Fiscal Balance in Eurozone
Eurozone - Fiscal BalanceGrowth is expected to have lost steam in the second quarter, after a healthy expansion at the start of the year. The latest data continues to point to a two-speed economy, with lingering weakness in the manufacturing sector contrasting relatively robust services sector activity. The manufacturing PMI recorded its worst quarter since Q1 2013 in Q2, and a sharp downturn in industry confidence caused economic sentiment to fall to a near three-year low in June. However, the unemployment rate fell to a new over one-decade low in May and the services business activity index rose to a seven-month high in June. Meanwhile, on 2 July, the European Council nominated Christine Lagarde for ECB President, Ursula von der Leyen to head the European Commission and Charles Michel to lead the European Council. The nominees represent a largely pro-European integration stance and also the continued influence of Germany and France, although ultimately policy will be spearhead by heads of states.
Eurozone - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-3.1||-2.5||-2.0||-1.6||-1.0|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||1.11||0.65 %||Jul 31|
|Stock Market||1,181||-0.52 %||Jul 31|
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August 19, 2019
Complete data revealed harmonized inflation felt to 1.0% in July from June’s 1.2%, a notch below the preliminary estimate of 1.1% and marking the lowest reading since November 2016.
August 1, 2019
According to a preliminary estimate released by Eurostat on 31 July, harmonized inflation fell to 1.1% in July, from June’s 1.3%.
July 31, 2019
The Eurozone economy slowed in the second quarter of 2019, likely weighed on by a weak manufacturing sector and uncertainty.
July 31, 2019
Labor market conditions in the common currency bloc improved in June, according to data released by Eurostat.
July 30, 2019
Sentiment in the Eurozone continued to wane in July, falling slightly to an over three-year low.