Current Account in Eurozone
Eurozone - Current AccountComprehensive data showed slower, but stable, growth in the Eurozone throughout the first half of the year, with second-quarter growth confirmed at a seasonally-adjusted 0.4% quarter-on-quarter. Internally, dynamics were uneven; higher inflation and weaker economic sentiment weighed on household spending, while easy credit conditions supported an upturn in fixed investment. As feared, external-sector dynamics dragged on growth as exports continued to underwhelm amid this year’s slump of global trade. Analysts expect a similar outturn for the third quarter, although available data has been noticeably weaker in recent months. In line with falling consumer sentiment, retail sales continued moderating through July. Meanwhile, lower composite PMI readings and waning industrial metrics point to slack in the economy that could be exacerbated by the pullback in global demand and uncertainty over the Eurozone’s trade relationship with the United States. In late September, the prospect of a chaotic, no-deal Brexit grew following an informal summit in Austria, in which a number of the UK’s proposals were dismissed by the bloc’s leaders as unworkable.
Eurozone - Current Account Data
|Current Account (% of GDP)||2.2||2.5||3.2||3.6||3.5|
5 years of economic forecasts for more than 30 economic indicators.
Eurozone Current Account Chart
Source: Eurostat and Met the why particular calculations.
|Exchange Rate||1.16||0.65 %||Oct 12|
|Stock Market||1,119||-0.52 %||Oct 12|
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September 27, 2018
Economic sentiment in the Eurozone continued to fall in September, maintaining this year’s downward trend.
September 17, 2018
According to complete data released by Eurostat on 17 September, harmonized inflation came in at 2.0% in August.
September 13, 2018
The European Central Bank (ECB) delivered no surprises at its 13 September monetary policy meeting, leaving its main interest rates unchanged and reaffirming its commitment to winding down asset purchases related to its quantitative easing (QE) program by the end of the year.
September 12, 2018
Industrial output dropped in July, falling a seasonally-adjusted 0.8% over the previous month.
September 7, 2018
The third estimate of GDP for the second quarter released by Eurostat confirmed that soft momentum at the start of the year carried over into the second quarter.