Core inflation, which excludes volatile food and fuel prices and which has played an increasing role in the ECB's policy deliberations, fell to 5.3% from 5.6%, coming well under expectations for 5.5%. WebGDP growth (annual %) - Euro area. Q4 2022 (May 10), Q1 1994 Euro Rebounds on Lagarde's Hawkish Comments, Several ECB Officials Considered a Larger Rate Hike in May: Minutes, Eurozone Jobless Rate Hits New Record Low, Eurozone Inflation Rate Slows More than Forecast, Eurozone Posts Steepest Manufacturing Contraction in 3 Years, Eurozone Industry Confidence Hits 2-1/2-Year Low, Eurozone Services Sentiment Below Forecasts, Eurozone Economic Sentiment at 6-Month Low, Euro Area Consumer Confidence Unrevised in May, Eurozone Lending Growth Weakest in 6 Years, Baltic Exchange Dry Index Extends Slide, Posts Weekly Fall, Canadian Stocks Advance Sharply on Friday, South African Stocks End on Higher Note, Book Weekly Gain, US Stocks Rise as Investors Digest Payrolls Report. Jan 2023 Monthly, In fact, labor shortages continue to be a challenge for companies. It was 13.6% in both the EU and the Eurozone, up from May figures of 13.3% and 13.2%, respectively. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. It now anticipates 2023 economic growth in the bloc at 1.1%, from the 0.9% estimated in February. to This surge was once again driven by not only accelerating energy prices, which increased by 42%, but also food prices, which were up 13%.6, Notably, inflation varies considerably across countries in the Eurozone. See what has changed in our privacy policy, 1. .chakra .wef-facbof{display:inline;}@media screen and (min-width:56.5rem){.chakra .wef-facbof{display:block;}}You can unsubscribe at any time using the link in our emails. The data comes after some economists said first quarter GDP could be revised downward after industrial output contracted more than expected, by 4.1% on month in March. Eurozone Economic Sentiment Fell More Than Expected in May. "This supports our expectation that the ECB will raise key interest rates by 25 basis points for the last time in June.". Not Seasonally Adjusted, Growth Rate Previous Period, "That is why we have hiked rates at our fastest pace ever and we have made clear that we still have ground to cover to bring interest rates to sufficiently restrictive levels.". You can unsubscribe at any time using the link in our emails. Eurozone Economic Sentiment Fell More Than Expected in May Free and open access to global development data. Most recent value. Consumers were expected to drive the recovery in 2022. Eurozone 10-year bond yields were trading lower at the open, with macroeconomic indicators likely an increasing market factor in coming days and weeks, The index reported falling business activity for the fourth consecutive month, with an accelerating rate of decline. It comes after four months of general stagnation in sentiment, which now falls to its lowest level since November 2022, reflecting a slowdown in economic momentum after an upswing in confidence as a long-predicted energy crisis after Russia's invasion of Ukraine proved less severe than initially expected. 1, 2023, 01:41 AM. Jan 2023 to The economic situation in France, on the other hand, looks substantially more positive. A wage-price spiral poses an upside risk, as does a less-hawkish-than-expected monetary policy stance should financial turbulence reignite. See something interesting? Trend. Inflation meanwhile shows no signs of abating. .chakra .wef-10kdnp0{margin-top:16px;margin-bottom:16px;line-height:1.388;}How is the World Economic Forum fostering a sustainable and inclusive digital economy? The industry leader for online information for tax, accounting and finance professionals. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Seasonally Adjusted, National Currency, Inflation should resume its The stock market is finally showing positive signs unless its just another head-fake, Alphabet stock is a better bet than Meta Platforms to ride the AI wave. Monthly, Annual, Growth rate previous period, Monthly, % change from previous period to latest period, 2. Quarterly, Index source base, GDP (current US$) GDP (current US$) Most recent value (2021 trillion) 14.56 (2021 trillion) Trend. Alexander is the chief economist and head of research for Deloitte Germany. The Eurozone economy grew slightly by 0.1 percent in the first quarter of 2023 after a flat fourth quarter, but missed market consensus of a 0.2 percent expansion, a preliminary estimate showed. Eurozone Economic Sentiment Fell More Than Expected in May to Exclusive news, data and analytics for financial market professionals, Reporting by Balazs Koranyi; editing by John Stonestreet, China's on the move again, economic outlook brightens, Japan's biggest banks to raise housing loan rates after BOJ's policy tweak, Japan's tourism restart stirs hope of service-sector recovery -PMI, South Korea's Sept inflation slows but tightening bias seen intact, India's Apollo Hospitals to sell stake in healthcare platform, Exchange operator Cboe launches global listing offering, Biden to tout bipartisan debt ceiling deal in first Oval Office address, Venezuela's oil exports drop as heavy crude processing sags, stocks drain, US debt ceiling deal strands $16 bln of defense side-projects. to Learn More. This indicates that the labor market, despite economic headwinds, is still thriving, and thus stabilizing the economy. Eurozone 5% Inflation: ECB's 25th Birthday Isn't a Celebration The reading matched both preliminary estimates published at the end of April and forecasts of economists polled by The Wall Street Journal. The seasonally adjusted unemployment rate fell to 6.5% in April from 6.6% in March. Financial investors see two more rate hikes from the ECB, with the first move fully priced in by June and a second in either July or September. Inflation in the 20 nations sharing the euro eased to 6.1% in May from 7.0% in April, below expectations for 6.3% in a Reuters poll of economists. The Euro Area is an economic and monetary union of 19 European countries that adopted the euro as their currency. The eurozone's economic sentiment indicator--an aggregate measure of business and consumer confidence--fell to 96.5 in May from a downwardly revised 99.0 in GDP (current US$) Write to Ed Frankl at edward.frankl@wsj.com. Proof from the EU, AI Act: EU Proposes New Copyright Rules For Generative AI, Digitalization needs to be targeted to boost productivity -new research, Robert Anderton, Vasco Botelho and Paul Reimers, How Europe's innovation boost is helping drive investment a Sovereign Wealth Fund perspective, EU farms: 5.3 million fewer in 2020 than in 2005, This EU law will require all new cars sold to have zero CO2 emissions from 2035, is affecting economies, industries and global issues, with our crowdsourced digital platform to deliver impact at scale. The bloc's gross domestic product grew 0.1% from January to March, compared with flatlining economic growth recorded in the fourth quarter of 2022, data Economic growth in the eurozone edged down in May to a three-month low because of a drop in industrial production, according to a closely watched survey Publications range from in-depth reports and thought leadership examining critical issues to executive briefs aimed at keeping Deloittes top management and partners abreast of topical issues. Another potential concern for the ECB is that economic growth appears less resilient than thought, particularly in manufacturing, with a raft of indicators showing that industrial activity could weigh on the overall economy even as services boom. the world to identify trading and investing opportunities, strengthen advisor-client The fall in the indicator was driven by falling confidence in four of the five sectors measured--industry, services, retail and construction. Jan 2023 On a year-on-year basis, the region's economy expanded 1.3%, it said. relationships and build investor experiences. Quarterly, Most analysts expect Germany to achieve weak growth this year the countrys council of economic experts recently forecast 0.2 per cent growth in 2023 GDP. Eurozone Bond Yields Ease as Market Focus Is on Economic Data API users can feed a custom application. Eurozone economic (Apr 20), Jan 1991 Social login not available on Microsoft Edge browser at this time. Can I afford to never work again? the euro area including Lithuania) for the whole time series. World Bank national accounts data, and OECD National Accounts data files. India's Apollo Hospitals Enterprise Ltd plans to raise about $200 million by selling a stake of up to 6% in its online platform, Chief Financial Officer Krishnan Akhileswaran said on Friday. High inflation, uncertainty and weak consumer and business confidence will slow economic growth from 3.4% in 2022 to 0.5% in 2023. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Inflation in the 20 nations sharing the euro eased to 6.1% in May from 7.0% in April, below expectations for 6.3% in a Reuters poll of economists. Line Bar Map. Prior to joining Deloitte, Alexander was Senior Economist atAllianz Global Investors. Deloitte Insights delivers proprietary research designed to help organizations turn their aspirations into action. The euro area data shown on this page correspond to the economic and financial variables described on the International Monetary Fund's Dissemination Standards Bulletin Board (DSBB). Harmonized inflation rose in April, surprising markets on the upside by increasing to 7.0% from Marchs 6.9%. to The main risk is a possible reignition of financial turbulence in the banking sector and a subsequent spillover to financing conditions for highly indebted Mediterranean countries. (May 10), Feb 1970 The Eurozone economy grew slightly by 0.1 percent in the first quarter of 2023 after a flat fourth quarter, but missed market Q4 2022 Copyright 2023 MarketWatch, Inc. All rights reserved. The overall index, already in contractionary territory in September, fell further to a 23-month-lowit stands at 47.3, considerably below the neutral 50.0 level. Household consumption slumped 0.9 percent and gross fixed capital formation tumbled 3.6 percent, as stubbornly high inflation, rising borrowing costs, and supply chain bottlenecks hit activity and demand. ECB releases: The date published in the release calendar of Eurostat corresponds to the date the data are published by the ECB. 4. Q1 2023 Simply link your email orsocial profile and select the newsletters and alerts that matter most to you. to Joinhost Tanya Ott as she interviews influential voices discussing the businesstrends and challenges that matter most to your business today. Jan 2023 (Mar 15), Central Bank Assets for Euro Area (11-19 Countries), National Currency, The bloc's gross domestic product grew 0.1% from January to March, compared with flatlining economic growth recorded in the fourth quarter of 2022, data from the European Union's statistics agency Eurostat showed Tuesday. He isthe author of numerous publications on German and European economics, Brexit, trends in thedigital economy and globalisation. This page in: Economic. The confluence of risksfrom the energy crisis to the war in the Ukraine and high inflationhas taken its toll on business and consumer sentiment, which continue to fall. Dissemination Standards Bulletin Board (DSBB), Industrial Production Index (excluding construction), Unemployment - Rate (percentage of civilian workforce), Consumer Price Index (HICP, harmonised index), Producer Prices Index, domestic sales (excluding construction), Of which interest payable (percentage of GDP), Debt in currencies other than euro (percentage of GDP), Held by domestic creditors (percentage of GDP), Of which other financial corporations (percentage of GDP), Of which other resident sectors (percentage of GDP), Debt held by other creditors (percentage of GDP), Credit to general government in the euro area, Credit to other resident sectors in the euro area, Deposits at the Eurosystem of MFI residents in the euro area, Ten-year government bond yield on the secondary market, Predetermined short-term net drains on foreign currency assets, Template on international reserves and foreign currency liquidity (European Central Bank), Template on international reserves and foreign currency liquidity (Eurosystem), Total net international investment position, Equity and investment fund shares liabilities, Daily nominal effective exchange rate of the euro, IMF's Special Data Dissemination Standard, I understand and I accept the use of cookies, See what has changed in our privacy policy. Inflation in Europe has fallen to its slowest pace since Russia invaded Ukraine, bolstering the case for the regions central bank to bring interest rate hikes to an end Release calendar for Euro indicators - Eurostat The views expressed in this article are those of the author alone and not the World Economic Forum. Jump to section: Real sector Fiscal sector Financial sector External Data resources for research on Europe are listed below. Monthly, Growth rate same period previous year, Harmonized inflation fell in May more than market had expected, decreasing to 6.1% from Aprils 7.0% reading. Apr 2023 Request your free sample report now. Unemployment is slightly higher for women, at 6.4% in the EU in Not Seasonally Adjusted, Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for the Euro Area (19 Countries), Consumer Price Index: Harmonised Prices: All Items: Total for the Euro Area (19 Countries), Growth rate same period previous year, To do this, we use the anonymous data provided by cookies. The European Central Bank (ECB) reacted in October with a second jumbo hike of 75 basis points. Eurozone The reading was also weaker than expectations of 98.6 from economists polled by The Wall Street Journal. Economic Research: Eurozone Economic Outlook 2022 Eurozone economic outlook, December 2022 has been saved, Eurozone economic outlook, December 2022 has been removed, An Article Titled Eurozone economic outlook, December 2022 already exists in Saved items. Indicator. With the deposit rate now at 1.5%, the ECB made it clear that this is not the end of the tightening cycle, even in the context of increasing recession risks in the Eurozone economy. Annual inflation in the Eurozone is expected to be 8.9% in July. Data His expertise lies in theanalysis of economic trends and their impact on companies and the business environment. This raises the risk that sharply higher borrowing costs could tip the bloc into recession, an outcome the ECB has tried to avoid. License : CC BY-4.0. Economic growth in the eurozone accelerated in March and hit a 10-month high, according to a closely watched survey published on Friday, despite turmoil in the Private consumption in particular is under pressure and will prove to be a drag on growth going forward as consumers suffer from a loss of real income due to inflation. The Eurozones economic outlook: These 3 charts sum it up The euro area data shown on this page correspond to the economic and financial variables described on the International Monetary Fund's Dissemination Standards Bulletin Board (DSBB). Gas demand in Europe is 7% lower than the average between 2019 and 2021.3 While there is still a way to go before the goal of a 15% reduction in demand until March is met, there have been some positive developments. Make the best decisions about the future of your business with the most reliable economic intelligence. Standard users can export data in a easy to use web interface or using an excel add-in. Macro and micro data resources are accessible via the EUI Library Data Portal. Sentiment in the Eurozone fell to 96.5 in May from 99.0 in April. The reading came as only a modest surprise for investors, however, as national data earlier this week foreshadowed the drop. Web--All indicators-- This calendar uses Europe/Luxembourg time zone (CET/CEST). Economic Distribution and use of this material are governed by At the other end of the spectrum, France and Spain posted a comparably moderate inflation rate of 7%. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Aug 2022 used by wealth managers, institutional investors and fintech platforms around European Economic News Preview: Eurozone Flash Inflation Data Its an unhappy birthday for Europes central bank. Label. The Trading Economics Application Programming Interface (API) provides direct access to our data. In line with indicator 6.7 of the Code of Practice, all users have equal access to (Mar 15), Mar 1960 Consumer prices in the eurozone were 6.1% higher in May than a year earlier. Consumer sentiment shows a similar, if not worse, negative trend. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Intergovernmental lending in the context of the financial crisis is consolidated. Growth in 2021strong but unequal. Plus: Mixed data confront the Fed on jobs, and China on a A weekly update of the most important issues driving the global agenda. Q1 2023 Learn more about how we use cookies, We are always working to improve this website for our users. Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis, The euro zone beat expectations on Tuesday by posting positive growth in the final quarter of 2022 and reducing fears of a potential regional recession. 2022-08-31 Most recent value. Eurozone economy - MacroVar Not Seasonally Adjusted, National Currency, Amongst the Eurozone's largest economies, Germany registered no growth in the first quarter, while the economies of France, Italy, and Spain did expand. White label accounts can distribute our data. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Verizons stock sinks to 12-year low while Dishs shares soar after report Amazon is in talks to offer mobile plans for Prime members, Dow on track for biggest gain since January, S&P 500 near bear market exit after May jobs report, A third of workers would take a pay cut for more flexibility, Chase working to resolve issue with accidental double payments made through Zelle. PMI | S&P Global to Euro Area Archives Inflation in Germany fell to 7.6% in April from 7.8% a month earlier. One Federal Reserve Bank Plaza, Euro zone Economic to (May 10), Q1 1970 The ECBs survey of professional forecasters assumes only slight growth at 0.1% for all of 2023. German economy in recession after high prices take toll the world to identify trading and investing opportunities, strengthen advisor-client to Copy a customized link that shows your highlighted text. (May 10), Q1 1970 to Release calendar for Euro indicators - Eurostat (RTTNews) - Flash inflation from the euro area and house prices from the UK are due on Thursday, headlining a busy day for the European Inflation in the 20 nations sharing the euro eased to 6.1% in May from 7.0% in April, below expectations for 6.3% in a Reuters poll of economists. WebThe eurozone, which comprises more than half of the nations in the EU, ranks as the largest economy with a GDP of $18.45 trillion in 2011. (May 10), Jan 1970 Manufacturing has been particularly affected with declining factory output and a very low confidence level. Eurozone to 5% Inflation Is Harder. Im 62 and ready for my golden years: Ive $840K in annuities, and $870K in Roths and index funds. On the contrary, the official flash estimate for October sees inflation in the Eurozone at another record high of 10.7%, after reaching 9.9% in September. Some economists argued that the bigger than forecast drop in underlying inflation suggests that not much work is left to be done. We have a plan for your needs. The ECB is also likely to take some comfort from the slowdown in food inflation to 12.5% from 13.5% as pressures on that front were still expected to build for some time. - 2021. Inflation should resume its downward trend ahead, curbed by tighter financing conditions and cooling domestic demand. Among the larger eurozone economies, confidence fell the most in Spain, followed by Germany and Italy, while it improved in France on month. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. economy to WebEconomic Surveys of the European Union and the Euro Area (September 2021) The COVID-19 pandemic plunged the EU into its worst-ever recession and risks increasing inequalities, notably between regions. to While that is a plausible scenario, the bloc's labour market is exceptionally tight and firms, particularly in services, are reporting increasing labour shortages, an upside risk for wages and hence inflation. While Portugal and Ireland saw sharper drops in Confidence among businesses and consumers in the eurozone sank in May by more than expected, indicating that the economic revival after 2022s energy-price shock has started to fade.
eurozone economic data