Europe Data Response Euro-zone Flash CPI (May) The further fall in euro-zone inflation in May took the headline rate to within a whisker of zero and downward pressure on prices is set to persist while demand remains exceptionally weak and... 29th May 2020 · 2 mins read
Europe Data Response Euro-zone Flash PMIs (May) The partial rebound in the euro-zone Composite PMI in May suggests that the economy is now on a slow road to recovery. But even as lockdown measures are gradually lifted, the level of activity is... 21st May 2020 · 2 mins read
Europe Economics Weekly Easing of lockdowns won’t prevent dire Q2 Official data published this week provided further confirmation of how badly the lockdowns hit economic activity in the euro-zone at the tail end of Q1. But governments are now lifting their... 15th May 2020 · 6 mins read
Europe Economics Update Five key questions about short-time work schemes Wage subsidy schemes in place throughout the euro-zone have so far been effective at preventing a surge in unemployment. In this Update, we answer five questions about how these schemes will evolve as... 14th May 2020 · 4 mins read
Europe Chart Pack Past the worst, but recovery slow and bumpy Governments have taken their first steps towards lifting the restrictions which caused the economy to collapse in the past few weeks. As a result, high frequency indicators show some people returning... 6th May 2020 · 12 mins read
Europe Data Response French, Spanish & Austrian GDP (Q1) Lockdown measures to contain the coronavirus caused unprecedented quarterly contractions in GDP in France and Spain in Q1. And with the restrictions set to remained unchanged until mid-May and then be... 30th April 2020 · 2 mins read
Europe Economics Update How quickly will euro-zone activity return to normal? Although restrictions are set to be lifted in the coming weeks, economic activity in the euro-zone will remain significantly below pre-virus levels for a long period. Consumers are likely to be wary... 29th April 2020 · 5 mins read
Europe Economics Weekly Lockdown April the nadir, but slow recovery ahead Following the further slump in the April surveys, the lifting of some restrictions in a number of member states over the past week or so has provided a glimmer of hope that April might mark the bottom... 24th April 2020 · 9 mins read
Europe Economic Outlook Slump puts new strains on currency union The lockdown has triggered the biggest economic slump since WW2 with activity likely to drop by around 20% in Q2. As the peak of the epidemic passes, restrictions will be lifted gradually, and... 21st April 2020 · 29 mins read
Europe Data Response ZEW Survey (Apr.) The sharp rebounds in the ZEW Economic Sentiment Indicators for both Germany and the euro-zone in April suggest that investors are now expecting some recovery from the complete collapse in activity... 21st April 2020 · 2 mins read
Europe Economics Update Spanish recovery to be slow and protracted Economic activity in Spain has collapsed as a result of the measures to contain the coronavirus. And even if the government begins to lift some of the restrictions next week, as it has suggested, the... 9th April 2020 · 2 mins read
Europe Chart Pack Deepest downturn since WW2 The euro-zone is experiencing an unprecedented collapse in economic activity. We suspect that GDP will be roughly 25% below its pre-crisis level during the lockdowns, with the scale of devastation... 6th April 2020 · 12 mins read
Europe Economics Weekly Euro-zone leaders argue as economy collapses Data this week provided yet more evidence that the lockdowns in place across the euro-zone have caused economic activity to collapse, forcing firms to lay off millions of workers across the region at... 3rd April 2020 · 5 mins read
Europe Economics Update Will short-time work schemes save euro-zone jobs? Euro-zone unemployment will rise sharply in the coming months but short-time working schemes will help to prevent it from skyrocketing. While this will incur significant fiscal costs, the support to... 2nd April 2020 · 5 mins read
Europe Economics Update French statisticians think GDP down 35% Measuring the economic fallout from the coronavirus is fraught with uncertainty, but the French statistics office estimates that economic activity is currently running a whopping 35% below normal. If... 26th March 2020 · 3 mins read
Europe Data Response France Bus. Conf. (Mar.) & German Cons. Conf. (Apr.) The largest-ever fall in French business confidence in March leaves the survey pointing to a severe slump in activity at the end of Q1. But the reality is almost certainly much worse than this. 26th March 2020 · 2 mins read
