Europe Data Response Euro-zone Retail Sales (Aug.) & Final PMIs (Sep. 16) August’s data suggest that euro-zone retail sales growth picked up in Q3, whileSeptember’s Composite PMI implies that growth in the wider economy slowedonly slightly. But headline inflation will soon... 5th October 2016 · 1 min read
Europe Data Response Euro-zone Flash CPI (Sep.) & Unemployment (Aug.) Headline inflation in the euro-zone has started to pick up as the effects of previous falls in energy prices fade. But with a large amount of slack in the labour market, underlying price pressures... 30th September 2016 · 1 min read
Europe Data Response Spanish economy could suffer from political chaos The consequences of a third election in Spain would be worse than those of earlier votes. And with Catalonia renewing its push for independence, politics represent a clear risk to the economic outlook... 29th September 2016 · 1 min read
Europe Data Response German Flash CPI (Sep.) September’s rise in German inflation to +0.5% suggests that euro-zone inflation rose to a 23-month high in the same month. But in Germany at least, the rise reflected energy effects while underlying... 29th September 2016 · 1 min read
Europe Data Response EC Business & Consumer Survey (Sep.) While the EC Business and Consumer Survey revealed a rise in sentiment in September, it still suggests that growth remains moderate and inflation expectations are weak. 29th September 2016 · 1 min read
Europe Data Response German Ifo Survey (Sep.) September’s rebound in the German Ifo Business Climate Indicator (BCI) offered hope that the economy remains in good health after the more negative signs from other surveys and hard data. 26th September 2016 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Sep.) September’s fall in the euro-zone Composite PMI to a 20-month low implies that the already sluggish pace of expansion in the currency union lost further momentum at the end of the quarter. 23rd September 2016 · 1 min read
Europe Data Response Euro-zone Trade (Jul.) & Final CPI (Aug.) July’s euro-zone goods trade data suggest that net exports were a drag on GDP growth at the start of Q3. Looking ahead, we expect the trade surplus to narrow further this year as global demand growth... 15th September 2016 · 1 min read
Europe Data Response Ireland GDP (Q2) Looking through the massive distortions in the Irish GDP data, today’s Q2 release suggests that the impressive recovery might have slowed. And survey evidence suggests that growth has slowed further... 14th September 2016 · 1 min read
Europe Data Response Euro-zone Industrial Production (Jul.) The weakness of euro-zone industry in July suggests that industrial production will struggle to expand at all over Q3 and doesn’t bode well for GDP growth this quarter. 14th September 2016 · 1 min read
Europe Data Response German ZEW Survey (Sep.) & Euro-zone Employment (Q2) The fact that ZEW investor sentiment was unchanged in September despite the easing of fears about the effects of Brexit adds to signs that underlying growth in the German economy is set to slow. 13th September 2016 · 1 min read
Europe Data Response Swedish Consumer Prices (Aug.) Despite weaker-than-expected Swedish inflation in August, price pressures are set to increase in the coming months. And as higher inflation feeds through to inflation expectations, the Riksbank will... 13th September 2016 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Aug. 16) Despite weaker-than-expected Swedish inflation in August, price pressures are set to increase in the coming months. And as higher inflation feeds through to inflation expectations, the Riksbank will... 13th September 2016 · 1 min read
Europe Data Response German Industrial Production (Jul.) July’s drop in German industrial production may have partly reflected temporary factors, but it provides a very weak base for GDP in Q3. The industrial sector should resume its expansion in the coming... 7th September 2016 · 1 min read
Europe Data Response Euro-zone GDP Breakdown (Q2) Today’s final estimate of Q2 GDP confirmed that the slowdown in growth from the first quarter was largely due to household spending. Over the rest of the year, we think that consumer spending will... 6th September 2016 · 1 min read
Europe Data Response Swiss GDP (Q2) & CPI (Aug.) Q2’s healthy rise in Swiss GDP suggests that the economy was coping well with the franc’s continued strength, but the increase was flattered by temporary factors. And while CPI inflation edged up in... 6th September 2016 · 1 min read
