Europe Data Response

Euro-zone GDP (Q3 13), Final PMIs (Nov.13) & Retail Sales (Oct.13)

The breakdown of Q3 GDP and more timely news on retail sales and the final PMIs further underlined the weakness of the euro-zone’s recovery.

4th December 2013 · 1 min read

Europe Economics Weekly

Rating changes don't confirm convergence

Last week’s rating changes by S&P, which stripped the Netherlands of its triple A status and moved Spain from negative watch to stable, appeared to re-affirm the recent message from the economic data...

2nd December 2013 · 1 min read

Europe Data Response

Euro-zone Flash CPI (Nov.) & Unemployment (Oct.)

The latest news on euro-zone inflation and unemployment will do little to relieve the pressure on the ECB to take more action to support the fragile economic recovery and head off a potentially...

29th November 2013 · 1 min read

ECB Watch

Time to talk about the euro?

Last month's cut in interest rates has not lifted the pressure on the ECB to provide more support for the fragile economic recovery. Accordingly, President Draghi may make a more concerted effort to...

28th November 2013 · 1 min read

Europe Data Response

Euro-zone EC Survey, German Unemp. (Nov.) & Spa. GDP (Q3)

November’s rise in the EC’s euro-zone Economic Sentiment Indicator (ESI) is a comforting sign given the recent falls in other indicators, like the composite PMI, but we still expect the recovery to...

28th November 2013 · 1 min read

Europe Economics Update

Euro-zone Monetary Indicators Monitor (Oct.)

There remains little sign that a pick-up in euro-zone bank lending to help support the fragile economic recovery is taking place.

28th November 2013 · 1 min read

Europe Economics Update

Euro-zone Fiscal Monitor (Nov.)

While Greece and Ireland remain ahead of their fiscal consolidation targets, Italy appears set to record a larger than planned deficit this year.

27th November 2013 · 1 min read

Europe Economics Weekly

External sector won’t drive the recovery

September’s euro-zone trade data and November’s PMI surveys, both released last week, gave mixed signals on how the euro-zone’s external sector is developing. Whilst the survey data suggested that...

25th November 2013 · 1 min read

Europe Data Response

Euro-zone Flash Consumer Confidence (Nov.)

November’s fall in euro-zone consumer confidence adds to signs that the eurozone recovery may have lost some momentum in Q4.

21st November 2013 · 1 min read

Europe Data Response

Euro-zone Flash PMIs (Nov.)

November’s fall in the euro-zone composite PMI suggests that the region’s anaemic recovery may be losing more steam.

21st November 2013 · 1 min read

Europe Data Response

Euro-zone Trade (Sep.)

The latest euro-zone trade data indicate that although the trade surplus continues to widen, weak global demand and the strong euro are holding back exports.

18th November 2013 · 1 min read

Europe Economics Weekly

Signs of growth convergence provide little comfort

Q3's meagre rise in euro-zone GDP clearly was disappointing, but there were some signs that growth within the region is converging. The slowdown was largely down to weaker growth in Germany and France...

18th November 2013 · 1 min read

Europe Data Response

Euro-zone GDP (Q3)

The near-stagnation of the euro-zone economy in the third quarter underlines the fragility of the recovery and the growing dangers of a damaging bout of deflation in the region.

14th November 2013 · 1 min read

Europe Data Response

Euro-zone Industrial Production (Sep 13.)

September's fall in euro-zone industrial production indicates that the sector will have dragged on GDP growth in Q3 as a whole.

13th November 2013 · 1 min read

Europe Economics Update

ECB has more work to do to tackle the strong euro

Last week’s cut in ECB interest rates has helped to relieve some of the near-term upward pressure on the euro. But the central bank will have to work harder to stop the strong currency from snuffing...

12th November 2013 · 1 min read