Eurozone Documents

We'll skip quickly past Friday's second Q3 growth estimate, which showed that EZ GDP jumped by 12.6% quarter-on-quarter, rebounding from an 11.8% crash in Q2, little...

Claus Vistesen (Chief Eurozone Economist)15th Nov 2020 19:10Eurozone

4 Nov 2020 The Budget Deficit in France will Widen to 7% of GDP in 2020

The shift in France's public finances to lean against the economic damage from the virus has been significant.

Claus Vistesen (Chief Eurozone Economist)3rd Nov 2020 19:10Eurozone

5 Oct 2020 EZ Core Inflation is Now Uncomfortably low for the ECB

Friday's advance EZ inflation data were every bit as soft as we expected. The headline slipped to -0.3% year-over-year in September, from -0.2% in August, with the core...

Claus Vistesen (Chief Eurozone Economist)4th Oct 2020 20:10Eurozone

16 Sept 2020 ZEW and Sentix Point to a Leap in the EZ PMIs, We don't Buy it

Market-based sentiment indicators in the Eurozone are becoming increasingly detached from the reality of the threat of resurgent Covid-19 and the danger this poses to the strength...

Claus Vistesen (Chief Eurozone Economist)15th Sep 2020 20:10Eurozone

17 June 2020 Look Closer and EZ Wage Data Point to Lower Core Inflation

Yesterday's labour cost data in the EZ are misleading. Eurostat's headline index jumped by 3.4% year-over-year in Q1, accelerating from a revised 2.3% increase in Q4,

Claus Vistesen (Chief Eurozone Economist)16th Jun 2020 20:10Eurozone

4 June 2020 The ECB will both Boost and Extend the PEPP Today

The ECB will leave its key refinancing and deposit rates unchanged today, at 0.00% and 0.5%, respectively, but we are confident that the central bank will expand its existing...

Claus Vistesen (Chief Eurozone Economist)3rd Jun 2020 20:10Eurozone

21 May 2020 EZ Core Inflation will Take a Hit, but a Sustained Slide is Unlikely

Yesterday's final CPI report for April confirmed that the Eurozone is edging towards deflation.

Claus Vistesen (Chief Eurozone Economist)20th May 2020 20:10Eurozone

14 May 2020 Brace for a hit to EZ Manufacturing Employment and Investment

Yesterday's data provided further evidence of the damage wrought on the EZ at the end of Q1.

Claus Vistesen (Chief Eurozone Economist)13th May 2020 20:10Eurozone

21 Apr 2020 The Collapse in EZ Tourism Signals Higher Spanish Bonds Yields

Yesterday's economic reports provided further evidence on the state of the world before Covid-19.

Claus Vistesen (Chief Eurozone Economist)20th Apr 2020 20:10Eurozone

2 Apr 2020 EZ Manufacturing is Under Siege, But Help is Coming, we Hope

Within the space of two months, investors have gone from wondering whether the slowdown in manufacturing would spill-over into the rest of the EZ economy, to the realisation that...

Claus Vistesen (Chief Eurozone Economist)1st Apr 2020 20:10Eurozone

5 Mar 2020 How far Will EZ Services Fall, and Will it Cause a Recession

It will take a while for the economic data in the euro area fully to reflect the Covid-19 shock, but the incoming numbers paint an increasingly clear picture of an improving...

Claus Vistesen (Chief Eurozone Economist)4th Mar 2020 19:10Eurozone

4 Mar 2020 The Policy Put is Alive and Well, the ECB will Follow the Fed

Markets were left somewhat disappointed yesterday by the G7 statement that central banks and finance ministers stand ready "to use all appropriate policy tools to achieve...

Claus Vistesen (Chief Eurozone Economist)3rd Mar 2020 19:10Eurozone