Euro Growth Indicator

Archive 2019

Euro area GDP growth expected to remain weak in the third quarter of 2019

Euro area growth will grow by a mere 0.1 per cent in the third quarter, according to the August Euro Growth Indicator. This follows an increase of 0.2 per cent in Q2 according to the EUROSTAT advance estimate, which was marginally above the rate suggested by the Euro Growth Indicator.

 

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Continued weakness of growth in the euro area

Euro area growth remains sluggish for the time being, according to the July Euro Growth Indicator. GDP is forecast to increase by only 0.1 per cent in second quarter of 2019, with no significant acceleration in sight for the third quarter.

 

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Euro Growth Indicator shows modest but positive growth for the next two quarters

The June Euro Growth Indicator suggests that euro area GDP growth will slow to a quarterly rate of only 0.1 per cent in the second quarter of 2019 before accelerating mildly to a growth rate of 0.3 per cent in the third quarter. The indicator implies year-on-year growth rates of 0.9 per cent and 1.1 per cent Q2 and Q3, respectively.

 

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Growth in the euro area falters again in spring

The pick up of GDP growth in the euro area evident in the EUROSTAT flash estimate for 2019Q1 may prove to be temporary. The May Euro Growth Indicator calculated by EUROFRAME suggests a stagnant economy in the second quarter and year-on-year growth slipping to 0.7 per cent, reflecting a continued drag from the industrial sector and deteriorating consumer confidence.

 

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