European economy

europa industrial

Eurozone Industrial production grows 1.2% year-on-year in September due to dependence on external sector

Bankinter | Industrial production in Eurozone countries grew less than expected in September: 1.2% year-on-year versus 2.1% expected and 1.2% previously (revised from 1.1%). In month-on-month terms, 0.2% versus 0.7% versus a drop of 1.1% (revised from 1.2%). By country, Germany continues to slow down its growth (down 0.8%). Analysis team’s view: Industrial production, which is highly dependent on the foreign sector, continues to be affected by US tariffs and…


IPC varios Eurozona.

Eurozone: Sentix investor confidence falls to -7.4 points in November from -5.4 previously

Link Securities | The Sentix index, which assesses investor confidence in the Eurozone, fell to -7.4 points in November from -5.4 points in October, falling below the -6.0 points expected by analysts in the Reuters consensus. Thus, the survey of 1,069 investors showed a weakening of this group’s perception of both current conditions and future expectations for the Eurozone economy. Germany, Europe’s largest economy, sank further into pessimism, with its…


Spain industrial production

Eurozone Industrial production prices fall 0.1% in September

CdM | Industrial production prices fell by 0.1% in both the Eurozone and the European Union (EU) in September compared to the previous month, according to initial estimates from Eurostat, the EU’s statistical office. On a year-on-year basis, the decline was 0.2% for the Eurozone, while prices rose by 0.1% in the EU. On a month-on-month basis, industrial production prices in the Eurozone remained stable for intermediate goods and capital…


manufactoring Spain

Eurozone manufacturing sector expands in October for eighth month running

CdM | The eurozone manufacturing sector expanded once again. However, the pace of growth remained steady, according to the PMI index. In fact, although October marked the eighth consecutive monthly expansion, the pace of growth was moderate overall and slightly weaker than the average observed during the current expansion sequence. ‘We can speak, at best, of an incipient outbreak of economic recovery.’ ‘Production has increased for the eighth consecutive month,…


europa detalle billete

Eurozone Economic Sentiment rises 1.2 points to 96.8 in October despite crisis in France and delays in reforms in Germany

Singular Bank | According to the European Commission, in the final reading for October, the Eurozone Economic Sentiment Indicator (ESI) rose 1.2 points to 96.8 points, despite political uncertainty in France and delays in the Merz government’s reforms in Germany. This development was mainly driven by a notable rebound in confidence in the industrial, construction and retail sectors. In more detail: Industrial Sentiment -8.2 versus -10.0 expected versus -10.3 previous;…


coches aparcamiento

Car sales in Europe up 10% in September, best figure since April 2024, with Spain leading the way

Bankinter | Car sales rose by 10% in September, compared to 5.3% previously. Bankinter analysis team’s view: This is the best figure since April 2024. Among the increases, the following stood out (year-on-year): Cupra (up 48.4%), Stellantis (11.5%), Skoda (10.9%), Volkswagen (9.6%), Citröen (29.4%), Opel (14.6%) and Alfa Romeo (71.8%). Chinese brands once again recorded strong sales growth, such as SAIC Motor (75.5%) and ByD (398%). On the negative side,…


road traffic oil demand

UK cancels FCC’s €1.95 billion motorway project near Stonehenge

Bankinter | According to press reports, the United Kingdom has announced the cancellation of the project to build a motorway near Stonehenge. We recall that the project was awarded in 2022 to a consortium formed by FCC, Webuild, and BeMo Tunnelling and had a budget of around £1.7 billion (approximately €1.95 billion). According to the same source, FCC had completed the design work but had not yet begun construction. Assessment:…


autos europa

Eurozone composite PMI rises 1 point to 52.2, highest level in 17 months, but with drop in France to 46.8

Singular Bank | According to preliminary data for October, the Eurozone manufacturing PMI has rebounded slightly to 50.0 points (against 49.8 points in September), representing the eighth consecutive month of increased production in the sector. At the same time, the services PMI rose to 52.6 points (against 51.6 points in September) due to the faster pace of growth in new orders. For its part, the composite PMI for the European…


eurozona superavit comercial

Eurozone current account surplus at €13 billion in August, compared to €25.3 billion in same month in 2024

Link Securities | According to the European Central Bank (ECB), the Eurozone current account surplus stood at €13 billion in August, compared to €25.3 billion in the same month of the previous year. In August, the goods surplus fell to €8 billion from €17.1 billion in August 2024, while the primary income surplus fell to €2 billion from €5 billion. Similarly, the secondary income deficit widened in August to €15…


industrial production worker

Eurozone industrial production contracts 1.2% in August compared to July

Link Securities | The European statistical agency Eurostat reported that seasonally adjusted industrial production contracted by 1.2% in the Eurozone in August compared to July, significantly less than the 1.8% decline projected by the FactSet consensus of analysts. In August, industrial production fell by 0.2% for intermediate goods, 0.6% for energy, 2.2% for capital goods, and 1.6% for durable consumer goods. Conversely, production increased by 0.1% for non-durable consumer goods….