Eurozone Key Issues
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Friday' second Q4 GDP estimate revealed that the EZ economy barely grew at the end of 2019. The report confirmed that GDP rose by 0.1% quarter-on-quarter in Q4, slowing from a 0.3% rise in Q3, but the headline only narrowly avoided downward revision to zero, at just 0.058%... More by Claus Vistesen
We've already raised a red flag for today's second Q4 GDP estimate in the Eurozone, but for good measure, we repeat the argument here.... More by Claus Vistesen
The fact that Italy's economy is in poor shape will not surprise anyone following the euro area, but the advance Q4 GDP headline was astonishingly poor all the same.... More by Claus Vistesen
On a headline level, the Spanish economy conformed to its image as the star performer in the EZ in Q4.... More by Claus Vistesen
Friday's industrial production data in the core EZ economies, for December, were startlingly poor. In Germany, industrial production plunged by 3.5% month-to-month, comfortably reversing the revised 1.2% rise in November.... More by Claus Vistesen
Yesterday's economic reports in the euro area were mixed.... More by Claus Vistesen
Investor sentiment data still indicate that EZ PMIs are set for a significant rebound at start of the year.... More by Claus Vistesen
Judging by the solid advance data in the major economies, yesterday's EZ industrial production report should have hit desks with a bang, but it was a whimper in the end.... More by Claus Vistesen
Yesterday's industrial production report in Germany was much better than implied by the poor new orders data--see here--released earlier this week.... More by Claus Vistesen
The ink has hardly dried on economists' and the ECB's inflation projections for 2020, but we suspect that some forecasters are already considering ripping up the script.... More by Claus Vistesen
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