Europe Rapid Response Germany Ifo Survey (June 2024) June’s decline in the Ifo business climate indicator (BCI) to a very low level highlights that even after Germany’s economy grew in Q1, it is far from back to full health. 24th June 2024 · 2 mins read
Europe Rapid Response Euro-zone Flash PMIs (June 2024) The sharp drop in the euro-zone Composite PMI in June suggests a solid recovery in the euro-zone economy is not a done deal, with activity having apparently stagnated this month. Meanwhile, aggregate... 21st June 2024 · 2 mins read
Europe Rapid Response Norges Bank Policy Announcement (June 2024) Norges Bank’s verbal guidance and updated interest rate projections reinforce the message that it won’t start cutting interest rates until the end of the year at the earliest. 20th June 2024 · 2 mins read
Europe Rapid Response Swiss National Bank Policy Meeting (June. 2024) Today’s decision by the SNB to reduce its policy rate from 1.5% to 1.25% was correctly anticipated by two thirds of economists surveyed by Reuters. (We were in the minority anticipating a hold.) In... 20th June 2024 · 1 min read
Europe Rapid Response Sweden CPI (May) The Riksbank’s target measure of inflation, CPIF, remained at 2.3% in May, but the core measure (CPIF excluding energy) rose slightly for the second month in a row. We think the Riksbank will leave... 14th June 2024 · 2 mins read
Europe Rapid Response Euro-zone Industrial Production (April 2024) The 0.1% m/m decrease in euro-zone industrial production in April was slightly weaker than the published consensus forecast of 0.2% rise, but expectations will have fallen since Ireland’s data were... 13th June 2024 · 1 min read
Europe Rapid Response EU duties on Chinese EVs Reports that the European Commission will “provisionally apply” additional duties of up to 25% on imports of EVs from China from July, on top of the 10% tariff already in place, are in line with... 12th June 2024 · 2 mins read
Europe Rapid Response France early election, EU elections Support for the centrists has held up quite well in European elections but this was overshadowed by the jump in votes for the far-right in France and President Macron’s surprise decision to dissolve... 10th June 2024 · 3 mins read
Europe Rapid Response Euro-zone Retail Sales (April 2024) Retail sales ticked down in April we expect them to rise gradually from here. 6th June 2024 · 2 mins read
Europe Rapid Response Swiss CPI (May) Switzerland’s inflation rate remained at 1.4% in May as an increase in rents was offset by a further fall in core goods prices. With inflation in line with the SNB’s forecast published in March and... 4th June 2024 · 2 mins read
Europe Rapid Response Euro-zone HICP (May 2024) May’s increases in headline and core inflation – and jump in services inflation to a seven-month high – won’t stop the ECB from cutting interest rates next week. But another reduction in July now... 31st May 2024 · 3 mins read
Europe Rapid Response EC Survey (May) and Unemployment (April 2024) The EC business and consumer survey for May is consistent with weak growth in euro-zone GDP, while price pressures are still strong but are continuing to ease. Meanwhile, the unemployment rate ticked... 30th May 2024 · 2 mins read
Europe Rapid Response Germany State CPI (May) CPI inflation data published by the major German states this morning suggest that both German and euro-zone HICP inflation may come in a bit lower than expected and that though core inflation rose... 29th May 2024 · 2 mins read
Europe Rapid Response Euro-zone Construction Output (March 2024) Euro-zone construction output rose slightly in March but we think the sector will struggle over the coming months. 21st May 2024 · 2 mins read
