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7 matches for " HICP core inflation":
Leading economic indicators in the Eurozone continue to send contradictory signals. Most of the headline surveys indicate that a further slowdown, and perhaps even recession, are imminent, while the money supply data suggest that GDP growth is about to re-accelerate.
The first economic report of 2020 confirmed the main story in the euro area last year; namely a recession in manufacturing.
Data on EZ consumption were soft while we were enjoying our Christmas break. The advance EC consumer confidence index slipped to a three-year low of -8.1 in December, from -7.2 in November, breaking its recent tight range.
The Eurozone economy all but stalled at the start of Q4.
Manufacturing in the EZ was held above water by Ireland at the end of Q3.
Yesterday's second Q3 GDP estimate confirmed that the EZ economy expanded by 0.2% quarter-on- quarter in Q3, the same pace as in Q2, leaving the year-over-year rate unchanged at 1.2%.
German inflation data are more noise than signal at the moment.
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