Eurozone Economy

Eurozone’s gdp growth annual decreased to -4.3 by -70.75% on July 2020 from -14.7 in the previous Quarterly. On a year on year basis Eurozone’s gdp growth annual decreased by -243.33%. Eurozone’s gdp growth annual trend is down since the current value of -4.3 is lower than the 12 month moving average of -0.525.Eurozone’s inflation cpi icnreased to -0.3 by 50.0% on September 2020 from -0.2 in the previous Monthly. On a year on year basis Eurozone’s inflation cpi decreased by -137.5%. Eurozone’s inflation cpi trend is down since the current value of -0.3 is lower than the 12 month moving average of 0.575.Eurozone’s unemployment rate decreased to 8.4 by -1.18% on October 2020 from 8.5 in the previous Monthly. On a year on year basis Eurozone’s unemployment rate increased by 13.51%. Eurozone’s unemployment rate trend is down since the current value of 8.4 is lower than the 12 month moving average of 7.80833.

Eurozone Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
STOXX Europe 600 STOXX 462.77 -1 -0.25 0.69391 36.7305 -0.00574 -0.00276 -0.04276 0.17708
Eurozone ETF EZU 44.77 0.5 -0.5 -1.54835 56.7972 0.03467 0.02613 0.06216 -0.03596
EUR/USD - Euro US Dollar EURUSD 0.9019 0 0.75 1.59231 48.7867 -0.00912 -0.00507 0.00345 0.07343

Euro Stoxx 50 closed up by 0.01781% to 3611.0 on 23 January 2021 and +0.00829% on a weekly basis. Euro Stoxx 50 momentum was last calculated at +1.0/100 indicating positive momentum. Euro Stoxx 50 trend is +0.75/100 indicating a positive trend. Euro Stoxx 50 momentum exhaustion is 1.11869 indicating Euro Stoxx 50 is oversold.Eurozone ETF closed up by 0.00583% to 44.86 on 23 January 2021 and +0.00786% on a weekly basis. Eurozone ETF momentum was last calculated at +1.0/100 indicating positive momentum. Eurozone ETF trend is +1.0/100 indicating a positive trend. Eurozone ETF momentum exhaustion is 1.6079 indicating Eurozone ETF is oversold.EUR/USD – Euro US Dollar closed up by 0.0033% to 0.8213 on 23 January 2021 and +0.00134% on a weekly basis. EUR/USD – Euro US Dollar momentum was last calculated at +0.0/100 indicating positive momentum. EUR/USD – Euro US Dollar trend is -0.75/100 indicating a negative trend. EUR/USD – Euro US Dollar momentum exhaustion is -1.59048 indicating EUR/USD – Euro US Dollar is oversold.

Eurozone Macroeconomic model

MacroVar Eurozone Macro model analyzes economic growth and inflation to assess the current economic conditions. Economic growth and inflation expectations are the
two most important economic indicators used to assess economic conditions, forecast financial market returns and policymaker response. Eurozone’s current macroeconomic conditions are analyzed below the chart. Click here to learn more about MacroVar Macro model and the leading economic indicators used for analysis.

Eurozone Macro Model

 

Eurozone News

Eurozone Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual -1.3 -4.7 -0.723404 -1.52 1.0 -1.0 0.283333 2021-01-01
inflation cpi 8.1 7.4 9.46 326.32 UP UP 100 2022-05-26
unemployment rate 7.9 8.1 -0.0246914 0.0533333 -1.0 1.0 0.816667 2021-05-31
Business & Consumer Forecast Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
ESI - Economic Composite 110.3 100.9 0.0931615 0.626844 1.0 1.0 1 2021-04-01
manufacturing pmi 52 54.6 -4.76 -17.98 Down Down 39.17 2022-06-23
services pmi 52.8 56.1 -5.88 -9.43 Down Down 41.67 2022-06-23
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 11107700 9937020 0.11781 0.818407 1.0 1.0 0 2019-01-31
government debt to gdp 95.6 97.2 -1.65 26.29 UP UP 0 2022-04-29
external debt 15138500 15182100 -0.0028718 0.101727 1.0 1.0 0 2020-05-01
foreign exchange reserves 80.52 81.69 -1.43 14.68 UP UP 98.33 2022-06-22
gold reserves 504.77 504.77 0 0 -1.0 -1.0 0.483333 2020-08-01
Trade Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account -5.4 8.66 -162.36 -116.63 Down Down 5 2022-06-22
current account to gdp 3 3.1 -0.0322581 -2.66667 1.0 1.0 0 2020-01-31
Monetary Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate 0.05 0.05 0 0 1.0 -1.0 0.791667 2016-03-09
central bank balance sheet 8827940 8820940 0.08 1.47 UP UP 100 2022-06-22
money supply m2 14962300 14918700 0.29 6.55 UP UP 100 2022-05-26
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update

Eurozone’s gdp growth annual decreased to -4.3 by -70.75% on July 2020 from -14.7 in the previous Quarterly. On a year on year basis Eurozone’s gdp growth annual decreased by -243.33%. Eurozone’s gdp growth annual trend is down since the current value of -4.3 is lower than the 12 month moving average of -0.525.Eurozone’s inflation cpi icnreased to -0.3 by 50.0% on September 2020 from -0.2 in the previous Monthly. On a year on year basis Eurozone’s inflation cpi decreased by -137.5%. Eurozone’s inflation cpi trend is down since the current value of -0.3 is lower than the 12 month moving average of 0.575.Eurozone’s unemployment rate decreased to 8.4 by -1.18% on October 2020 from 8.5 in the previous Monthly. On a year on year basis Eurozone’s unemployment rate increased by 13.51%. Eurozone’s unemployment rate trend is down since the current value of 8.4 is lower than the 12 month moving average of 7.80833.Eurozone’s manufacturing pmi icnreased to 55.2 by 2.6% on December 2020 from 53.8 in the previous Monthly. On a year on year basis Eurozone’s manufacturing pmi increased by 19.22%. Eurozone’s manufacturing pmi trend is down since the current value of 55.2 is lower than the 12 month moving average of 48.5667.Eurozone’s services pmi icnreased to 47.3 by 13.43% on December 2020 from 41.7 in the previous Monthly. On a year on year basis Eurozone’s services pmi decreased by -10.42%. Eurozone’s services pmi trend is down since the current value of 47.3 is lower than the 12 month moving average of 42.6167.Eurozone’s composite pmi icnreased to 49.8 by 9.93% on December 2020 from 45.3 in the previous Monthly. On a year on year basis Eurozone’s composite pmi decreased by -2.16%. Eurozone’s composite pmi trend is down since the current value of 49.8 is lower than the 12 month moving average of 44.075.Eurozone’s construction pmi icnreased to 45.6 by 1.56% on November 2020 from 44.9 in the previous Monthly. On a year on year basis Eurozone’s construction pmi decreased by -9.88%. Eurozone’s construction pmi trend is down since the current value of 45.6 is lower than the 12 month moving average of 43.9.Eurozone’s business confidence decreased to -0.63 by -13.7% on November 2020 from -0.73 in the previous Monthly. On a year on year basis Eurozone’s business confidence increased by 293.75%. Eurozone’s business confidence trend is down since the current value of -0.63 is lower than the 12 month moving average of -1.07917.Eurozone’s consumer confidence decreased to -13.9 by -21.02% on December 2020 from -17.6 in the previous Monthly. On a year on year basis Eurozone’s consumer confidence increased by 71.6%. Eurozone’s consumer confidence trend is down since the current value of -13.9 is lower than the 12 month moving average of -14.3667.

 

Eurozone Business activity

Business Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
business confidence 1.26 1.98 -36.36 -13.1 Down Down 60 2022-06-06
ESI - Economic Composite 110.3 100.9 0.0931615 0.626844 1.0 1.0 1 2021-04-01
manufacturing pmi 52 54.6 -4.76 -17.98 Down Down 39.17 2022-06-23
services pmi 52.8 56.1 -5.88 -9.43 Down Down 41.67 2022-06-23
composite pmi 51.9 54.8 -5.29 -12.77 Down Down 38.33 2022-06-23
zew economic current index 45.2 47.2 -4.24 -13.08 -1.0 -1.0 0 2021-01-12
zew economic sentiment index -28 -29.5 -5.08 -134.44 Down Down 10 2022-06-16
Manufacturing sector 10.7 2.1 4.09524 -1.32923 1.0 1.0 0.383333 2021-04-01
Consumer sector -8.1 -10.8 -0.25 -0.630137 1.0 1.0 0.0166667 2021-04-01
Construction sector 2.9 -2.3 -2.26087 -1.1859 1.0 1.0 0.383333 2021-04-01
Retail sector -3.1 -12.2 -0.745902 -0.89701 1.0 1.0 0.45 2021-04-01
Services sector 2.1 -9.6 -1.21875 -1.0544 1.0 1.0 0.216667 2021-04-01

Eurozone’s business confidence decreased to -0.63 by -13.7% on November 2020 from -0.73 in the previous Monthly. On a year on year basis Eurozone’s business confidence increased by 293.75%. Eurozone’s business confidence trend is down since the current value of -0.63 is lower than the 12 month moving average of -1.07917.Eurozone’s ESI – Economic Composite decreased to 87.6 by -384.0% on January 2021 from 91.1 in the previous . On a year on year basis Eurozone’s ESI – Economic Composite decreased by -1301.0%. Eurozone’s ESI – Economic Composite trend is down since the current value of 87.6 is lower than the 12 month moving average of 87.3917.Eurozone’s manufacturing pmi icnreased to 55.2 by 2.6% on December 2020 from 53.8 in the previous Monthly. On a year on year basis Eurozone’s manufacturing pmi increased by 19.22%. Eurozone’s manufacturing pmi trend is down since the current value of 55.2 is lower than the 12 month moving average of 48.5667.Eurozone’s services pmi icnreased to 47.3 by 13.43% on December 2020 from 41.7 in the previous Monthly. On a year on year basis Eurozone’s services pmi decreased by -10.42%. Eurozone’s services pmi trend is down since the current value of 47.3 is lower than the 12 month moving average of 42.6167.Eurozone’s composite pmi icnreased to 49.8 by 9.93% on December 2020 from 45.3 in the previous Monthly. On a year on year basis Eurozone’s composite pmi decreased by -2.16%. Eurozone’s composite pmi trend is down since the current value of 49.8 is lower than the 12 month moving average of 44.075.Eurozone’s zew economic current index decreased to 45.2 by -424.0% on January 2021 from 47.2 in the previous Monthly. On a year on year basis Eurozone’s zew economic current index decreased by -1308.0%. Eurozone’s zew economic current index trend is down since the current value of 45.2 is lower than the 12 month moving average of 48.5083.Eurozone’s zew economic sentiment index icnreased to 54.4 by 65.85% on December 2020 from 32.8 in the previous Monthly. On a year on year basis Eurozone’s zew economic sentiment index increased by 385.71%. Eurozone’s zew economic sentiment index trend is down since the current value of 54.4 is lower than the 12 month moving average of 37.775.Eurozone’s Manufacturing sector icnreased to -10.1 by 978.0% on January 2021 from -9.2 in the previous . On a year on year basis Eurozone’s Manufacturing sector increased by 1348.0%. Eurozone’s Manufacturing sector trend is down since the current value of -10.1 is lower than the 12 month moving average of -14.5833.Eurozone’s Consumer sector icnreased to -17.6 by 1355.0% on January 2021 from -15.5 in the previous . On a year on year basis Eurozone’s Consumer sector increased by 14444.0%. Eurozone’s Consumer sector trend is down since the current value of -17.6 is lower than the 12 month moving average of -13.8833.Eurozone’s Construction sector icnreased to -9.0 by 1250.0% on January 2021 from -8.0 in the previous . On a year on year basis Eurozone’s Construction sector decreased by -32500.0%. Eurozone’s Construction sector trend is down since the current value of -9.0 is lower than the 12 month moving average of -6.58333.Eurozone’s Retail sector icnreased to -12.7 by 8406.0% on January 2021 from -6.9 in the previous . On a year on year basis Eurozone’s Retail sector increased by 625000.0%. Eurozone’s Retail sector trend is down since the current value of -12.7 is lower than the 12 month moving average of -11.775.Eurozone’s Services sector icnreased to -17.3 by 4298.0% on January 2021 from -12.1 in the previous . On a year on year basis Eurozone’s Services sector decreased by -28804.0%. Eurozone’s Services sector trend is down since the current value of -17.3 is lower than the 12 month moving average of -14.2167.

Eurozone Consumer activity

Consumer Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
consumer confidence -23.6 -21.1 11.85 615.15 Down Down 1.67 2022-06-24
car registrations 592 581.19 1.86 -16.67 Down Down 10 2022-06-22
Consumer - General economic situation (next 12 months) -9.8 -16.6 -0.409639 -0.812261 1.0 1.0 0.3 2021-04-01
Consumer - Financial situation (next 12 months) 1.2 -1.1 -2.09091 -1.10345 1.0 1.0 0.433333 2021-04-01
Consumer - Price trends (next 12 months) 19.6 18.6 0.0537634 -0.340067 1.0 -1.0 0.05 2021-04-01
Consumer - Unemployment expectations (next 12 months) 37.3 41.2 -0.0946602 -0.392508 -1.0 -1.0 0.366667 2021-04-01
Consumer - Major purchases (next 12 months) -12.8 -14.1 -0.0921986 -0.384615 1.0 1.0 0.0166667 2021-04-01
Consumer - Savings (next 12 months) 7.3 6.3 0.15873 -9.11111 1.0 1.0 0.0833333 2021-04-01
Consumer - Households Financial situation 19.6 20.3 -0.0344828 0.232704 1.0 1.0 0.966667 2021-04-01

Eurozone’s consumer confidence decreased to -13.9 by -21.02% on December 2020 from -17.6 in the previous Monthly. On a year on year basis Eurozone’s consumer confidence increased by 71.6%. Eurozone’s consumer confidence trend is down since the current value of -13.9 is lower than the 12 month moving average of -14.3667.Eurozone’s car registrations decreased to 822.17 by -8.7% on November 2020 from 900.54 in the previous Monthly. On a year on year basis Eurozone’s car registrations decreased by -12.01%. Eurozone’s car registrations trend is down since the current value of 822.17 is lower than the 12 month moving average of 733.933.Eurozone’s Consumer – General economic situation (next 12 months) icnreased to -35.7 by 1782.0% on January 2021 from -30.3 in the previous . On a year on year basis Eurozone’s Consumer – General economic situation (next 12 months) increased by 14965.0%. Eurozone’s Consumer – General economic situation (next 12 months) trend is down since the current value of -35.7 is lower than the 12 month moving average of -29.1583.Eurozone’s Consumer – Financial situation (next 12 months) icnreased to -5.9 by 4390.0% on January 2021 from -4.1 in the previous . On a year on year basis Eurozone’s Consumer – Financial situation (next 12 months) decreased by -41053.0%. Eurozone’s Consumer – Financial situation (next 12 months) trend is down since the current value of -5.9 is lower than the 12 month moving average of -3.58333.Eurozone’s Consumer – Price trends (next 12 months) icnreased to 15.4 by 1579.0% on January 2021 from 13.3 in the previous . On a year on year basis Eurozone’s Consumer – Price trends (next 12 months) decreased by -2062.0%. Eurozone’s Consumer – Price trends (next 12 months) trend is down since the current value of 15.4 is lower than the 12 month moving average of 20.0167.Eurozone’s Consumer – Unemployment expectations (next 12 months) icnreased to 56.9 by 900.0% on January 2021 from 52.2 in the previous . On a year on year basis Eurozone’s Consumer – Unemployment expectations (next 12 months) increased by 26710.0%. Eurozone’s Consumer – Unemployment expectations (next 12 months) trend is down since the current value of 56.9 is lower than the 12 month moving average of 41.65.Eurozone’s Consumer – Major purchases (next 12 months) icnreased to -18.3 by 457.0% on January 2021 from -17.5 in the previous . On a year on year basis Eurozone’s Consumer – Major purchases (next 12 months) increased by 4077.0%. Eurozone’s Consumer – Major purchases (next 12 months) trend is down since the current value of -18.3 is lower than the 12 month moving average of -16.025.Eurozone’s Consumer – Savings (next 12 months) icnreased to 3.9 by 3929.0% on January 2021 from 2.8 in the previous . On a year on year basis Eurozone’s Consumer – Savings (next 12 months) decreased by -107500.0%. Eurozone’s Consumer – Savings (next 12 months) trend is down since the current value of 3.9 is lower than the 12 month moving average of 1.04167.Eurozone’s Consumer – Households Financial situation decreased to 16.9 by -663.0% on January 2021 from 18.1 in the previous . On a year on year basis Eurozone’s Consumer – Households Financial situation increased by 368.0%. Eurozone’s Consumer – Households Financial situation trend is down since the current value of 16.9 is lower than the 12 month moving average of 16.9083.

Eurozone Manufacturing activity

Manufacturing Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 52 54.6 -4.76 -17.98 Down Down 39.17 2022-06-23
Manufacturing sector 10.7 2.1 4.09524 -1.32923 1.0 1.0 0.383333 2021-04-01
Manufacturing - Order Books -0.4 -12.1 -0.966942 -0.989924 1.0 1.0 0.416667 2021-04-01
Manufacturing - Selling Price expectations (next months) 24.1 17.5 0.377143 -4.17105 1.0 1.0 0.0833333 2021-04-01
Manufacturing - Production trend (recent months) 19.5 6.2 2.14516 -1.63107 1.0 1.0 0.166667 2021-04-01
Manufacturing - Export Order Books -5.3 -15.8 -0.664557 -0.87381 1.0 1.0 0.466667 2021-04-01
Manufacturing - Finished Products (Stock Levels) -2.9 -0.6 3.83333 -1.27358 -1.0 -1.0 0.0166667 2021-04-01
Manufacturing - Production expectations (next months) 29.7 17.8 0.668539 -1.62658 1.0 1.0 0.1 2021-04-01
industrial production -2 -0.5 300 -109.35 Down Down 26.67 2022-06-16
industrial production mom -1.8 0.5 -460 80 Down Down 6.67 2022-06-15
capacity utilization 82.6 81.9 0.85 -0.24 UP Down 75.83 2022-05-04

Eurozone’s manufacturing pmi icnreased to 55.2 by 2.6% on December 2020 from 53.8 in the previous Monthly. On a year on year basis Eurozone’s manufacturing pmi increased by 19.22%. Eurozone’s manufacturing pmi trend is down since the current value of 55.2 is lower than the 12 month moving average of 48.5667.Eurozone’s Manufacturing sector icnreased to -10.1 by 978.0% on January 2021 from -9.2 in the previous . On a year on year basis Eurozone’s Manufacturing sector increased by 1348.0%. Eurozone’s Manufacturing sector trend is down since the current value of -10.1 is lower than the 12 month moving average of -14.5833.Eurozone’s Manufacturing – Order Books decreased to -26.2 by -871.0% on January 2021 from -28.7 in the previous . On a year on year basis Eurozone’s Manufacturing – Order Books increased by 5595.0%. Eurozone’s Manufacturing – Order Books trend is down since the current value of -26.2 is lower than the 12 month moving average of -31.375.Eurozone’s Manufacturing – Selling Price expectations (next months) decreased to 0.2 by -7143.0% on January 2021 from 0.7 in the previous . On a year on year basis Eurozone’s Manufacturing – Selling Price expectations (next months) decreased by -7500.0%. Eurozone’s Manufacturing – Selling Price expectations (next months) trend is down since the current value of 0.2 is lower than the 12 month moving average of -1.325.Eurozone’s Manufacturing – Production trend (recent months) decreased to 2.5 by -3902.0% on January 2021 from 4.1 in the previous . On a year on year basis Eurozone’s Manufacturing – Production trend (recent months) decreased by -17576.0%. Eurozone’s Manufacturing – Production trend (recent months) trend is down since the current value of 2.5 is lower than the 12 month moving average of -13.625.Eurozone’s Manufacturing – Export Order Books decreased to -29.2 by -701.0% on January 2021 from -31.4 in the previous . On a year on year basis Eurozone’s Manufacturing – Export Order Books increased by 5956.0%. Eurozone’s Manufacturing – Export Order Books trend is down since the current value of -29.2 is lower than the 12 month moving average of -33.3.Eurozone’s Manufacturing – Finished Products (Stock Levels) decreased to 4.1 by -2407.0% on January 2021 from 5.4 in the previous . On a year on year basis Eurozone’s Manufacturing – Finished Products (Stock Levels) decreased by -6058.0%. Eurozone’s Manufacturing – Finished Products (Stock Levels) trend is down since the current value of 4.1 is lower than the 12 month moving average of 9.24167.Eurozone’s Manufacturing – Production expectations (next months) decreased to 0.2 by -9697.0% on January 2021 from 6.6 in the previous . On a year on year basis Eurozone’s Manufacturing – Production expectations (next months) decreased by -7143.0%. Eurozone’s Manufacturing – Production expectations (next months) trend is down since the current value of 0.2 is lower than the 12 month moving average of -3.125.Eurozone’s industrial production decreased to -3.8 by -39.68% on October 2020 from -6.3 in the previous Monthly. On a year on year basis Eurozone’s industrial production increased by 137.5%. Eurozone’s industrial production trend is down since the current value of -3.8 is lower than the 12 month moving average of -8.85833.Eurozone’s industrial production mom icnreased to 2.1 by 2000.0% on October 2020 from 0.1 in the previous Monthly. On a year on year basis Eurozone’s industrial production mom decreased by -1150.0%. Eurozone’s industrial production mom trend is down since the current value of 2.1 is lower than the 12 month moving average of 0.00833333.Eurozone’s capacity utilization icnreased to 76.3 by 5.83% on April 2020 from 72.1 in the previous Quarterly. On a year on year basis Eurozone’s capacity utilization decreased by -8.95%. Eurozone’s capacity utilization trend is down since the current value of 76.3 is lower than the 12 month moving average of 80.4417.

Eurozone Services activity

Services Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
services pmi 52.8 56.1 -5.88 -9.43 Down Down 41.67 2022-06-23
Services sector 2.1 -9.6 -1.21875 -1.0544 1.0 1.0 0.216667 2021-04-01
Services - Demand Expectations (next 3 months) 16.2 6 1.7 -1.30682 1.0 1.0 0.183333 2021-04-01
Services - Prices expectations (next 3 months) 5.3 1 4.3 0.827586 1.0 1.0 0.916667 2021-04-01
Services - Business activity (past 3 months) -7.2 -17.8 -0.595506 -0.792507 1.0 1.0 0.216667 2021-04-01
Services - Demand (past 3 months) -2.8 -16.9 -0.83432 -0.90106 1.0 1.0 0.216667 2021-04-01
Services - Employment (past 3 months) -5.2 -9.7 -0.463918 -0.688623 1.0 1.0 0.216667 2021-04-01
Services - Employment (next 3 months) 8.5 0.6 13.1667 -1.28053 1.0 1.0 0.2 2021-04-01

Eurozone’s services pmi icnreased to 47.3 by 13.43% on December 2020 from 41.7 in the previous Monthly. On a year on year basis Eurozone’s services pmi decreased by -10.42%. Eurozone’s services pmi trend is down since the current value of 47.3 is lower than the 12 month moving average of 42.6167.Eurozone’s Services sector icnreased to -17.3 by 4298.0% on January 2021 from -12.1 in the previous . On a year on year basis Eurozone’s Services sector decreased by -28804.0%. Eurozone’s Services sector trend is down since the current value of -17.3 is lower than the 12 month moving average of -14.2167.Eurozone’s Services – Demand Expectations (next 3 months) icnreased to -17.4 by 11482.0% on January 2021 from -8.1 in the previous . On a year on year basis Eurozone’s Services – Demand Expectations (next 3 months) decreased by -21757.0%. Eurozone’s Services – Demand Expectations (next 3 months) trend is down since the current value of -17.4 is lower than the 12 month moving average of -6.34167.Eurozone’s Services – Prices expectations (next 3 months) icnreased to -4.2 by 8261.0% on January 2021 from -2.3 in the previous . On a year on year basis Eurozone’s Services – Prices expectations (next 3 months) decreased by -15753.0%. Eurozone’s Services – Prices expectations (next 3 months) trend is down since the current value of -4.2 is lower than the 12 month moving average of -0.05.Eurozone’s Services – Business activity (past 3 months) icnreased to -20.5 by 1648.0% on January 2021 from -17.6 in the previous . On a year on year basis Eurozone’s Services – Business activity (past 3 months) decreased by -52708.0%. Eurozone’s Services – Business activity (past 3 months) trend is down since the current value of -20.5 is lower than the 12 month moving average of -20.5917.Eurozone’s Services – Demand (past 3 months) icnreased to -14.0 by 3208.0% on January 2021 from -10.6 in the previous . On a year on year basis Eurozone’s Services – Demand (past 3 months) decreased by -27500.0%. Eurozone’s Services – Demand (past 3 months) trend is down since the current value of -14.0 is lower than the 12 month moving average of -15.725.Eurozone’s Services – Employment (past 3 months) decreased to -9.3 by -510.0% on January 2021 from -9.8 in the previous . On a year on year basis Eurozone’s Services – Employment (past 3 months) decreased by -36571.0%. Eurozone’s Services – Employment (past 3 months) trend is down since the current value of -9.3 is lower than the 12 month moving average of -10.2.Eurozone’s Services – Employment (next 3 months) icnreased to -7.4 by 1935.0% on January 2021 from -6.2 in the previous . On a year on year basis Eurozone’s Services – Employment (next 3 months) decreased by -18044.0%. Eurozone’s Services – Employment (next 3 months) trend is down since the current value of -7.4 is lower than the 12 month moving average of -4.76667.

Eurozone Retail Sector

 

Retail Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Retail sector -3.1 -12.2 -0.745902 -0.89701 1.0 1.0 0.45 2021-04-01
Retail - Orders Expectations (next 3 months) 1 -10.7 -1.09346 -1.02273 1.0 1.0 0.483333 2021-04-01
Retail - Prices expectations (next 3 months) 14 8.2 0.707317 -2.75 1.0 1.0 0.0166667 2021-04-01
Retail - Business activity (past 3 months) -4.6 -18.5 -0.751351 -0.757895 1.0 1.0 0.25 2021-04-01
Retail - Stock Levels 8.6 11 -0.218182 -0.590476 -1.0 -1.0 0.0166667 2021-04-01
Retail - Business activity expectations (next 3 months) 3.9 -7 -1.55714 -1.07769 1.0 1.0 0.216667 2021-04-01
Retail - Employment expectations (next 3 months) -1 -6 -0.833333 -0.958506 1.0 1.0 0.3 2021-04-01
retail sales 3.9 1.6 143.75 -83.54 Down Down 85 2022-05-26
retail sales MoM -1.3 0.3 -533.33 -128.89 Down Down 16.67 2022-05-26

Eurozone’s Retail sector icnreased to -12.7 by 8406.0% on January 2021 from -6.9 in the previous . On a year on year basis Eurozone’s Retail sector increased by 625000.0%. Eurozone’s Retail sector trend is down since the current value of -12.7 is lower than the 12 month moving average of -11.775.Eurozone’s Retail – Orders Expectations (next 3 months) icnreased to -19.8 by 20000.0% on January 2021 from -6.6 in the previous . On a year on year basis Eurozone’s Retail – Orders Expectations (next 3 months) decreased by -190000.0%. Eurozone’s Retail – Orders Expectations (next 3 months) trend is down since the current value of -19.8 is lower than the 12 month moving average of -12.1167.Eurozone’s Retail – Prices expectations (next 3 months) decreased to 1.2 by -6129.0% on January 2021 from 3.1 in the previous . On a year on year basis Eurozone’s Retail – Prices expectations (next 3 months) decreased by -8125.0%. Eurozone’s Retail – Prices expectations (next 3 months) trend is down since the current value of 1.2 is lower than the 12 month moving average of 1.98333.Eurozone’s Retail – Business activity (past 3 months) icnreased to -2.2 by 5714.0% on January 2021 from -1.4 in the previous . On a year on year basis Eurozone’s Retail – Business activity (past 3 months) decreased by -12683.0%. Eurozone’s Retail – Business activity (past 3 months) trend is down since the current value of -2.2 is lower than the 12 month moving average of -7.86667.Eurozone’s Retail – Stock Levels icnreased to 11.0 by 3095.0% on January 2021 from 8.4 in the previous . On a year on year basis Eurozone’s Retail – Stock Levels decreased by -1729.0%. Eurozone’s Retail – Stock Levels trend is down since the current value of 11.0 is lower than the 12 month moving average of 14.1667.Eurozone’s Retail – Business activity expectations (next 3 months) icnreased to -24.9 by 12636.0% on January 2021 from -11.0 in the previous . On a year on year basis Eurozone’s Retail – Business activity expectations (next 3 months) decreased by -65333.0%. Eurozone’s Retail – Business activity expectations (next 3 months) trend is down since the current value of -24.9 is lower than the 12 month moving average of -13.2917.Eurozone’s Retail – Employment expectations (next 3 months) icnreased to -10.7 by 11837.0% on January 2021 from -4.9 in the previous . On a year on year basis Eurozone’s Retail – Employment expectations (next 3 months) decreased by -224000.0%. Eurozone’s Retail – Employment expectations (next 3 months) trend is down since the current value of -10.7 is lower than the 12 month moving average of -7.56667.Eurozone’s retail sales icnreased to 4.3 by 72.0% on October 2020 from 2.5 in the previous Monthly. On a year on year basis Eurozone’s retail sales increased by 126.32%. Eurozone’s retail sales trend is down since the current value of 4.3 is lower than the 12 month moving average of -0.675.Eurozone’s retail sales MoM decreased to 1.5 by -188.23% on October 2020 from -1.7 in the previous Monthly. On a year on year basis Eurozone’s retail sales MoM increased by 275.0%. Eurozone’s retail sales MoM trend is down since the current value of 1.5 is lower than the 12 month moving average of 0.608333.

Eurozone Construction Sector

 

Construction Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
construction pmi 49.2 50.4 -2.38 -2.19 Down Down 23.33 2022-06-11
Construction sector 2.9 -2.3 -2.26087 -1.1859 1.0 1.0 0.383333 2021-04-01
Construction - Current Order Books -3.6 -6.5 -0.446154 -0.731343 1.0 1.0 0.516667 2021-04-01
Construction - Prices over next 3 months 10.1 0.3 32.6667 -1.78906 1.0 1.0 0.333333 2021-04-01
Construction - Employment over next 3 months 9.5 1.9 4 -1.53371 1.0 1.0 0.25 2021-04-01
housing index 129.09 127.23 0.0146192 0.159422 1.0 1.0 0 2021-01-01
Construction - Building Activity (past 3 months) 1.6 -2.2 -1.72727 -1.08421 1.0 1.0 0.416667 2021-04-01
Construction - Factors Limiting (None) 47.1 43.2 0.0902778 0.539216 1.0 1.0 1 2021-04-01
Construction - Factors Limiting (Insufficient Demand) 24.8 24.1 0.0290456 0.198068 -1.0 1.0 0.883333 2021-04-01
Construction - Factors Limiting (Weather) 6.3 3.9 0.615385 3.84615 1.0 1.0 1 2021-04-01
Construction - Factors Limiting (Shortage of labour force) 20.3 16.4 0.237805 0.4 1.0 1.0 0.566667 2021-04-01
Construction - Factors Limiting (Shortage of material - equipment) 6.3 3.6 0.75 0.26 1.0 1.0 0.566667 2021-04-01
Construction - Factors Limiting (Other) 6.6 13.9 -0.52518 -0.69863 -1.0 -1.0 0.0166667 2021-04-01
Construction - Factors Limiting (Financial Constraints) 10.5 14 -0.25 -0.655738 -1.0 -1.0 0.0166667 2021-04-01

Eurozone’s construction pmi icnreased to 45.6 by 1.56% on November 2020 from 44.9 in the previous Monthly. On a year on year basis Eurozone’s construction pmi decreased by -9.88%. Eurozone’s construction pmi trend is down since the current value of 45.6 is lower than the 12 month moving average of 43.9.Eurozone’s Construction sector icnreased to -9.0 by 1250.0% on January 2021 from -8.0 in the previous . On a year on year basis Eurozone’s Construction sector decreased by -32500.0%. Eurozone’s Construction sector trend is down since the current value of -9.0 is lower than the 12 month moving average of -6.58333.Eurozone’s Construction – Current Order Books icnreased to -17.0 by 625.0% on January 2021 from -16.0 in the previous . On a year on year basis Eurozone’s Construction – Current Order Books decreased by -180000.0%. Eurozone’s Construction – Current Order Books trend is down since the current value of -17.0 is lower than the 12 month moving average of -10.9167.Eurozone’s Construction – Prices over next 3 months icnreased to -8.0 by 1429.0% on January 2021 from -7.0 in the previous . On a year on year basis Eurozone’s Construction – Prices over next 3 months decreased by -23333.0%. Eurozone’s Construction – Prices over next 3 months trend is down since the current value of -8.0 is lower than the 12 month moving average of -4.66667.Eurozone’s Construction – Employment over next 3 months On a year on year basis Eurozone’s Construction – Employment over next 3 months decreased by -11667.0%. Eurozone’s Construction – Employment over next 3 months trend is down since the current value of -1.0 is lower than the 12 month moving average of -2.33333.Eurozone’s housing index icnreased to 123.98 by 1.78% on February 2020 from 121.81 in the previous Quarterly. On a year on year basis Eurozone’s housing index increased by 14.96%. Eurozone’s housing index trend is down since the current value of 123.98 is lower than the 12 month moving average of 116.171.Eurozone’s Construction – Building Activity (past 3 months) icnreased to -15.0 by 3636.0% on January 2021 from -11.0 in the previous . On a year on year basis Eurozone’s Construction – Building Activity (past 3 months) decreased by -40000.0%. Eurozone’s Construction – Building Activity (past 3 months) trend is down since the current value of -15.0 is lower than the 12 month moving average of -14.5833.Eurozone’s Construction – Factors Limiting (None) decreased to 37.0 by -750.0% on January 2021 from 40.0 in the previous . On a year on year basis Eurozone’s Construction – Factors Limiting (None) decreased by -1957.0%. Eurozone’s Construction – Factors Limiting (None) trend is down since the current value of 37.0 is lower than the 12 month moving average of 40.0.Eurozone’s Construction – Factors Limiting (Insufficient Demand) On a year on year basis Eurozone’s Construction – Factors Limiting (Insufficient Demand) increased by 3500.0%. Eurozone’s Construction – Factors Limiting (Insufficient Demand) trend is down since the current value of 27.0 is lower than the 12 month moving average of 24.75.Eurozone’s Construction – Factors Limiting (Weather) decreased to 5.0 by -1667.0% on January 2021 from 6.0 in the previous . On a year on year basis Eurozone’s Construction – Factors Limiting (Weather) decreased by -4444.0%. Eurozone’s Construction – Factors Limiting (Weather) trend is down since the current value of 5.0 is lower than the 12 month moving average of 3.91667.Eurozone’s Construction – Factors Limiting (Shortage of labour force) On a year on year basis Eurozone’s Construction – Factors Limiting (Shortage of labour force) decreased by -3500.0%. Eurozone’s Construction – Factors Limiting (Shortage of labour force) trend is down since the current value of 13.0 is lower than the 12 month moving average of 15.6667.Eurozone’s Construction – Factors Limiting (Shortage of material / equipment) On a year on year basis Eurozone’s Construction – Factors Limiting (Shortage of material / equipment) increased by 10000.0%. Eurozone’s Construction – Factors Limiting (Shortage of material / equipment) trend is down since the current value of 2.0 is lower than the 12 month moving average of 2.41667.Eurozone’s Construction – Factors Limiting (Other) icnreased to 17.0 by 625.0% on January 2021 from 16.0 in the previous . On a year on year basis Eurozone’s Construction – Factors Limiting (Other) increased by 14286.0%. Eurozone’s Construction – Factors Limiting (Other) trend is down since the current value of 17.0 is lower than the 12 month moving average of 14.3333.Eurozone’s Construction – Factors Limiting (Financial Constraints) icnreased to 17.0 by 2143.0% on January 2021 from 14.0 in the previous . On a year on year basis Eurozone’s Construction – Factors Limiting (Financial Constraints) increased by 4167.0%. Eurozone’s Construction – Factors Limiting (Financial Constraints) trend is down since the current value of 17.0 is lower than the 12 month moving average of 17.25.

 

Eurozone GDP

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Real GDP 2874.2 2856.36 0.62 1.43 UP UP 100 2022-06-11
gdp growth annual -1.3 -4.7 -0.723404 -1.52 1.0 -1.0 0.283333 2021-01-01
gdp 13335.8 13662 -0.0238764 0.036813 1.0 1.0 0 2019-01-31
gdp growth 0.6 0.2 200 20 UP UP 66.67 2022-06-11

Eurozone’s Real GDP icnreased to 2722.29 by 12.67% on July 2020 from 2416.14 in the previous Quarterly. On a year on year basis Eurozone’s Real GDP decreased by -1.4%. Eurozone’s Real GDP trend is down since the current value of 2722.29 is lower than the 12 month moving average of 2768.29.Eurozone’s gdp growth annual decreased to -4.3 by -70.75% on July 2020 from -14.7 in the previous Quarterly. On a year on year basis Eurozone’s gdp growth annual decreased by -243.33%. Eurozone’s gdp growth annual trend is down since the current value of -4.3 is lower than the 12 month moving average of -0.525.Eurozone’s gdp decreased to 13335.8 by -2.39% on January 2019 from 13662.0 in the previous Yearly. On a year on year basis Eurozone’s gdp increased by 3.68%. Eurozone’s gdp trend is down since the current value of 13335.8 is lower than the 12 month moving average of 12987.1.Eurozone’s gdp growth decreased to 12.5 by -206.84% on July 2020 from -11.7 in the previous Quarterly. On a year on year basis Eurozone’s gdp growth increased by 1462.5%. Eurozone’s gdp growth trend is down since the current value of 12.5 is lower than the 12 month moving average of 0.00833333.

Eurozone inflation

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
inflation cpi 8.1 7.4 9.46 326.32 UP UP 100 2022-05-26
core inflation rate 3.5 2.9 20.69 400 UP UP 100 2022-05-04
consumer price index cpi 116.07 115.11 0.83 8.05 UP UP 100 2022-05-26
Producer Price Index 148 146.3 1.16 37.16 UP UP 100 2022-05-26
PPI Index 36.8 31.5 16.83 736.36 UP UP 100 2022-05-04

Eurozone’s inflation cpi icnreased to -0.3 by 50.0% on September 2020 from -0.2 in the previous Monthly. On a year on year basis Eurozone’s inflation cpi decreased by -137.5%. Eurozone’s inflation cpi trend is down since the current value of -0.3 is lower than the 12 month moving average of 0.575.Eurozone’s core inflation rate decreased to 0.2 by -50.0% on September 2020 from 0.4 in the previous Monthly. On a year on year basis Eurozone’s core inflation rate decreased by -80.0%. Eurozone’s core inflation rate trend is down since the current value of 0.2 is lower than the 12 month moving average of 0.95.Eurozone’s consumer price index cpi decreased to 104.8 by -0.33% on November 2020 from 105.15 in the previous Monthly. On a year on year basis Eurozone’s consumer price index cpi decreased by -0.29%. Eurozone’s consumer price index cpi trend is down since the current value of 104.8 is lower than the 12 month moving average of 105.088.Eurozone’s Producer Price Index icnreased to 102.1 by 0.39% on October 2020 from 101.7 in the previous Monthly. On a year on year basis Eurozone’s Producer Price Index decreased by -2.02%. Eurozone’s Producer Price Index trend is down since the current value of 102.1 is lower than the 12 month moving average of 102.242.Eurozone’s PPI Index decreased to -2.0 by -13.04% on October 2020 from -2.3 in the previous Monthly. Eurozone’s PPI Index trend is down since the current value of -2.0 is lower than the 12 month moving average of -2.54167.

Eurozone Government Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government budget -5.1 -7.1 -28.17 -17.74 Down UP 0 2022-04-29

Eurozone Monetary Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate 0.05 0.05 0 0 1.0 -1.0 0.791667 2016-03-09
central bank balance sheet 8827940 8820940 0.08 1.47 UP UP 100 2022-06-22
money supply m1 11489400 11463100 0.23 8.5 UP UP 100 2022-05-26
money supply m2 14962300 14918700 0.29 6.55 UP UP 100 2022-05-26
money supply m3 15732500 15729700 0.02 5.84 UP UP 100 2022-06-28

Eurozone’s interest rate Eurozone’s interest rate trend is down since the current value of 0.05 is lower than the 12 month moving average of 0.05.Eurozone’s central bank balance sheet icnreased to 7008900.0 by 0.85% on December 2020 from 6949630.0 in the previous Weekly. On a year on year basis Eurozone’s central bank balance sheet increased by 7.25%. Eurozone’s central bank balance sheet trend is down since the current value of 7008900.0 is lower than the 12 month moving average of 6832930.0.Eurozone’s money supply m2 icnreased to 13512000.0 by 0.48% on October 2020 from 13448000.0 in the previous Monthly. On a year on year basis Eurozone’s money supply m2 increased by 9.56%. Eurozone’s money supply m2 trend is down since the current value of 13512000.0 is lower than the 12 month moving average of 12935800.0.

Eurozone Employment

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
EEI - Employment Composite 107.1 97.8 0.095092 0.73021 1.0 1.0 1 2021-04-01
unemployment rate 7.9 8.1 -0.0246914 0.0533333 -1.0 1.0 0.816667 2021-05-31
youth unemployment rate 17.5 18.4 -0.048913 0 -1.0 -1.0 0.783333 2021-05-31
long term unemployment rate 3.2 3 0.0666667 -0.219512 -1.0 -1.0 0.391667 2020-10-01

Eurozone’s EEI – Employment Composite decreased to 86.6 by -367.0% on January 2021 from 89.9 in the previous . On a year on year basis Eurozone’s EEI – Employment Composite decreased by -1729.0%. Eurozone’s EEI – Employment Composite trend is down since the current value of 86.6 is lower than the 12 month moving average of 88.8167.Eurozone’s unemployment rate decreased to 8.4 by -1.18% on October 2020 from 8.5 in the previous Monthly. On a year on year basis Eurozone’s unemployment rate increased by 13.51%. Eurozone’s unemployment rate trend is down since the current value of 8.4 is lower than the 12 month moving average of 7.80833.Eurozone’s youth unemployment rate icnreased to 18.0 by 0.56% on October 2020 from 17.9 in the previous Monthly. On a year on year basis Eurozone’s youth unemployment rate increased by 16.13%. Eurozone’s youth unemployment rate trend is down since the current value of 18.0 is lower than the 12 month moving average of 16.8417.Eurozone’s long term unemployment rate decreased to 2.3 by -17.86% on April 2020 from 2.8 in the previous Quarterly. On a year on year basis Eurozone’s long term unemployment rate decreased by -47.73%. Eurozone’s long term unemployment rate trend is down since the current value of 2.3 is lower than the 12 month moving average of 3.46667.

Eurozone Trade & Capital Flows

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account -5.4 8.66 -162.36 -116.63 Down Down 5 2022-06-22
current account to gdp 3 3.1 -0.0322581 -2.66667 1.0 1.0 0 2020-01-31
exports 223928 250711 -10.68 12.71 UP UP 96.67 2022-06-16
imports 256366 266773 -3.9 39.47 UP UP 98.33 2022-06-16
balance of trade -32438 -16062.1 101.95 -289.23 Down Down 1.67 2022-06-16
capital flows -39.36 -17.41 126.08 -257.5 Down Down 1.67 2022-06-24

Eurozone’s current account icnreased to 34.1 by 1.79% on October 2020 from 33.5 in the previous Monthly. On a year on year basis Eurozone’s current account increased by 18.2%. Eurozone’s current account trend is down since the current value of 34.1 is lower than the 12 month moving average of 19.4625.Eurozone’s current account to gdp decreased to 2.3 by -20.69% on January 2019 from 2.9 in the previous Yearly. On a year on year basis Eurozone’s current account to gdp decreased by -1250.0%. Eurozone’s current account to gdp trend is down since the current value of 2.3 is lower than the 12 month moving average of 1.40833.Eurozone’s exports icnreased to 199314.0 by 5.11% on October 2020 from 189619.0 in the previous Monthly. On a year on year basis Eurozone’s exports decreased by -8.78%. Eurozone’s exports trend is down since the current value of 199314.0 is lower than the 12 month moving average of 177381.0.Eurozone’s imports icnreased to 169285.0 by 2.49% on October 2020 from 165165.0 in the previous Monthly. On a year on year basis Eurozone’s imports decreased by -11.31%. Eurozone’s imports trend is down since the current value of 169285.0 is lower than the 12 month moving average of 158513.0.Eurozone’s balance of trade icnreased to 30029.1 by 22.8% on October 2020 from 24453.8 in the previous Monthly. On a year on year basis Eurozone’s balance of trade increased by 10.5%. Eurozone’s balance of trade trend is down since the current value of 30029.1 is lower than the 12 month moving average of 18570.9.Eurozone’s capital flows decreased to 35.6 by -33.73% on October 2020 from 53.72 in the previous Monthly. On a year on year basis Eurozone’s capital flows decreased by -19.0%. Eurozone’s capital flows trend is down since the current value of 35.6 is lower than the 12 month moving average of 19.3275.

Eurozone Reserves

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
foreign exchange reserves 80.52 81.69 -1.43 14.68 UP UP 98.33 2022-06-22
gold reserves 504.77 504.77 0 0 -1.0 -1.0 0.483333 2020-08-01

Eurozone’s foreign exchange reserves decreased to 71.64 by -5.91% on November 2020 from 76.14 in the previous Monthly. On a year on year basis Eurozone’s foreign exchange reserves decreased by -4.29%. Eurozone’s foreign exchange reserves trend is down since the current value of 71.64 is lower than the 12 month moving average of 75.6954.Eurozone’s gold reserves decreased to 504.77 by -0.01% on July 2020 from 504.8 in the previous Quarterly. Eurozone’s gold reserves trend is down since the current value of 504.77 is lower than the 12 month moving average of 504.783.Eurozone’s government debt icnreased to 10027200.0 by 0.91% on January 2019 from 9937020.0 in the previous Yearly. On a year on year basis Eurozone’s government debt increased by 64.15%. Eurozone’s government debt trend is down since the current value of 10027200.0 is lower than the 12 month moving average of 8882760.0.Eurozone’s government debt to gdp decreased to 77.6 by -2.39% on January 2019 from 79.5 in the previous Yearly. On a year on year basis Eurozone’s government debt to gdp increased by 24.76%. Eurozone’s government debt to gdp trend is down since the current value of 77.6 is lower than the 12 month moving average of 80.6667.Eurozone’s external debt decreased to 15182100.0 by -0.88% on April 2020 from 15316900.0 in the previous Quarterly. On a year on year basis Eurozone’s external debt increased by 9.6%. Eurozone’s external debt trend is down since the current value of 15182100.0 is lower than the 12 month moving average of 14456600.0.

Eurozone Debt

Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 11107700 9937020 0.11781 0.818407 1.0 1.0 0 2019-01-31
government debt to gdp 95.6 97.2 -1.65 26.29 UP UP 0 2022-04-29
external debt 15138500 15182100 -0.0028718 0.101727 1.0 1.0 0 2020-05-01

Eurozone’s government debt icnreased to 10027200.0 by 0.91% on January 2019 from 9937020.0 in the previous Yearly. On a year on year basis Eurozone’s government debt increased by 64.15%. Eurozone’s government debt trend is down since the current value of 10027200.0 is lower than the 12 month moving average of 8882760.0.Eurozone’s government debt to gdp decreased to 77.6 by -2.39% on January 2019 from 79.5 in the previous Yearly. On a year on year basis Eurozone’s government debt to gdp increased by 24.76%. Eurozone’s government debt to gdp trend is down since the current value of 77.6 is lower than the 12 month moving average of 80.6667.Eurozone’s external debt decreased to 15182100.0 by -0.88% on April 2020 from 15316900.0 in the previous Quarterly. On a year on year basis Eurozone’s external debt increased by 9.6%. Eurozone’s external debt trend is down since the current value of 15182100.0 is lower than the 12 month moving average of 14456600.0.

Eurozone Banking activity

Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interbank rate -0.54 -0.55 -0.0181818 -0.0181818 1.0 1.0 0.191667 2021-06-02
deposit interest rate -0.5 -0.5 0 0 -1.0 -1.0 0.333333 2021-01-31
bank lending rate 1.75 1.84 -0.048913 0.232394 -1.0 1.0 0.983333 2021-05-31
loan growth 4.65 4.55 2.2 40.91 UP UP 100 2022-06-28
loans to private sector 4942960 4918000 0.51 1.86 UP UP 98.33 2022-06-28
lending rate 0.25 0.25 0 0 -1.0 -1.0 0.508333 2021-05-28

Eurozone’s interbank rate On a year on year basis Eurozone’s interbank rate increased by 2.56%. Eurozone’s interbank rate trend is down since the current value of -0.441 is lower than the 12 month moving average of -0.441833.Eurozone’s deposit interest rate On a year on year basis Eurozone’s deposit interest rate increased by 25.0%. Eurozone’s deposit interest rate trend is down since the current value of -0.5 is lower than the 12 month moving average of -0.433333.Eurozone’s bank lending rate icnreased to 1.81 by 1.12% on October 2020 from 1.79 in the previous Monthly. On a year on year basis Eurozone’s bank lending rate decreased by -5.73%. Eurozone’s bank lending rate trend is down since the current value of 1.81 is lower than the 12 month moving average of 1.75.Eurozone’s loan growth icnreased to 3.1 by 3.33% on September 2020 from 3.0 in the previous Monthly. On a year on year basis Eurozone’s loan growth decreased by -8.82%. Eurozone’s loan growth trend is down since the current value of 3.1 is lower than the 12 month moving average of 3.29167.Eurozone’s loans to private sector icnreased to 4845680.0 by 0.01% on October 2020 from 4845240.0 in the previous Monthly. On a year on year basis Eurozone’s loans to private sector decreased by -57.58%. Eurozone’s loans to private sector trend is down since the current value of 4845680.0 is lower than the 12 month moving average of 4737320.0.Eurozone’s lending rate Eurozone’s lending rate trend is down since the current value of 0.25 is lower than the 12 month moving average of 0.25.

Eurozone macroeconomic model analysis

The two most important economic indicators of the Eurozone economy are real economic growth expectations and inflation. MacroVar uses Eurozone Manufacturing ESI Order Books to gauge economic growth expectations and Eurozone Manufacturing ESI Selling Price expectations of next months to gauge inflation expectations. Eurozone’s economy is healthy when it generates stable economic growth with low inflation. Policymakers (the government and the central bank) use fiscal and monetary policy to inject liquidity during slowdowns (to solve weak economic growth) and withdraw liquidity from an overheating economy (to solve high inflation).

The four economic environments

There are 4 economic environments based on economic growth and inflationary conditions. Financial assets are affected by economic growth and inflation expectations as explained in the diagram below.
MacroVar Growth Inflation Model

  • Inflation boom: Accelerating Economic growth with Rising inflation – Monetary Policy response: Hawkish
  • Stagflation: Slowing Economic Growth with Rising Inflation – Monetary Policy response: Dilemma
  • Disinflation boom: Accelerating Economic growth with Slowing Inflation – Monetary Policy response: Neutral
  • Deflation Bust: : Slowing Economic Growth with Falling Inflation – Monetary Policy response: Dovish
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