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European economy 26th August 2025

Germany’s GDP grows 0.2% year-on-year in 2Q25 compared to 0.3% in previous quarter, and below consensus estimate of 0.4%

Link Securities | According to the final reading of the data released by the German Federal Statistical Office, Destatis, Germany’s gross domestic product (GDP) contracted by 0.3% in 2Q25 compared to the previous quarter, more than the 0.1% contraction initially estimated, which was in line with the consensus of FactSet analysts. In 1Q25, Germany’s GDP had grown by 0.3% in quarterly terms. The decline in 2Q25 is the sharpest quarterly…

European economy 25th August 2025

Iberdrola completes foundations for substation of East Anglia 3 offshore wind farm in North Sea

Alphavalue / Divacons | The Spanish utility company, through its British subsidiary Scottish Power, has taken a decisive step forward in the commissioning of its East Anglia 3 offshore wind farm, located in the North Sea off the coast of Suffolk (United Kingdom). The company has completed the installation of the foundations for the project’s offshore substation. In other news, Iberdrola has appointed Juan Luis Pérez Martín, a lieutenant general…

European economy, In Europe 21st August 2025

Eurozone annual inflation remains at 2%

CdM | The annual inflation rate in the eurozone was 2% in July 2025, stable compared to June. A year earlier, the rate was 2.6%. Annual inflation in the European Union was 2.4% in July 2025, up from 2.3% in June. A year earlier, the rate was 2.8%. These figures were published by Eurostat, the statistical office of the European Union. The lowest annual rates were recorded in Cyprus (0.1%),…

European economy, In Europe 20th August 2025

Eurozone current account balance shows €36 billion surplus, up €4 billion on previous month

Link Securities | According to data published on Tuesday by the European Central Bank (ECB), the Eurozone current account balance recorded a surplus of €36 billion in June, an increase of €4 billion compared to the previous month. In June, surpluses were recorded in goods (€23 billion), services (€16 billion) and primary income (€14 billion). In seasonally adjusted terms, the current account surplus rose to €35.8 billion in June, from…

European economy, In Europe 18th August 2025

Industrial production rises in June in both Eurozone and EU (0.2% and 0.5% respectively)

CdM | Industrial production in the Eurozone rose by 0.2% in June 2025, while in the European Union (EU) the increase was 0.5% compared to the same month last year. According to data from Eurostat, the EU’s statistical office, industrial production fell by 1.3% month-on-month in the eurozone countries, while the decline compared to May was 1% in the EU-27. In May 2025, industrial production had grown by 1.1% in…

European economy, In Europe 7th August 2025

Retail sales in Eurozone and EU rise 0.3% in June

CdM | Retail trade volume grew by 0.3% in June compared to the previous month in both the Eurozone and the European Union (EU), according to estimates published by Eurostat, the EU’s statistical office. The figure was below the expected 0.4%. In detail, in both the eurozone and the EU, sales rose by 0.2% in food, beverages and tobacco and by 0.6% for non-food products (excluding car fuel). Motor fuel…

European economy, In Europe 4th August 2025

Eurozone manufacturing sector regains momentum, rising to 19.8 in July, but caution remains

CdM | The Eurozone manufacturing sector is regaining momentum, but with caution. At the start of the third quarter, operating conditions stabilised broadly, according to the PMI index. ‘With the new trade framework agreed between the EU and the US, uncertainty should ease and the signs point to a continued upward trend in the coming months.’ This is the view of Hamburg Commercial Bank, which comments that supply chains “remain…

European economy, In Europe 29th July 2025

M3 money supply in Eurozone expands at annual rate of 3.3% in June, compared to 3.9% in May

Link Securities | The European Central Bank (ECB) has reported that the M3 money supply expanded in the Eurozone at an annual rate of 3.3% in June (3.9% in May), slightly less than the 3.5% expected by FactSet consensus analysts. In addition, the ECB noted that bank loans to households in the Eurozone increased by 2.2% year-on-year in June (2.0% in May), representing the fastest pace of growth for this…

European economy, In Europe 28th July 2025

Car sales in Europe fall 7.3% year-on-year in June: decline in combustion vehicles, EV sales up

Bankinter | Car sales fell by 7.3% year-on-year in June. This brings the cumulative decline for the year to 1.9% year-on-year, with 5.58 million units sold. In June, the decline in combustion vehicles (34.1% diesel and 25.4% petrol) stood out, while electric vehicles led the way (electric up 7.8%, non-plug-in hybrids 6.1% and plug-in hybrids 41.6%). Bankinter analysis team’s view: The decline in registrations gained momentum in June. The sector…

European economy 15th July 2025

German Senate definitively approves €46 billion tax exemption package

Bankinter | The German Senate (Bundesrat) has definitively approved the €46 billion tax exemption package (approximately 1.1% of GDP). The stimulus measures include a reduction in corporate tax of 1% per year from 2028 (from the current 15% to 10%, not including the extra local tax, which varies between 14% and 17%) and deductions for the purchase of new machinery and other equipment. Bankinter analysis team’s view: Good news. These…

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