firms’ short-term inflation expectations, which had been in steady decline since January 2024, rose again in June 2024 and stood at 3.2%. Expectations were thus 0.3 percentage point above the lowest level of 2.9% for July 2021 and well below the highest level of 8.6% for October 2022, as measured by responses to this survey.
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Useful information
TIPS is a Eurosystem service for the settlement of instant payments which went live on 30 November 2018.
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Pan-european reachability
TIPS is a Eurosystem service for the settlement of instant payments which went live on 30 November 2018.
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Functional documents
There are various documents available explaining how TIPS works, including, amongst others, the Guide for TARGET Participants, the User Detailed Functional Specifications and the user handbooks. These and further documents can be found here.
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Participation/Registration
Here you can find a wide range of information that is particularly useful for new participants, as well as the TARGET registration form, which must be completed for the initial registration but also for any subsequent amendments.