Current Account in Eurozone
Eurozone - Current AccountDownbeat data continues to ebb in surrounding the Eurozone economy, suggesting that a slower growth path remains in play after a solid 2017 A downturn in the industrial sector in the third quarter due to supply-side constraints and tepid demand appears to have persisted into the fourth quarter, with industrial production contracting at the sharpest pace in over two years in November and the composite PMI falling in December. Moreover, economic sentiment deteriorated notably throughout 2018, ending the year at an almost two-year low. That said, a tightening labor market is providing some relief to the economic narrative, with the unemployment rate falling to a fresh multi-year low in November. In the political arena, the scene is also troubling. The possibility of a hard Brexit has increased somewhat after policymakers in the UK rejected Prime Minister Theresa May’s withdrawal agreement in mid-January and remain deeply divided on how to proceed with the country’s exit from the European Union. Met the why particular panelists remain divided on how events will unfold, although most think some sort of agreement will be struck. In addition, the threat of new U.S. tariffs continues to loom large, while at home, fragile governments in Italy and Spain could present legislative challenges or spark snap elections.
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||1.13||0.65 %||Feb 14|
|Stock Market||1,112||-0.52 %||Feb 14|
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February 14, 2019
A second flash estimate confirmed weak growth dynamics in the Eurozone economy at the end of 2018.
February 13, 2019
Industrial output fell again in December, contracting a seasonally-adjusted 0.9% over the previous month.
February 1, 2019
According to a preliminary release by Eurostat on 1 February, harmonized inflation is expected be 1.4% in January, sitting below the European Central Bank’s target rate of near, but under, 2.0%.
February 1, 2019
According to data released by Eurostat, labor market conditions in the common currency bloc were broadly stable in December.
January 31, 2019
The Eurozone economy remained weak in the final quarter of last year, failing to gain ground after the third quarter’s slowdown.