Eurozone: Weak Q1 confirmed

The PMI indexes suggest that business activity in the Eurozone is expected to remain weak in Q1 2019.

Eurozone: Confidence will be essential for future growth

Preliminary GDP data confirmed that the Eurozone economy ended 2018 on a weak note. While fundamentals remain positive: the labor market continues to expand and financial and monetary conditions remain accomodative, elevated uncertainty is likely to weigh on economic activity in 2019. We expect GDP growth to slowdown to +1.6% in 2019 from +1.8% in 2018. Risks to our forecast remain on the downside. 

Italy: Recession confirmed, bleak growth outlook for 2019

The Italian economy slipped into recession in late 2018 - the third one since 2008. In particular, the budget dispute with the EU Commission weighed on economic activity last year.

EMU: No sign of a recovery at start of 2019

The increased risks associated with Brexit, the trade dispute, political protests in France and problems in the automotive sector once again put the brakes on the EMU economy in January.

Euro Area: Downward trend continues

Sentiment indicators for the eurozone continued to decline in November. So far, slower economic momentum in the eurozone has been primarily attributed to the unfavorable development of industry. However, the service sector - the backbone of the current upswing - is far from enjoying immunity and increasingly coming under pressure.

Economic growth slows further

With today’s GDP figures, eurozone growth of just over 2% should still be achievable. 

Moderate start to H2 2018

Today's sentiment indicators for the eurozone economy point to a moderate start to the second half of 2018.

Longer soft-patch?

The purchasing managers' indices published today fuel doubts about a significant economic acceleration in the second quarter.

Just an economic soft-patch, not the end of the upswing!

Today’s stabilization in eurozone purchasing managers' indices (PMI) is reassuring after recent economic indicators for the region came in below expectations pointing to a marked deceleration in economic momentum.