Eurozone Economic Outlook
November 21, 2017A preliminary estimate of GDP revealed that growth remained buoyant in the third quarter of 2017, on the back of solid activity in the region’s major players. Although a breakdown of components is not yet available, the region’s drivers are expected to have been largely unchanged, with tailwinds from high sentiment, accommodative monetary policy and a favorable external backdrop fueling both domestic demand and the external sector. Early data for the fourth quarter points to another period of strong growth. Economic sentiment rose to the highest level since January 2001 in October, and the composite PMI continued to signal brisk activity. Growing confidence in the Eurozone’s economic recovery led the ECB to finally announce a reduction its bond-buying program on 26 October, meeting analysts’ expectations. Starting in January 2018, the Bank will reduce the monthly pace of asset purchases from EUR 60 billion to EUR 30 billion. While economic activity remains strong, weak price pressures led the Bank to extend the program until at least September 2018, and monetary policy remains very accommodative overall.
Eurozone Economic GrowthThe Eurozone economy is seen maintaining a brisk pace of growth next year, chiefly due to a stronger labor market and robust fixed investment. FocusEconomics analysts project that GDP will expand a solid 2.0% in 2018, which is up 0.1 percentage points from last month’s forecast. In 2019, momentum is seen waning slightly, and GDP is forecast to grow 1.7%.
Eurozone Economy Data
5 years of Eurozone economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Exchange Rate||1.18||0.65 %||Dec 06|
|Stock Market||1,225||-0.52 %||Dec 06|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Eurozone Economic News
November 29, 2017
Economic sentiment in the Eurozone jumped in November, recording the best result in over 17 years, according to the European Commission (EC).
November 24, 2017
Leading data suggests that the Euro area’s momentum gained steam in November.
November 16, 2017
Complete data released by Eurostat on 16 November confirmed that harmonized inflation was 1.4% in October, slightly lower than September’s 1.5% reading.
November 14, 2017
Activity in the industrial sector plunged in September, recording the largest contraction since December 2016.
November 14, 2017
The Eurozone economy continued to perform robustly in the third quarter of 2017, according to a second preliminary estimate released by Eurostat.