Eurozone Economic Outlook
September 26, 2017Comprehensive GDP data confirmed that the Eurozone’s recovery continued in the second quarter of 2017, supported by both robust domestic demand and the external sector. Positive tailwinds from a stronger labor market, upbeat sentiment and a healthier global backdrop led to buoyant growth in the quarter. Incoming data for Q3 points to a continuation of firm activity. Industrial production rebounded in July, economic sentiment rose to an over 10-year high in August and the composite PMI increased in September. However, the euro has appreciated notably this year and recent figures suggest that its strength could be taking a bite out of overseas sales: The trade surplus narrowed more than had been expected in July.
Eurozone Economy Data
5 years of Eurozone economic forecasts for more than 30 economic indicators.
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|Exchange Rate||1.18||0.21 %||Oct 18|
|Stock Market||1,239||0.36 %||Oct 18|
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Eurozone Economic Growth
September 26, 2017The FocusEconomics panel sees the Eurozone expanding a solid 2.1% this year as the economy fires on all cylinders. Next year, GDP is projected to grow at a solid, but more moderate, clip of 1.8%, which is unchanged from last month’s estimate. While lower unemployment will continue to support household consumption, a strong euro could weigh on export growth.
Eurozone Economic News
September 28, 2017
The European Commission (EC) reported that economic sentiment in the Eurozone rose in September, recording the best result since July 2007.
September 22, 2017
Leading data suggests that the Euro area’s momentum firmed slightly in September, supported by healthy manufacturing and services sectors.
September 18, 2017
Complete data released by Eurostat on 18 September confirmed that harmonized inflation was 1.5% in August, rising from July’s 1.3%.
September 13, 2017
The industrial sector in the common-currency bloc gained steam in July.
September 7, 2017
The third estimate of GDP released by Eurostat confirmed that growth accelerated in the second quarter of 2017.