Europe Data Response Euro-zone Retail Sales (May) & Final PMIs (June) May’s euro-zone retail sales data point to a slowdown in consumer spending growth, and thus GDP growth, in Q2. And despite a small upward revision from the flash release, June’s Composite PMI also... 5th July 2016 · 1 min read
Europe Data Response Euro-zone Unemployment (May) & Manufacturing PMIs (June) May’s fall in euro-zone unemployment shows that the labour market is slowly recovering. Butemployment growth may already have peaked and there is still too much slack to generate any meaningful wage... 1st July 2016 · 1 min read
Europe Data Response Euro-zone Flash CPI (Jun.) & German Retail Sales (May) June’s rise in euro-zone CPI inflation into positive territory might mark the start of an upward trend, but we see little hope of inflation hitting the ECB’s target over the medium term. 30th June 2016 · 1 min read
Europe Data Response German Flash CPI (Jun.) June’s increase in German inflation back into positive territory may well mark the start of an upward trend. But even in Germany, we do not think that inflation is on track to reach the ECB’s near 2%... 29th June 2016 · 1 min read
Europe Data Response EC Business & Consumer Survey (June) June’s fall in euro-zone business and consumer confidence suggests that the euro-zone economy was slowing even before the UK voted to leave the EU. 29th June 2016 · 1 min read
Europe Data Response German Ifo Survey (June) June’s rise in the German Ifo measure of business confidence suggests that the economy continued to grow at pretty healthy rate in Q2. But given the financial market reaction to the UK’s vote to leave... 24th June 2016 · 1 min read
Europe Data Response Euro-zone Flash PMIs (June) June’s fall in the euro-zone Composite PMI to a 17-month low suggests that strong GDP growth in Q1 was not the start of a more pronounced economic recovery. Indeed, the PMI points to growth slowing... 23rd June 2016 · 1 min read
Europe Data Response German ZEW (Jun.) June’s ZEW survey suggests that investor sentiment towards the German economy has not been hit by the risk of Brexit so far and points to steady annual GDP growth. 21st June 2016 · 1 min read
Europe Data Response Euro-zone Trade (Apr.) While the euro-zone trade surplus jumped to a record high in April, any boost from trade to GDP growth in Q2 is likely to be offset by weakness in other parts of the economy. 15th June 2016 · 1 min read
Europe Data Response Euro-zone Industrial Production (Apr.) Despite April’s strong rise, industrial production is still lower than it was in January. With industrial surveys pointing to subdued growth ahead, it seems unlikely that the euro-zone industrial... 14th June 2016 · 1 min read
Europe Data Response Swedish Consumer Prices (May) Sweden’s inflation rate fell by more than expected in May. With underlying price pressures still largely absent, the Riksbank may well need to take further policy action. 14th June 2016 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (May 16) Sweden’s inflation rate fell by more than expected in May. With underlying price pressures still largely absent, the Riksbank may well need to take further policy action. 14th June 2016 · 1 min read
Europe Data Response French & Italian Industrial Production (Apr.) April’s increases in French and Italian industrial production support the message from Germany that the sector had a decent month. But growth still looks set to slow in Q2 and over the rest of the... 10th June 2016 · 1 min read
Europe Data Response Iceland GDP (Q1) Iceland’s second consecutive quarterly fall in GDP was down to the volatility of trade. The big picture is that domestic demand growth picked up and the outlook is positive. 7th June 2016 · 1 min read
Europe Data Response Euro-zone GDP Breakdown (Q1) Today’s final estimate of Q1 GDP confirmed that the economy got off to a strong start to the year, driven by household spending. But the economy is unlikely to expand as quickly throughout the rest of... 7th June 2016 · 1 min read
Europe Data Response German Industrial Production (Apr.) April’s rise in German industrial production only partially reversed the previous month’s fall and suggests that the strong growth of industrial and overall economic activity in Q1 will not be... 7th June 2016 · 1 min read
