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17 matches for " employee compensation":
Many investors probably glossed over yesterday's barrage of data in the Eurozone, for fear of being caught out by another swoon in Italian bond yields. Don't worry, we are here to help.
Friday's consumer sentiment data in the two main Eurozone economies were mixed.
Data yesterday showed that Momentum in the EZ retail sector stumbled through middle of Q2.
Yesterday's EZ consumers' spending data were mixed. Retail sales in the euro area fell by 0.3% month-to-month in May, extending the slide from a revised 0.1% dip in April.
The German economy's engine room continues to stutter.
Taken at face value, the retail sales data in the euro area suggest that consumers' spending hit a brick wall at the end of 2018.
Yesterday's barrage of survey data were a mixed bag. The composite EZ PMI edged higher in May to 51.6, from 51.5 in April, but the details were less upbeat, and also slightly confusing.
Yesterday's ECB meeting was comfortably uneventful for markets.
Oil prices remain sticky, poised to hover close to a four-year high for the rest of the year.
We already know that the key labor market numbers in today's May NFIB survey are strong.
One of the key characteristics of this euro area business cycle has been near-zero inflation due to structurally weak domestic demand and depressed prices for globally traded goods and commodities. This has supported real incomes, despite sluggish nominal wage growth.
The Eurozone's external surplus weakened at the start of Q3.
Consumer sentiment in the euro area has slipped this year, though the headline indices remain robust overall.
We still don't have the complete picture of what happened to EZ consumers' spending in Q1, but the initial details suggest that growth acceleretated slightly at the start of the year.
As recently as late 2008, the share of employee compensation in GDP was slightly higher than the average for the previous 20 years. But it would be wrong to argue, therefore, that the squeeze on labor is a phenomenon only of the past few years. It's certainly true that labor's share dropped precipitously from 2009 through 2011, and has risen only marginally since then.
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