Eurozone Economic Outlook
October 23, 2018
Incoming data suggests that the Eurozone economy continued to grow steadily in the third quarter, although the pace of growth has levelled off notably this year after a stellar 2017. A tightening labor market and accommodative monetary policy are driving a solid recovery, reflected by the unemployment rate falling to a fresh multi-year low in August. That said, a firm euro and slowdown in global trade are weighing on the region’s exports, while data for the manufacturing sector has also been weak. Although industrial production broke a string of contractions and returned to growth in August, the composite PMI edged down in September, which suggests that the improvement was short-lived. Meanwhile, politics continues to cloud the currency bloc’s economy. In October, Italy’s unconventional coalition government unveiled a costly populist budget, setting the country up for a clash with the European Commission as it breaks the country’s agreement to rein in the fiscal deficit. In addition, Brexit negotiations continue to drag on, with the latest round of talks in October failing to result in an agreement.Eurozone Economic Growth
Less accommodative monetary policy and slower global trade are likely to drag on the Eurozone economy next year. Nevertheless, growth ought to remain solid thanks to buoyant investment and a healthy labor market. Rising global protectionism and turbulent internal politics remain the key risks to the bloc’s forecasts. FocusEconomics panelists project growth of 1.8% in 2019, which is unchanged from last month’s forecast, before decelerating slightly to 1.6% in 2020.Eurozone Economy Data
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Eurozone Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.13 | 0.65 % | Nov 14 |
| Stock Market | 1,112 | -0.52 % | Nov 14 |
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Eurozone Economic News
Eurozone: Growth plunges to over four-year low in Q3
November 14, 2018
A more complete dataset confirmed that the Eurozone economy lost traction in the third quarter.
Eurozone: Industrial output plunges in September, continuing the weak data streak
November 14, 2018
Industrial output contracted in September, falling a seasonally-adjusted 0.3% over the previous month.
Eurozone: Inflation nears six-year high in October
October 31, 2018
According to preliminary data released by Eurostat on 31 October, harmonized inflation came in at 2.2% in October, up from September’s 2.1%.
Eurozone: Unemployment rate unchanged in September
October 31, 2018
According to data released by Eurostat, labor market conditions in the common currency bloc were broadly stable in September.
Eurozone: Growth falls to over four-year low in Q3
October 30, 2018
The Eurozone economy lost traction in the third quarter, growing at the slowest pace since Q2 2014.
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