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MacroVar analyzes in real-time economic, financial and geopolitical developments for Europe'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.

Europe Markets Overview

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



Europe Economic Sectors

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

Upgrade your account to get access to Europe's detailed economic sector analysis by subsectors and industries.


Sector Last Previous Trend Momentum 1-Year History M/M Q/Q Y/Y Subsectors Details
General Economic Conditions 93.7 93.2 blank blank blank 1 0 -0 blank
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 -9.1 -8.9 blank blank blank 2 -1 314 blank blank
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 4.8 4.8 blank blank blank 0 9 12 blank blank
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 -5.8 -6.1 blank blank blank -5 26 0 blank blank
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 -17.5 -18.6 blank blank blank -6 3 -30 blank
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 -6.9 -7.8 blank blank blank -12 -10 0 blank blank
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 101.8 102.3 blank blank blank -0 0 -4 blank
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.


Europe Real-Time News

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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.
08:11:23 German Foreign Ministry Spokesperson: Iranian ambassador was summoned to federal foreign office this morning.
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.

Europe Economic Calendar

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






Europe Financial Markets


MacroVar analytics monitors the following European 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%
STOXX Europe 600 STOXX 478.62 1 1 2.12697 74.0265 0 0.00331 0.04722 0.0873

Europe Macroeconomic Indicators


MacroVar analytics monitors the following Europe'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 eu.balanceoftrade 15665.9 18875.7 -17 -236 UP UP 17 2023-12-31
business confidence eu.bizconfidence -8.4 -8.7 -3 740 Down Down 95 2023-09-30
capacity utilization eu.caputilization 79.1 79.6 -1 3 Down UP 71 2023-12-31
consumer confidence eu.consconfidence -15.2 -15.8 -4 -31 UP UP 26 2024-01-31
consumer price index cpi eu.cpi 129.33 128.48 1 4 UP UP 58 2024-02-29
core inflation rate eu.coreinflationrate 3.3 3.52 -6 -50 Down Down 5 2024-02-29
exports eu.exports 200139 225982 -11 -9 Down Down 8 2023-12-31
Real GDP eu.realgdp 3458.73 3458.63 0 3 UP UP 51 2024-09-30
government budget eu.govbudget -3.3 -4.7 -30 -20 Down UP 0 2023-01-31
government debt eu.govdebt 13272700 12790600 4 50 UP UP 0 2022-12-31
government debt to gdp eu.govdebtgdp 83.5 87.4 -4 2 Down UP 0 2023-12-31
imports eu.imports 184473 207106 -11 -20 Down Down 18 2023-12-31
industrial production eu.indproduction -5.4 -5.6 -4 -357 Down Down 10 2024-02-29
industrial production mom eu.indproductionmm 0.7 -2.7 -126 -50 UP Down 71 2024-02-29
long term unemployment rate eu.ltunemploymentrate 2.1 2 5 -22 Down Down 0 2022-09-30
Producer Price Index eu.producerprices 126.6 127.8 -1 -20 Down Down 4 2024-02-29
PPI Index eu.producerpricesch -8.1 -7.9 3 -158 Down Down 30 2024-02-29
retail sales MoM eu.retailsales -0.4 0.2 -300 -20 Down UP 0 2024-02-29
retail sales yoy eu.retailsalesan -0.2 -0.6 -67 -92 UP UP 42 2024-02-29
unemployment rate eu.unemploymentrate 6 6 0 -20 Down Down 2 2022-02-28
youth unemployment rate eu.ytunemploymentrate 14.8 14.9 -1 4 UP UP 73 2024-02-29
Central Bank Assets for Euro Area eu.cb.assets 6815590 6813190 0 -1 Down Down 94 2024-03-15
3-Month London Interbank Offered Rate eu.libor
Construction sector eu.esi.constr -4.6 -2.7 70 -429 Down Down 10 2023-06-30
Consumer sector eu.esi.cons -17.2 -18.3 -6 -31 UP UP 15 2023-06-30
Manufacturing sector eu.esi.man -8.1 -6 35 -265 Down Down 13 2023-06-30
Retail sector eu.esi.ret -5.4 -4.8 13 42 Down Down 0 2023-06-30
Services sector eu.esi.serv 4.9 6 -18 -60 Down Down 48 2023-06-30
ESI - Economic Composite eu.esi.conf 93.7 93.2 1 -0 Down Down 0 2023-11-30

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