Pantheon Macroeconomics - Money supply data in the euro area are sending an increasingly upbeat signal on the economy. The increase in narrow money growth is the key variable here, now pointing to a noticeable acceleration in GDP growth later this year. Allowing for the usual lags between upturns in M1 and the economy, we should start to see this in the second and third quarter.

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30 Jan. 2015 Leading indicators are sending a clear signal of higher GDP growth ahead

By Claus Vistesen

Money supply data in the euro area are sending an increasingly upbeat signal on the economy. The increase in narrow money growth is the key variable here, now pointing to a noticeable acceleration in GDP growth later this year. Allowing for the usual lags between upturns in M1 and the economy, we should start to see this in the second and third quarter.

Posted: 30th Jan 2015 in 'Eurozone Documents'

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Keywords for: Eurozone Documents | 30 Jan. 2015 Leading indicators are sending a clear signal of higher GDP growth ahead

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