EZ Datanote: GfK Consumer Confidence, Germany, May

In one line: Surging, will spending follow confidence up?

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: ISTAT Confidence, Italy, April

In one line: Confidence eases.

Melanie Debono (Senior Eurozone Economist)Eurozone

24 April 2024 Eurozone Monitor The PMIs suggest that EZ GDP growth picked up at the start of Q2

• The rise in the EZ composite PMI suggests we should expect a pick up in GDP growth in Q2.
• Higher selling price expectations won’t prevent an ECB cut in June; they still point to lower inflation.
• The SNB’s tweak to minimum reserve requirements is not as big a deal as markets think.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Advance Consumer Confidence, Eurozone, April 2024

In one line: The rising trend continued, just. 

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Construction, Eurozone, February

In one line: Something funny in the data; on course for a rise in Q1 either way.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: ZEW, Germany, April 2024

In one line: Still on the up.

Melanie Debono (Senior Eurozone Economist)Eurozone

17 April 2024 Eurozone Monitor Italy and Spain fared better than France and Germany again in Q1

• Spain was again the star performer in Q1; we look for GDP to have risen by 0.6% quarter-to-quarter.
• Italy was close behind, faring better than France and Germany, as construction investment rose again.
• Growth should rise in Spain and Italy later this year, but risks are to the downside, especially in Italy.

Melanie Debono (Senior Eurozone Economist)Eurozone

EZ Datanote: Industrial Production, EZ, February 2024

In one line: Industry was still a drag on EZ GDP growth in Q1.

Melanie Debono (Senior Eurozone Economist)Eurozone