Eurozone News, Economy & Financial Markets

MacroVar analyzes in real-time economic, financial and geopolitical developments for Eurozone's economy and financial markets by monitoring financial, economic data and real-time news. To help you forecast and analyze economic and financial developments, our team provides you with free explanation of the theory and structure of our models and access to financial and economic data.

Eurozone Markets Overview

Overview presents a real-time snapshot of financial and economic developments in Eurozone. The Eurozone stock market, bonds, currency and credit market dynamics are analyzed along with German macroeconomic dynamics.

Symbol	Price	1D%
DAX (GDAXI)	18012.9	0.1
Germany 10-Year Bond Yield	2.43	-0
Germany 2-year bond yield	2.9	0.2
manufacturing pmi	42.6	4
services pmi	49.3	-1

Symbol	Price	1D%
Germany 3 month T-bills	3.76	-0.1
Allianz Credit Default Swaps	73.75	9.3
Deutsche Bank Credit Default Swaps	114.5	-2.1
Commerz Bank Credit Default Swaps	86	0
Germany Credit Default Swaps	10.4	-4.5
DAX (GDAXI)	18012.9	0.1
iShares MSCI Germany ETF (EWG)	31.45	1.2
Germany 10-Year Bond Yield	2.43	-0
Germany 2-year bond yield	2.9	0.2
DAX Futures	18479	1
VDAX	0	0
FGBX 30Y German Bunds	131.66	-0.4
FGBL 10Y German Bunds	132.03	-0
German 30Y	2.58	-1
Germany 5-Year Bond Yield	0	0
Germany 2s5s	0	0

Symbol	Price	1D%
building permits	19472	16
business confidence	86.4	-1
car registrations	241883	-2
composite pmi	46.7	-2
construction pmi	37	2
consumer confidence	-25.1	-9
gdp growth annual	-0.4	-500
housing index	209.77	0
industrial production	-4.82	40
inflation cpi	3.7	16
manufacturing pmi	42.6	4
retail sales annual	-2.4	2300
services pmi	49.3	-1
unemployment rate	5.9	2
zew economic sentiment index	15.2	19
Construction - Confidence	-17.5	-4
Consumer - Confidence	-16.5	6
Manufacturing - Confidence	-15.6	5
Retail - Confidence	-18.9	-13
Services - Confidence	4.1	0
ESI - Economic Composite	89.1	-1

Eurozone Economic Sectors

Economic sectors analyzes in detail the dynamics of the German economy by economic sector and subsector based on data obtained from Eurostat. Explore MacroVar macroeconomic calculations.

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Sector

Last

Trend

Momentum

1-Year History

M/M

Q/Q

Y/Y

Subsectors

Details

General Economic Conditions

93.8

93.5

-1

Subsector	Last	Previous	Trend	Momentum	1 Year	M/M	Q/Q	Y/Y

Description

The economic sentiment indicator (ESI) is a composite indicator produced by the Directorate General for Economic and Financial Affairs (DG ECFIN) of the European Commission. Its objective is to track GDP growth at Member states, EU and euro area levels. The ESI is a weighted average of the balances of replies to selected questions addressed to firms in five sectors covered by the EU Business and Consumer Surveys and to consumers. The sectors covered are industry (weight 40 %), services (30 %), consumers (20 %), retail (5 %) and construction (5 %). Balances are constructed as the difference between the percentages of respondents giving positive and negative replies. EU and euro-area aggregates are calculated on the basis of the national results and seasonally adjusted. The ESI is scaled to a long-term mean of 100 and a standard deviation of 10. Thus, values above 100 indicate above-average economic sentiment and vice versa. Data are seasonally adjusted (SA). Further details on the construction of the ESI can be found in the user guide of the Joint Harmonised EU Programme of Business and Consumer Surveys.

Manufacturing sector

-9.5

-9.2

-4

579

Subsector	Last	Previous	Trend	Momentum	1 Year	M/M	Q/Q	Y/Y
Manufacturing of food products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of beverages - Composite	Get Premium Access to Subsector Analytics
Manufacturing of tobacco products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of textiles - Composite	Get Premium Access to Subsector Analytics
Manufacturing of wearing apparel - Composite	Get Premium Access to Subsector Analytics
Manufacturing of leather and related products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of wood products (except furniture) - Composite	Get Premium Access to Subsector Analytics
Manufacturing of paper and paper products - Composite	Get Premium Access to Subsector Analytics
Printing and recorded media - Composite	Get Premium Access to Subsector Analytics
Manufacturing of coal and petroleum products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of chemicals and chemical products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of pharmaceutical products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of rubber and plastic products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of other non-metallic mineral products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of basic metals - Composite	Get Premium Access to Subsector Analytics
Manufacturing of fabricated metal products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of computer, electronic and optical products - Composite	Get Premium Access to Subsector Analytics
Manufacturing of electrical equipment - Composite	Get Premium Access to Subsector Analytics
Manufacturing of machinery and equipment - Composite	Get Premium Access to Subsector Analytics
Manufacturing of motor vehicles, trailers - Composite	Get Premium Access to Subsector Analytics
Manufacturing of other transport equipment - Composite	Get Premium Access to Subsector Analytics
Manufacturing of furniture - Composite	Get Premium Access to Subsector Analytics
Other manufacturing - Composite	Get Premium Access to Subsector Analytics
Repair and installation of machinery & equipment - Composite	Get Premium Access to Subsector Analytics

Description
The monthly tendency survey provides a quick and up-to-date overview of actual conditions and expectations within the manufacturing industries. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized program as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission.

Services sector

4.9

4.6

Subsector	Last	Previous	Trend	Momentum	1 Year	M/M	Q/Q	Y/Y
Architectural, engineering, technical analysis - Composite	Get Premium Access to Subsector Analytics
Land transport & transport via pipelines - Composite	Get Premium Access to Subsector Analytics
Water transport - Composite	Get Premium Access to Subsector Analytics
Air transport - Composite	Get Premium Access to Subsector Analytics
Warehousing and Support activities - Composite	Get Premium Access to Subsector Analytics
Postal and courier activities - Composite	Get Premium Access to Subsector Analytics
Accommodation - Composite	Get Premium Access to Subsector Analytics
Food & Beverage Service activities - Composite	Get Premium Access to Subsector Analytics
Publishing activities - Composite	Get Premium Access to Subsector Analytics
Video, TV, Sound, Music Activities - Composite	Get Premium Access to Subsector Analytics
Programming & broadcasting activities - Composite	Get Premium Access to Subsector Analytics
Telecommunications - Composite	Get Premium Access to Subsector Analytics
Computer programming & consulting - Composite	Get Premium Access to Subsector Analytics
Information Service activities - Composite	Get Premium Access to Subsector Analytics
Financial service activities (insurance & pension funds excluded) - Composite	Get Premium Access to Subsector Analytics
Insurance, reinsurance, pension funding - Composite	Get Premium Access to Subsector Analytics
Support Financial Services & Insurance Activities - Composite	Get Premium Access to Subsector Analytics
Real estate activities - Composite	Get Premium Access to Subsector Analytics
Legal & Accounting activities - Composite	Get Premium Access to Subsector Analytics
Management, Consulting and Administration Activities - Composite	Get Premium Access to Subsector Analytics
Scientific research & development - Composite	Get Premium Access to Subsector Analytics
Advertising & market research - Composite	Get Premium Access to Subsector Analytics
Other professional, scientific & technical activities - Composite	Get Premium Access to Subsector Analytics
Veterinary activities - Composite	Get Premium Access to Subsector Analytics
Rental & leasing activities - Composite	Get Premium Access to Subsector Analytics
Employment activities - Composite	Get Premium Access to Subsector Analytics
Travel services - Composite	Get Premium Access to Subsector Analytics
Security & investigation activities - Composite	Get Premium Access to Subsector Analytics
Buildings and landscape services - Composite	Get Premium Access to Subsector Analytics
Admnistration, office support, business support activities - Composite	Get Premium Access to Subsector Analytics
Creative, arts & entertainment activities - Composite	Get Premium Access to Subsector Analytics
Libraries, Archives, Museums, Cultural activities - Composite	Get Premium Access to Subsector Analytics
Gambling & betting activities - Composite	Get Premium Access to Subsector Analytics
Sports activities, amusement activities - Composite	Get Premium Access to Subsector Analytics
Membership organisations activities - Composite	Get Premium Access to Subsector Analytics
Repair of personal and household goods - Composite	Get Premium Access to Subsector Analytics
Other personal service activities - Composite	Get Premium Access to Subsector Analytics

Description

The monthly tendency survey provides a quick and up-to-date overview of actual conditions and expectations within the Services. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized programme as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission. Within same programme is also carried out monthly tendency surveys on Manufacturing Industries, Construction, Retail Trade and Consumer expectations as well as the biannual survey on Manufacturing Industry Investments.

Retail sector

-7.0

-7.4

-5

Subsector	Last	Previous	Trend	Momentum	1 Year	M/M	Q/Q	Y/Y
Trade & repair of motor vehicles & motorcycles - Composite	Get Premium Access to Subsector Analytics
Sale of motor vehicles - Composite	Get Premium Access to Subsector Analytics
Maintenance of motor vehicles & sale of accessories - Composite	Get Premium Access to Subsector Analytics
Retail trade (motor vehicles & motorcycles excluded) - Composite	Get Premium Access to Subsector Analytics
Retail sale of Food, Beverages, Tobacco - Composite	Get Premium Access to Subsector Analytics
Retail sale of automotive fuel - Composite	Get Premium Access to Subsector Analytics
Retail sale of other goods - Composite	Get Premium Access to Subsector Analytics

Description

The monthly tendency survey provides a quick and up-to-date overview of actual conditions and expectations within the retail trade. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized programme as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission. Within same programme is also carried out monthly tendency surveys on Manufacturing Industries, Construction, Services and Consumer expectations as well as the biannual survey on Manufacturing Industry Investments.

Consumer sector

-16.9

-17.8

-5

-29

Subsector	Last	Previous	Trend	Momentum	1 Year	M/M	Q/Q	Y/Y

Description

The purpose of the tendency survey for the consumer industry is to provide a fast and up-to-date picture of conditions and expectations in the consumer industry. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized programme as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission. Within same programme is also carried out monthly tendency surveys on Manufacturing Industries, Construction, Services and Consumer expectations as well as the biannual survey on Manufacturing Industry Investments.

Construction sector

-4.8

-5.5

-13

-9

-278

Subsector	Last	Previous	Trend	Momentum	1 Year	M/M	Q/Q	Y/Y
Construction of buildings - Composite	Get Premium Access to Subsector Analytics
Civil engineering - Composite	Get Premium Access to Subsector Analytics
Specialised construction activities - Composite	Get Premium Access to Subsector Analytics

Description

The purpose of the tendency survey for the construction industry is to provide a fast and up-to-date picture of conditions and expectations in the construction industry. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized programme as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission. Within same programme is also carried out monthly tendency surveys on Manufacturing Industries, Construction, Services and Consumer expectations as well as the biannual survey on Manufacturing Industry Investments.

Employment dynamics

102.1

102.8

-1

-0

-4

Subsector	Last	Previous	Trend	Momentum	1 Year	M/M	Q/Q	Y/Y

Description
The purpose of the tendency survey for employment is to provide a fast and up-to-date picture of conditions and expectations in employment for the country. The survey is directly connected to and defined by the Business and Consumer Survey joint harmonized programme as managed by the Directorate-Generale for Economic and Financial Affairs (DG ECFIN), European Commission.

Eurozone Real-Time News

Newsflow

Time	Headlines	See All News >>
08:11:29	Germany in a new push to get China behind Ukraine peace efforts - WSJ.
08:11:24	ECB’s Lane: Near-term inflation is to fluctuate near the current level.
08:11:24	ECB’s Lane: Even if the near-term inflation outlook is somewhat bumpy, the projected convergence of inflation to the target in 2025 will be underpinned.
08:11:24	ECB’s Lane: Deceleration in wage growth is necessary in order for services inflation to converge to a rate that is consistent with meeting the two per cent target.
08:11:24	ECB’s Lane: While service inflation should decline somewhat in the near term, it is expected to remain relatively elevated for most of this year.
08:11:24	ECB's Lane: There has been much less progress in relation to domestic inflation compared to broader inflation measures.
08:11:24	Stocks Climb in Return Calm as Oil Prices Decline - Europe Market Wrap
08:11:23	ECB's Kazimir: ECB is not committing to any policy path beyond June.
08:11:23	ECB's Kazimir: Economic recovery is taking hold and will accelerate in H2.
08:11:23	ECB's Kazimir: The door is opening for first interest-rate cut in June.
08:11:23	ECB's Rehn: The key ECB interest rates can be lowered in June if inflation slows as expected.
08:11:22	Eurozone Industrial Production February 2024 Full Report
08:11:22	Eurozone Industrial Production YoY Actual -6.4% (Forecast -5.5%, Previous -6.7%)
08:11:22	Eurozone Industrial Production MoM Actual 0.8% (Forecast 0.8%, Previous -3.2%)
08:11:22	ECB Survey of Monetary Analysts - April 2024
08:11:21	ECB's Simkus: Geopolitical shocks such as an escalation in the Israel and Iran conflict could cancel the June rate cut.
08:11:21	ECB's Simkus: I see a chance of a July rate cut following the move in June.
08:11:21	ECB's Simkus: ECB rates will come down both this year and next.
08:11:21	ECB's Simkus: Geopolitival shocks such as an escalation in the Israel and Iran conflict could cancel the June rate cut.
08:11:21	ECB's Simkus: I see a chance of July rate cut following the move in June.

Eurozone Economic Calendar

Economic calendar presents real-time updates for actual, forecasts and consensus values of economic indicators and updates related to the German economy.

Time	Event	Actual	Forecast	Previous
17:00	Eurozone Consumer Confidence Flash	-	-14.3	-14.9
11:00	Eurozone Composite PMI Flash	-	50.8	50.3
11:00	Eurozone Mfg PMI Flash	-	46.5	46.1
11:00	Eurozone Services PMI Flash	-	51.9	51.5
11:00	ECB Publishes Economic Bulletin	-	-	-
11:00	Eurozone Loans to Households	-	-	0.3%
11:00	Eurozone Loans to Non Financial Firms	-	-	0.4%
11:00	Eurozone Money-M3 Annual Growth	-	0.6%	0.4%
11:00	ECB 1 Year CPI Expectations	-	-	3.1%
11:00	ECB 3 Year CPI Expectations	-	-	2.5%

Eurozone Financial Markets

MacroVar analytics monitors the following German financial markets. MacroVar models monitor a vast of financial and macroeconomic factors affecting each financial market. Click on a specific financial market to get detailed analysis.

Market	Symbol	Last	Mom	Trend	Exh	RSI	1D%	1W%	1M%	1Y%
Eurozone ETF	EZU	41.38	0.5	-1	-1.89076	47.7635	0.00681	0.01721	0.00048	0.17523
EUR/USD - Euro US Dollar	EURUSD	0.9415	-0.5	1	1.09578	47.4366	-0.00486	-0.00549	-0.00665	-0.02577

Eurozone Macroeconomic Indicators

MacroVar analytics monitors the following Eurozone's economic indicators. Click on a specific macroeconomic indicator to get detailed analysis.

Indicator	Symbol	Actual	Previous	M/M%	Y/Y%	Trend	Slope	Percentile	Update
balance of trade	ea.balanceoftrade	9971	5925	68	-134	UP	UP	23	2023-10-31
bank lending rate	ea.banks.lendingrate	5.18	4.95	5	189	UP	UP	100	2023-06-30
business confidence	ea.bizconfidence	-0.3	-0.41	-27	-116	Down	Down	35	2022-07-31
capacity utilization	ea.caputilization	79.2	79.6	-1	2	Down	UP	60	2024-03-31
capital flows	ea.capitalflows	11.94	1.3	818	497	Down	UP	97	2024-02-29
car registrations	ea.carregistrations	778668	771857	1	105502	UP	UP	98	2024-02-29
central bank balance sheet	ea.cb.assets	6596670	6585350	0	-4	Down	Down	33	2029-05-31
composite pmi	ea.comppmi	49.9	49.2	1	-8	UP	Down	21	2024-04-30
construction pmi	ea.constrpmi	42.4	42.9	-1	-6	Down	Down	40	2024-03-31
consumer confidence	ea.consconfidence	-14.9	-15.5	-4	-22	UP	UP	33	2024-02-29
consumer confidence price trends	ea.consconfidence.trends	12.3	15.4	-20	-34	UP	Down	27	2024-03-31
consumer price index cpi	ea.cpi	125.33	124.38	1	2	UP	UP	45	2024-03-31
core inflation rate	ea.coreinflationrate	2.9	3.1	-6	-48	Down	Down	10	2024-02-29
current account	ea.currentaccount	31.64	24.76	28	201	UP	UP	93	2024-02-29
current account to gdp	ea.currentaccountgdp	1.9	-0.5	-480	90	Down	UP	0	2024-01-31
deposit interest rate	ea.depositrate	3.75	3.5	7	0	UP	UP	0	2023-07-27
exports	ea.exports	235003	225693	4	1	Down	UP	43	2024-02-29
external debt	ea.externaldebt	16042700	16057700	-0	8	UP	UP	43	2023-12-31
foreign exchange reserves	ea.fxreserves	87.01	87.4	-0	3	UP	UP	36	2024-01-31
gdp	ea.gdp	14136.2	14686	-4	4	UP	UP	0	2023-12-31
Real GDP	ea.realgdp	2950.08	2951.47	-0	6	UP	UP	75	2024-06-30
gdp growth	ea.gdpgrowth	0	-0.1	-100	-100	Down	UP	30	2024-03-31
gdp growth annual	ea.gdpgrowthan	0	0.1	-100	-100	Down	UP	38	2024-03-31
gold reserves	ea.goldres	506.52	504.77	0	0	UP	UP	57	2023-03-31
government budget	ea.govbudget	-3.6	-5.3	-32	-42	Down	UP	0	2022-01-31
government debt	ea.govdebt	12260600	11813900	4	52	UP	UP	0	2022-01-31
government debt to gdp	ea.govdebtgdp	90.9	94.7	-4	4	Down	UP	0	2023-01-31
housing index	ea.housingindex	142.11	143.11	-1	12	UP	UP	61	2023-12-31
imports	ea.imports	225800	214958	5	-23	Down	Down	7	2023-09-30
industrial production	ea.indproduction	-6.4	-6.6	-3	-476	Down	Down	8	2024-02-29
industrial production mom	ea.indproductionmm	0.8	-3	-127	-56	UP	Down	65	2024-02-29
inflation cpi	ea.inflationcpi	2.4	2.6	-8	-72	Down	Down	27	2024-02-29
interbank rate	ea.interbankrate	3.799	3.781	0	2	UP	UP	45	2023-08-14
interest rate	ea.interestrate	4.25	4	6	750	UP	UP	0	2023-07-27
lending rate	ea.lendingrate	4.5	4.5	0	6	UP	UP	79	2023-08-15
loan growth	ea.loangrowth	0.5	0.6	-17	-88	Down	Down	2	2023-11-30
loans to private sector	ea.loanprivate	5131130	5127890	0	-0	Down	Down	9	2024-02-29
long term unemployment rate	ea.ltunemploymentrate	2.3	2.3	0	-34	Down	Down	8	2022-03-31
Manufacturing PMI	ea.manpmi	46.1	46.5	-1	1	UP	UP	68	2024-04-30
money supply m1	ea.msm1	10248600	10262400	-0	-8	Down	Down	13	2024-02-29
money supply m2	ea.msm2	15105900	15070800	0	-1	UP	Down	11	2024-02-29
money supply m3	ea.msm3	16118100	16090900	0	0	UP	UP	11	2024-02-29
Producer Price Index	ea.producerprices	125.2	126.5	-1	-20	Down	Down	4	2024-02-29
PPI Index	ea.producerpricesch	-8.3	-8	4	-165	Down	Down	28	2024-02-29
retail sales MoM	ea.retailsales	-0.5	0	0	67	Down	Down	0	2024-02-29
retail sales	ea.retailsalesan	-0.7	-0.9	-22	-71	UP	UP	57	2024-02-29
services pmi	ea.servpmi	51.1	50.2	2	-9	UP	Down	27	2024-04-30
unemployment rate	ea.unemploymentrate	6.5	6.5	0	-2	UP	Down	77	2024-01-31
youth unemployment rate	ea.ytunemploymentrate	14.6	14.6	0	4	UP	UP	74	2024-02-29
zew economic sentiment index	ea.zewsentiment	43.9	33.5	31	339	UP	UP	93	2024-03-31
zew economic current index	ea.zewcurrent	45.2	47.2	-4.24	-13.08	-100.0	-100.0	0	2019-07-31
Construction Confidence	ea.esi.constr	-4.8	-5.5	-1300	-27800	Down	Down	1300	2024-01-22
Consumer Confidence	ea.esi.cons	-16.9	-17.8	-500	-2900	UP	UP	2500	2024-01-22
Industrial Confidence	ea.esi.man	-9.5	-9.2	300	57900	Down	Down	9200	2024-01-22
Retail Confidence	ea.esi.ret	-7	-7.4	-500	2300	Down	Down	8000	2024-01-22
Services Confidence	ea.esi.serv	4.9	4.6	700	2300	Down	UP	9500	2024-01-22
ESI - Economic Composite	ea.esi.conf	95.3	96.4	-1	-8	Down	Down	33	2023-06-30

Eurozone News, Economy & Financial Markets

Eurozone Markets Overview

Eurozone Economic Sectors

Eurozone Real-Time News

Newsflow

Eurozone Economic Calendar

Eurozone Financial Markets

Eurozone Macroeconomic Indicators

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