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13th Aug 2021 00:10Eurozone, Economic Monitor, Eurozone Key Issues

  • The second Q2 GDP estimate for the EZ will confirm the advance report while we are away.
  • Detailed GDP data in Germany will show that consumers' spending rocketed in Q2.
  • We look for soft surveys for August, but we still think Q3 as a whole will be great for the EZ economy.

August bank lending banking system base effects bonds business climate index business confidence capex climate change clothing composite pmi construction consumption core goods core inflation core rate cpi dax 30 domestic demand economy elections employment energy euro euro area europe eurozone eurozone inflation ez EZ construction ez gdp ez headline financial conditions forecasts france french french economy gdp gdp data gdp growth german gdp germany goods inflation government government spending growth h2 headline inflation hicp household consumption ifo ifo business climate ifo expectations index inflation insee inventories italy July June labour labour market leading indicators m1 m3 manufacturing manufacturing sentiment index money supply net trade non-energy goods non-energy goods inflation November October pm pm forecast pmi pmis presidential elections production q1 q2 q2 gdp q3 q3 gdp q4 real gdp remain retail sentiment September services inflation spain summer supply survey survey data surveys trade trade surplus unemployment unemployment rate vat vat hike zew

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