EU Economy Brief

EU Economy Brief 38/2017

OECD raised its 2017 GDP growth forecast in the euro area - 60% of euro-area large firms deem progress on structural reforms slow - Shares in Greece’s biggest banks fell by between 3.5% and 10% - US Federal Reserve detailed plans to scale back its $4.5tn balance sheet - Labour cost growth accelerated markedly in Germany and Eastern Europe more

EU Economy Brief 37/2017

Numbers of the Week Industrial production received a 0.1% uptick in the euro area in July, bouncing back from June 2016 when it had fallen by -0.6 % (Eurostat). The increase was particularly driven by Portugal (1.9%), Ireland (1.8%) and France (0.6%), the latter reaching its highest level of industrial production since 2015. (FT) Industrial … more

EU Economy Brief 36/2017

Numbers of the Week Outlook for euro-area GDP growth in 2017 received upward revision to 2.2%, compared to 1.9% in a June forecast. The projection for 2018 and 2019 remained unchanged at 1.8% and 1.7%, respectively. At the same time, the ECB dimmed its inflation outlook for the next two years to 1.2% (1.3%) and … more

EU Economy Brief 35/2017

Numbers of the Week EU unemployment remained stable at a post-crisis low of 7.7% in July 2017, the same rate as in June but down from 8.5% in July 2016. In the euro area, unemployment also remained unchanged compared to June at 9.1%, down from 10.0% a year ago. Jobless rates still differ strongly among … more

EU Economy Brief 34/2017

Production in the construction sector fell by -0.2% in the EU and -0.5% in the euro area in June. - Economic activity in the euro area gained speed again in August. - Business confidence in France has reached its highest level since 2011. - Quarterly GDP growth for the UK was confirmed at 0.3% for Q2 2017. more