Eurozone Economic Outlook
September 27, 2016The Eurozone economy slowed in the second quarter as weakness in domestic demand outweighed a brighter external sector. Despite the downturn, many of the conditions that have driven the recovery remain intact and high frequency data for Q3 has been resilient, suggesting that a large Brexit-induced shock to growth has yet to materialize. The composite PMI remained in expansionary territory in September and economic sentiment recorded only a mild decline in August. However, post-Brexit vote optimism is still premature as the brunt of the impact will be felt over a longer horizon. The vote also has profound political complications for the European Union and leaders from the member countries—except for the UK—met in September to discuss a roadmap for the future. The talks focused on promoting growth and bolstering security within the Union but kicked more controversial topics such as migrant quotas down the road.
Eurozone Economy Data
5 years of Eurozone economic forecasts for more than 30 economic indicators.
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|Exchange Rate||1.09||0.12 %||Oct 24|
|Stock Market||1,054||0.52 %||Oct 24|
Eurozone Economic Growth
September 27, 2016Risks to the Eurozone’s outlook remain fairly balanced and our panel held their forecasts unchanged this month. While slower global growth and the uncertain political environment could weigh on growth prospects, supportive monetary policy and resilient domestic dynamics are supporting the economy. Our panel sees the Eurozone economy expanding 1.5% in 2016 before decelerating slightly to 1.4% growth in 2017.
Eurozone Economic News
October 24, 2016
Recent data suggest that business activity in the Euro area picked up momentum at the start of Q4.
October 20, 2016
The European Central Bank (ECB) decided to stay the course and made no changes to its monetary policy at its 20 October meeting, matching market expectations.
October 17, 2016
Complete data released by Eurostat on 17 October confirmed that harmonized inflation was 0.4% in September, above August’s 0.2% and the highest reading seen since June 2014.
October 12, 2016
The industrial sector in the common-currency bloc grew in August after contracting in July.
September 30, 2016
Inflation rose to an almost two-year high in September, providing some evidence that the European Central Bank’s monetary stimulus is bearing fruit.