Europe Rapid Response Germany Ifo Survey (April 2025) The rise in the Ifo Business Climate Index (BCI) in April suggests that US tariffs have not yet meaningfully hit economic activity in Germany, though some sentiment indicators have fallen sharply. But... 24th April 2025 · 2 mins read
Europe Rapid Response Euro-zone Flash PMIs (April 2025) April’s euro-zone flash PMIs suggest that the immediate damage to production from US trade policy has been limited so far. But firms reported some front-loading of orders, so output might take a... 23rd April 2025 · 2 mins read
Europe Rapid Response Euro-zone Industrial Production (February 2025) The increase in euro-zone industrial production for a second consecutive month in February is not a sign of a sustained recovery for the sector. Instead, it is partly due to manufacturers ramping up... 15th April 2025 · 2 mins read
Europe Rapid Response Euro-zone Retail Sales (February 2025) Euro-zone retail sales rose in February for the first time since September last year, and we expect consumer spending to grow at a modest pace over the coming months. But higher US tariffs and the... 7th April 2025 · 2 mins read
Europe Rapid Response German Industrial Production (February) The fall in German industrial production in February left it very weak. With US demand generating around 7% of German manufacturing value added, the sector will be hit hard by US tariffs. And higher... 7th April 2025 · 2 mins read
Europe Rapid Response Sweden CPI (March) Despite easing in March, CPIF inflation excluding energy remained elevated and is likely to remain high throughout this year. We are forecasting the Riksbank to keep its policy rate at 2.25% over that... 4th April 2025 · 1 min read
Europe Rapid Response Swiss CPI (March) Switzerland’s inflation rate was unchanged in March, but that news has been overshadowed by the much higher-than-expected tariffs announced by the US on Swiss goods yesterday which weaken the outlook... 3rd April 2025 · 2 mins read
Europe Rapid Response Euro-zone HICP (March 2025) March’s big decline in euro-zone services inflation strengthens the case for the ECB to cut interest rates at the meeting on 17 th April. 1st April 2025 · 2 mins read
Europe Rapid Response Germany Flash HICP (March) National inflation figures released so far suggest that euro-zone headline inflation edged down in March. Services inflation probably also fell, which will please ECB officials. 31st March 2025 · 1 min read
Europe Rapid Response EC Survey (March 2025) The EC survey for March shows a deterioration in business and consumer sentiment in the euro-zone, consistent with GDP doing little more than stagnate in Q1. This is a reminder that while sentiment in... 28th March 2025 · 2 mins read
Europe Rapid Response Germany Ifo Survey (March 2025) The Ifo Business Climate Index (BCI) and other surveys for March confirm that the prospect of fiscal stimulus is boosting sentiment in Germany and outweighing concerns about US tariffs for now. But... 25th March 2025 · 2 mins read
Europe Rapid Response Euro-zone Flash PMIs (March 2025) February’s Flash Composite PMI provides more evidence that, after expanding by only 0.1% in Q4, the euro-zone economy remains all but stagnant in Q1. 24th March 2025 · 3 mins read
