European Economics

European Chart Book

7 September, 2017

Economy still faring well

The third release confirmed that euro-zone GDP rose by a healthy 0.6% q/q in Q2, with the region’s largest five economies expanding by between 0.4% and 1.5% on the quarter. On the face of it, the Composite PMI for July and August points to another 0.6% rise in Q3. Admittedly, July’s hard data for Germany and France have painted a less positive picture and the future output index of the PMI suggests that growth may have passed its peak. But with consumer and business confidence still at very high

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