ECB releases: The date published in the release calendar of Eurostat corresponds to the date the data are published by the ECB. World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use. to Quarterly, Index source base, (Apr 20), Jan 1991 to the euro area including Lithuania) for the whole time series. White label accounts can distribute our data. The Deloitte Global Economist Network is a diverse group of economists that produce relevant, interesting, and thought-provoking content for external and internal audiences. Why It Matters: Exports, a big driver of the economy, are down. used by wealth managers, institutional investors and fintech platforms around The eurozone economy grew marginally in the first quarter, matching preliminary estimates, shrugging off earlier concerns of a recession as it dodged a crippling energy crisis. Write to Ed Frankl at edward.frankl@wsj.com. (Mar 15), Feb 1996 Financial investors see two more rate hikes from the ECB, with the first move fully priced in by June and a second in either July or September. The Eurozones economic outlook: These 3 charts sum it up On the contrary, the official flash estimate for October sees inflation in the Eurozone at another record high of 10.7%, after reaching 9.9% in September. Apr 2023 Learn more about how we use cookies, We are always working to improve this website for our users. The ECB is also likely to take some comfort from the slowdown in food inflation to 12.5% from 13.5% as pressures on that front were still expected to build for some time. It now anticipates 2023 economic growth in the bloc at 1.1%, from the 0.9% estimated in February. The bloc's economy has been significantly impacted by multiple factors, including a notable increase in consumer prices driven by higher energy and food costs. Seasonally Adjusted, National Currency, Annual, Growth rate previous period, Data. to For non-personal use or to order multiple copies, please contact Monthly, Growth rate same period previous year, Eurozone economy continued to grow at 0.2% in the third quarter of 2022, after 0.7% in the first and 0.8% in the second quarter.1 The two other big Eurozone economies, Italy and Germany, are hovering in the middle with inflation rates close to 13% and 12%, respectively.7. The index reported falling business activity for the fourth consecutive month, with an accelerating rate of decline. To stay logged in, change your functional cookie settings. Deloitte Insights delivers proprietary research designed to helporganizations turn their aspirations into action. The ECBs survey of professional forecasters assumes only slight growth at 0.1% for all of 2023. The euro area data shown on this page correspond to the economic and financial variables described on the International Monetary Fund's Dissemination Standards Bulletin Board (DSBB). In fact, labor shortages continue to be a challenge for companies. The euro zone beat expectations on Tuesday by posting positive growth in the final quarter of 2022 and reducing fears of a potential regional recession. Eurozone Economic Sentiment Fell More Than Expected in May Release calendar for Euro indicators - Eurostat Some countries were able to reduce gas demand substantiallyFinland, for example, by more than 50%, and the Netherlands by almost 20%.4 At the same time, and partly due to an unusually warm October, gas-storage levels reached 95% in early November. Q4 2022 Economic Nevertheless, the coming winter will likely prove extremely challenging, mainly due to sky-high inflation rates, tightening of monetary policy, continuing high uncertainty, and the looming energy crisis. The data comes after some economists said first quarter GDP could be revised downward after industrial output contracted more than expected, by 4.1% on month in March. The Day Ahead. Q4 2022 Plus: Mixed data confront the Fed on jobs, and China on a Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis. 1, 2023, 01:41 AM. Inflation meanwhile shows no signs of abating. You can unsubscribe at any time using the link in our emails. Unless otherwise indicated, all data series including observations for 2015 relate to the 'Euro 19' (i.e. 2022-08-31 Go straight to smart. More data are available in the Eurostat Data Navigation and the ECB Statistical Data Warehouse (SDW). Aug 2022 Germany, France, Italy and Spain are the most important economies accounting respectively for 29 percent, 20 percent, 15 percent and 10 percent of the blocs GDP. Click on links for full details. Eurozone 5% Inflation: ECB's 25th Birthday Isn't a Celebration Proof from the EU, AI Act: EU Proposes New Copyright Rules For Generative AI, Digitalization needs to be targeted to boost productivity -new research, Robert Anderton, Vasco Botelho and Paul Reimers, How Europe's innovation boost is helping drive investment a Sovereign Wealth Fund perspective, EU farms: 5.3 million fewer in 2020 than in 2005, This EU law will require all new cars sold to have zero CO2 emissions from 2035, is affecting economies, industries and global issues, with our crowdsourced digital platform to deliver impact at scale. Q1 2017 WebEuro area from The World Bank: Data. The hardest hit countries include the Baltic states, which suffer from inflation rates of up to 22%, and the Netherlands at 17%. Data resources for research on Europe are listed below. Euro zone Euro zone wage growth is hovering in the 5% to 6% range, twice the rate that would be consistent with the ECB's inflation target. Simply link your email orsocial profile and select the newsletters and alerts that matter most to you. Copyright 2023 MarketWatch, Inc. All rights reserved. This and the energy savings suggest that Europe looks increasingly likely to avoid outright shortages and therefore gas rationing, a key risk that could cause a deep recession. The bloc's gross domestic product grew 0.1% from January to March, compared with flatlining economic growth recorded in the fourth quarter of 2022, data from the European Union's statistics agency Eurostat showed Tuesday. Label. Eurozone Economy the world to identify trading and investing opportunities, strengthen advisor-client White label accounts can distribute our data. To do this, we use the anonymous data provided by cookies. Its a quieter day ahead on the Eurozones economic calendar.. Trade data for the Eurozone will be in focus later this morning. The purchasing managers index for November paints an equally dismal picture. WebEconomic Surveys of the European Union and the Euro Area (September 2021) The COVID-19 pandemic plunged the EU into its worst-ever recession and risks increasing inequalities, notably between regions. While Portugal and Ireland saw sharper drops in Among the Eurozone's largest economies, Germany registered no growth in the first quarter, while the Netherlands experienced a contraction. "The May numbers and broader economic data will most likely convince the ECB to continue 25 basis points hikes in June and July and in our baseline forecast to pause after that," Nordea said in a note. (2017-06-01), Q1 1990 Not Seasonally Adjusted, Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for the Euro Area (19 Countries), Consumer Price Index: Harmonised Prices: All Items: Total for the Euro Area (19 Countries), Growth rate same period previous year, Visit a quote page and your recently viewed tickers will be displayed here. Q1 2023 Create a free account and access your personalized content collection with our latest publications and analyses. to Mar 2023 (Mar 15), Jan 1980 Euro area used by wealth managers, institutional investors and fintech platforms around Verizons stock sinks to 12-year low while Dishs shares soar after report Amazon is in talks to offer mobile plans for Prime members, Dow on track for biggest gain since January, S&P 500 near bear market exit after May jobs report, A third of workers would take a pay cut for more flexibility, Chase working to resolve issue with accidental double payments made through Zelle. Jan 2023 - 2021. Includes residents of euro area countries other than the country whose government has issued the debt. However, the economies of France, Italy, and Spain did see some expansion during the same period. Current job openings: Download historical data for 20 million indicators using your browser. It now anticipates 2023 economic growth in the bloc at 1.1%, from the 0.9% estimated in February. The euro area data shown on this page correspond to the economic and financial variables described on the International Monetary Fund's Dissemination Standards Bulletin Board (DSBB). The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. In September, the European Commissions consumer climate index reached its lowest level since the survey started in 1985. The French economy, alongside the Irish economy, is still expanding.8. Exclusive news, data and analytics for financial market professionals, Reporting by Balazs Koranyi; editing by John Stonestreet, China's on the move again, economic outlook brightens, Japan's biggest banks to raise housing loan rates after BOJ's policy tweak, Japan's tourism restart stirs hope of service-sector recovery -PMI, South Korea's Sept inflation slows but tightening bias seen intact, India's Apollo Hospitals to sell stake in healthcare platform, Exchange operator Cboe launches global listing offering, Biden to tout bipartisan debt ceiling deal in first Oval Office address, Venezuela's oil exports drop as heavy crude processing sags, stocks drain, US debt ceiling deal strands $16 bln of defense side-projects. Economic growth in the eurozone edged down in May to a three-month low because of a drop in industrial production, according to a closely watched survey Data. Confidence among businesses and consumers in the eurozone sank in May by more than expected, indicating that the economic revival after 2022s energy-price shock has started to fade. The Trading Economics Application Programming Interface (API) provides direct access to our data. API users can feed a custom application. The eurozone economy is a mixed economy, meaning it All quotes delayed a minimum of 15 minutes. Gain valuable insights and practical knowledge from our specialistswhile earning CPE credits. The ECB has raised base rates by a combined 375 basis points to 3.25% over the past year to combat runaway prices and has essentially committed to another 25 basis point hike on June 15 given high underlying price pressures. (Dec 9), 1960-03-01 Request your free sample report now. GDP should expand at a soft clip this year, restrained by sticky inflation, higher interest rates and global headwinds. Our Standards: The Thomson Reuters Trust Principles. 5% Inflation Is Harder. Economy This field is for validation purposes and should be left unchanged. Expectations for inflation stand at 5.8.9 While there are also gloomier outlooks available, this relatively moderate outlookcompared to the current levels of economic sentimentimplies that the Eurozone will likely face a period of stagflation, even if an outright recession might be avoided. to India's Apollo Hospitals Enterprise Ltd plans to raise about $200 million by selling a stake of up to 6% in its online platform, Chief Financial Officer Krishnan Akhileswaran said on Friday. relationships and build investor experiences. 5. Sentiment in the Eurozone fell to 96.5 in May from 99.0 in April. On a year-on-year basis, the region's economy expanded 1.3%, it said. Eurozone Economic Sentiment Fell More Than Expected in May. Private consumption in particular is under pressure and will prove to be a drag on growth going forward as consumers suffer from a loss of real income due to inflation. St. Louis, MO 63102, Millions of Euros, Weekly, Not Seasonally Adjusted, Jan 1970 Household consumption slumped 0.9 percent and gross fixed capital formation tumbled 3.6 percent, as stubbornly high inflation, rising borrowing costs, and supply chain bottlenecks hit activity and demand. WebEurostat makes the Euro indicators release calendar also available as an internet calendar in ics format. % change from previous period to latest period, 2. to .chakra .wef-facbof{display:inline;}@media screen and (min-width:56.5rem){.chakra .wef-facbof{display:block;}}You can unsubscribe at any time using the link in our emails. See here for a complete list of exchanges and delays. Line Bar Map. WebGDP growth (annual %) - Euro area. The Eurozone economy grew slightly by 0.1 percent in the first quarter of 2023 after a flat fourth quarter, but missed market consensus of a 0.2 percent expansion, a preliminary estimate showed. Nvidia and other tech plays are overpriced. Growth in 2021strong but unequal. Trend. See here for a complete list of exchanges and delays. Its an unhappy birthday for Europes central bank. ECB Blows Out 25 Candles. FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Retail trade confidence was the largest faller, while consumer sentiment ticked up marginally. economy For data assistance write to Thomas Bourke at econlibrary@eui.eu. The fall in the indicator was driven by falling confidence in four of the five sectors measured--industry, services, retail and construction. This indicates that the labor market, despite economic headwinds, is still thriving, and thus stabilizing the economy. to Q1 2023 World Bank national accounts data, and OECD National Accounts data files. to to The eurozone's economic sentiment indicator--an aggregate measure of business and consumer confidence--fell to 96.5 in May from a downwardly revised 99.0 in April, data from the European Commission showed Tuesday. Unemployment in the Eurozone decreased slightly to a record low of 6.6%, suggesting that uncertainties and recession fears left the labor market unaffected. Please enable JavaScript to view the site. Holders resident in the country whose government has issued the debt. Im 62 and ready for my golden years: Ive $840K in annuities, and $870K in Roths and index funds. Eurozone Simply select text and choose how to share it: Email a customized link that shows your highlighted text. The Networks industry and economics expertise allows us to bring sophisticated analysis to complex industry-based questions. Some governments--such as in Austria, the Netherlands, and Belgium--are imposing some FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Monthly, OECD based Recession Indicators for Euro Area from the Period following the Peak through the Trough, Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for the Euro Area (19 Countries), Consumer Price Index: Harmonised Prices: All Items Less Food, Energy, Tobacco, Alcohol: Total for the Euro Area (19 Countries), Harmonised Unemployment - Monthly Rates: Total: All Persons for the Euro Area (19 Countries). FocusEconomics reports cover more than 130 economies and over 30 key commodities. Euro area data presented on this page are provided by Eurostat and the ECB . Macroeconomic projections Additionally, the European Central Bank's aggressive tightening of monetary policy, the fastest in over two decades, has added to the economic strain, as well as declining confidence levels among businesses and consumers.
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