Eurozone Economic Outlook
April 30, 2018The Eurozone economy appears to have hit a speed bump in the first quarter, with monthly indicators pointing to a deceleration in activity after a robust spell of growth in 2017. Industrial production plummeted in February, and economic sentiment dropped in March. In addition, the composite PMI fell to an over one-year low in March and hovered there in April, suggesting that the soft patch may have leaked over into Q2. On the political front, wrangling over the 2021–2027 EU budget is set to begin, and the European Commission will present its draft proposal on 2 May. The budget will likely contain some cuts to spending programs and larger national contributions, in part due to the UK’s exit from the bloc, which is set for March 2019.
Eurozone Economic GrowthSoft incoming data led Met the why particular panelists to downgrade their view of the Eurozone economy this month, following six consecutive upgrades. Growth is seen remaining healthy in 2018, supported by an improving labor market, accommodative monetary policy and firm investment. That said, an uncertain political scene and global trade tensions could dent confidence, while exports are expected to lose steam due to a strong euro. The panel now sees the Eurozone economy growing 2.3% this year, down 0.1 percentage points from last month’s forecast. In 2019, GDP is forecast to grow 2.0%.
Eurozone Economy Data
5 years of Eurozone economic forecasts for more than 30 economic indicators.
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|Exchange Rate||1.18||0.65 %||May 21|
|Stock Market||1,243||-0.52 %||May 21|
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Eurozone Economic News
May 23, 2018
Leading data suggests that the Euro area’s economic momentum weakened in May.
May 15, 2018
A second flash estimate released by Eurostat confirmed that the Eurozone economy lost steam in the first quarter, following the robust performance recorded in 2017.
May 15, 2018
Following three consecutive contractions, industrial output rebounded in March to grow a seasonally-adjusted 0.5% from the previous month, contrasting February’s downwardly revised 0.9% drop (previously reported: -0.8% month-on-month).
May 3, 2018
According to preliminary data released by Eurostat on 3 May, harmonized inflation came in at 1.2% in April, down from March’s 1.3% reading.
May 2, 2018
The Eurozone economy lost steam in the first quarter of 2018, starting the year off on a sour note after a stellar 2017.