Europe Economics Update Euro-zone Monetary Indicators Monitor (Jun.) The latest data show that euro-zone money and credit growth remain subdued, supporting the view that CPI inflation will fall below the ECB’s target as the boost from energy and food subsides. While a... 1st July 2011 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Jun.) While plans for a Greek debt roll-over and a second bail-out should ease immediate default concerns and funding pressures, Greece is still struggling to rein in its budget deficit, highlighting the... 30th June 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 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 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
Europe Data Response Euro-zone CPI (Final, May) & Employment (Q1) May’s small fall in euro-zone CPI inflation is unlikely to prevent the ECB from hiking interest rates again in July. But with Q1’s weak employment figures supporting our view that domestic demand will... 17th June 2011 · 1 min read
Europe Data Response Euro-zone Industrial Production (Apr.) April’s euro-zone industrial production figures supported the view that the recovery in the wider economy has peaked and that growth may slow quite sharply in Q2 . 16th June 2011 · 1 min read
Europe Data Response Euro-zone GDP Breakdown (Q1) The breakdown of euro-zone Q1 GDP provided some support to our view that the pace of recovery in the region peaked in the first quarter and that growth is likely to be materially slower in Q2 and... 8th June 2011 · 1 min read
Europe Data Response Euro-zone Retail Sales (Apr.) April’s pick-up in euro-zone retail sales may look like an encouraging sign that euro-zone consumers are defying the fiscal squeeze. But the bounce is likely to have been a one-off boosted by Easter... 7th June 2011 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (May) While Spain has made good progress in reducing its central government budget deficit this year, its growing regional deficits are a cause for concern. Meanwhile, the Greek and Irish deficits are still... 1st June 2011 · 1 min read
Europe Data Response Euro-zone Flash CPI & Unemployment (May/Apr.) May’s slight drop in euro-zone CPI inflation is unlikely to prompt the ECB to tone down its hawkishness. Interest rates are set to rise again in July. 31st May 2011 · 1 min read
Europe Data Response Euro-zone EC Survey (May) May’s EC business and consumer survey brought further signs that the economic recovery in the euro-zone is starting to lose steam and hence dented hopes that continued strong growth in the core will... 27th May 2011 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (May) The latest data show that euro-zone money and credit growth remain subdued. Of course, with headline inflation well above target, this won’t stop the ECB from raising interest rates again over the... 27th May 2011 · 1 min read
Europe Data Response Euro-zone Flash PMIs (May) May’s sharp fall in the flash euro-zone Purchasing Managers’ Index (PMI), driven by developments in France and Germany, brought the strongest signs yet that the core economies’ recoveries are losing... 23rd May 2011 · 1 min read
Europe Commercial Property Chart Pack Weak performance outside the core The increasing divergence between the euro-zone’s core and peripheral economies are now clearly evident in the performance of commercial property markets. In contrast to the core, there is no... 17th May 2011 · 1 min read
Europe Data Response Euro-zone CPI (Final, Apr.) & Trade (Mar.) April’s sharp rise in core inflation is probably not as worrying as it may seem, but it will do nothing to ease the ECB’s inflation concerns, suggesting that the Bank may raise interest rates again in... 16th May 2011 · 1 min read
