Europe Chart Pack Growth steady but slow Early indications from business surveys suggest that the euro-zone economy has continued to grow at a steady but slow pace at the beginning of the fourth quarter. For example, the composite PMI... 3rd November 2015 · 1 min read
Europe Chart Pack Is the consumer recovery running out of steam? The consumer outlook has dimmed slightly over the summer, suggesting that the economic recovery needs to become more broad-based if it is to gain momentum. The Q2 GDP breakdown showed that the... 1st October 2015 · 1 min read
Europe Chart Pack Deflation dangers still lingering While the crisis in Greece appears to have receded at least temporarily, the euro-zone still faces serious challenges in the form of weak growth and persistent deflation risks. As the Chart below... 2nd September 2015 · 1 min read
Europe Chart Pack Labour market recovery stalls While the euro-zone economy has continued to weather the ongoing Greek crisis reasonably well, one potentially worrying recent development is the apparent slowdown in the labour market recovery. Not... 5th August 2015 · 1 min read
Europe Chart Pack Contagion from Greece limited for now Greece’s crisis escalated further in June, culminating in a default to the IMF, the imposition of capital controls and the expiry of the second bailout programme. In response, Greek 10 year government... 1st July 2015 · 1 min read
Europe Chart Pack Outlook for periphery’s exporters is improving The depreciation of the euro over the past year or so appears to be finally starting to help euro-zone exporters. The latest data show that annual growth in euro-zone export values picked up to 7.3%... 3rd June 2015 · 1 min read
Europe Chart Pack Euro-zone outperformance will be short-lived The euro-zone economy looks likely to have outgrown both those of the US and UK in the first quarter of the year, for the first time since Q1 2011. But the outperformance looks set to be short-lived... 6th May 2015 · 1 min read
Europe Chart Pack Consumers drive the recovery The euro-zone economic recovery has gained some pace thanks to a pick-up in consumer spending growth. The annual growth rate of retail sales volumes rose to near a ten-year high in January, due partly... 1st April 2015 · 1 min read
Europe Chart Pack Deflationary pressures remain intense Although headline consumer price inflation rose from -0.6% to -0.3% in February, this was driven entirely by a rise in energy prices as oil prices reversed some of their recent falls. Core inflation... 4th March 2015 · 1 min read
Europe Chart Pack Modest recovery continues despite Greek crisis Euro-zone economic activity has continued to recover despite the troubles in Greece. For now, worries about the crisis seem to have been offset by the benefits of a weaker euro and falling producer... 5th February 2015 · 1 min read
Europe Chart Pack Deflation will last longer this time The euro-zone is back in deflation just over five years since the end of the last period of falling prices seen in 2009. But unlike that last bout, which lasted just five months, deflation looks set... 8th January 2015 · 1 min read
Europe Chart Pack Lower oil prices to tip euro-zone into deflation The recent further falls in global oil prices look set to push euro-zone consumer price inflation - already very low at just 0.3% in November - below zero in the early months of 2015. Provided that... 3rd December 2014 · 1 min read
Europe Chart Pack Bank lending still a major drag on growth The latest data have shown tentative signs of improvement in the euro-zone banking sector, with the pace of contraction in lending slowing slightly in September (see Chart) and the Bank Lending Survey... 5th November 2014 · 1 min read
Europe Chart Pack Economic weakness spreads to Germany The latest survey indicators seem to have confirmed that the euro-zone’s feeble recovery has already passed its peak. September’s fall in the composite PMI, for example, left it consistent with a... 1st October 2014 · 1 min read
Europe Chart Pack Deflation threat raises pressure on the ECB August’s fall in euro-zone HICP inflation from 0.4% to 0.3% left it at its lowest rate sinceOctober 2009, when it was negative, and well beneath the ECB’s target of “below, but closeto, 2%”. What’s... 3rd September 2014 · 1 min read
Europe Chart Pack Recovery gained little traction in Q2 According to recent hard data, next week’s Q2 GDP release may show that the euro-zone’srecovery gained no momentum after Q1’s disappointing 0.2% quarterly rise in GDP. In fact,the performance of... 6th August 2014 · 1 min read
