Europe Data Response

German Flash CPI (Jul.) & Euro-zone M3 (Jun.)

July’s rise in German CPI inflation appears to have been driven by energy prices. Underlying price pressures remain subdued and with the economic recovery already slowing, there is little risk of a...

28th July 2011 · 1 min read

Europe Data Response

German Ifo Survey (Jul.)

July’s drop in the German Ifo index was another sign that the recovery in the eurozone’s largest and strongest economy is faltering.

23rd July 2011 · 1 min read

Europe Data Response

Euro-zone Flash PMIs (Jul.)

The sharp fall in the flash euro-zone PMI in July provides further signs that slowing export growth and the debt crisis is starting to take a heavy toll on the region’s economic recovery both in the...

22nd July 2011 · 1 min read

Europe Data Response

German ZEW Survey (Jul.)

July’s drop in German ZEW investor sentiment highlights fears that the peripheral crisis could soon do some serious damage to the German economy.

20th July 2011 · 1 min read

Europe Data Response

Euro-zone Industrial Production (May)

May’s euro-zone industrial production data confirm that the recovery in the sector is far past its peak and suggest that growth in the economy as a whole slowed pretty sharply in the second quarter.

14th July 2011 · 1 min read

Europe Data Response

German Industrial Production (May)

May’s sharp increase in German industrial production suggested that the euro-zone’s largest economy was still performing very well, but we doubt that this will last.

8th July 2011 · 1 min read

Europe Data Response

Euro-zone Retail Sales (May) & Final Comp. PMI (Jun.)

May’s drop in euro-zone retail sales provided further evidence that the intensifying effects of the fiscal squeeze will leave consumers with little chance of taking up the reins as the external and...

6th July 2011 · 1 min read

Europe Data Response

Euro-zone Unemployment (May)

Growth in remittances from Overseas Filipino Workers (OFW) to the Philippines has slowed since the 2008-09 global crisis. However, we believe that remittances growth is likely to stabilise rather than...

2nd July 2011 · 1 min read

Europe Data Response

Euro-zone Flash CPI & German Unemployment (Jun.)

June’s euro-zone CPI inflation figures are likely to prompt the ECB to maintain a pretty hawkish tone at next week’s press conference.

1st July 2011 · 1 min read

Europe Data Response

Euro-zone EC Survey (Jun.)

June’s EC business and consumer survey dealt a further blow to hopes that sustained strong growth in the euro-zone’s core economies might help to ease the crisis in the periphery.

30th June 2011 · 1 min read

Europe Data Response

German Flash CPI (Jun.)

June’s CPI figures suggest that German inflation remains reasonably well contained. But this is unlikely to stop the ECB from increasing interest rates again next week.

29th June 2011 · 1 min read

Europe Data Response

German Ifo Survey (Jun.)

June’s rise in the Ifo index defies other recent evidence that Germany’s impressive recovery is slowing. Nonetheless, we still think that GDP growth will slow quite sharply over the remainder of the...

25th June 2011 · 1 min read

Europe Data Response

Euro-zone Flash PMIs (Jun.)

The sharp fall in the flash euro-zone PMI in June provides further signs that the underlying pace of GDP growth is slowing, making it increasingly likely that a bout of strong growth will not solve...

24th June 2011 · 1 min read

Europe Data Response

German ZEW (Jun.)

June’s sharper than expected fall in the headline German ZEW index brought further signs that the German economic recovery has passed its peak.

22nd June 2011 · 1 min read

Europe Data Response

Euro-zone Trade Balance (Apr.)

April’s euro-zone trade data do nothing to alter our view that the external recovery in the region has passed its peak. With domestic demand set to remain weak, we expect GDP growth to slow sharply in...

18th June 2011 · 1 min read