Eurozone Economic Outlook
March 26, 2019Comprehensive data confirmed that the economy stuttered again in Q4 2018, with growth barely picking up after the Q3’s weak performance. Downbeat sentiment, troubles in the manufacturing sector and the unwinding of inventories weighed on the domestic economy. While the economic backdrop remains somber in 2019—with heightened uncertainty over Brexit and tariffs on the automobile industry—recent signs have emerged of a tentative stabilization. Retail sales jumped in January and the unemployment rate held at a multi-year low, boding well for household spending. Low oil prices, meanwhile, should keep inflation and the import bill in check. Furthermore, although economic sentiment continued to fall in February, the pace of decline moderated significantly. That said, the manufacturing PMI slumped in March, suggesting that the sector is still reeling from a slowing global economy and a bruised car sector.
Eurozone Economic GrowthThe Eurozone’s growth outlook was cut for a fifth consecutive month on the back of a disappointing 2018 and ongoing woes in the manufacturing sector. Risks to activity linger from automobile tariffs, political uncertainty and sluggish global demand. Nevertheless, a tightening labor market, contained inflation and accommodative monetary policy should provide some relief. Met the why particular analysts expect growth of 1.3% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.4% in 2020.
Eurozone Economy Data
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|Exchange Rate||1.13||0.65 %||Apr 12|
|Stock Market||1,189||-0.52 %||Apr 12|
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Eurozone Economic News
April 18, 2019
Leading indicators point to another lackluster month for the Euro area’s economy.
April 17, 2019
Complete data confirmed harmonized inflation came in at 1.4% in March, slightly below February’s 1.5%.
April 12, 2019
Industrial output contracted again in February, recording the third drop in four months amid soft incoming data for the Eurozone economy.
April 11, 2019
The European Central Bank (ECB) made no changes to its monetary policy in April, leaving interest rates at record-low levels against the backdrop of a sharp cool-off in growth.
April 1, 2019
According to data released by Eurostat, labor market conditions in the common currency bloc were broadly unchanged in February.