Link Securities | According to the first estimate of the Eurozone’s trade balance, the region recorded a deficit of €1.9 billion in trade in goods with the rest of the world in January, compared with €1.4 billion in January 2025. The increase in the deficit was due to fluctuations in several sectors: the chemicals and related products sector saw a significant decline, falling from a surplus of €24.6 billion in…

CdM | Eurozone inflation remains below the European Central Bank (ECB) target despite rising by two tenths of a percentage point in February. The Consumer Price Index (CPI) stands at 1.9%, according to figures published by Eurostat, the statistical office of the European Union (EU). The figure is in line with market estimates. By component, services, food, alcohol and tobacco, and non-energy industrial goods contributed positively to the eurozone’s annual…

Bankinter | Growth lost momentum in Q4 2025, as expected, but the unemployment rate returned to historic lows in December. Preliminary GDP was up 1.3% year-on-year in Q4 2025, in line with expectations and compared to 1.4% previously. The unemployment rate was 6.2% in December, compared to the estimated and previous rate of 6.3%. Bankinter analysis team’s view: European growth continues to be led by the peripheral countries. Spain and…

Link Securities | A Financial Times survey of economists forecasts Eurozone GDP growth of 1.2% for 2026, compared to 1.4% for 2025 and forecasts of 1.4% for 2027. The region’s economic outlook depends heavily on Germany, Europe’s largest economy, which is expected to recover thanks to the strong fiscal expansion announced by the German government. However, there has been disappointment so far with the pace of reforms and doubts about…

Link Securities | The Sentix investor confidence index for December showed a stabilisation of sentiment in the Eurozone. In its overall reading, the index rose slightly to -6.2 points in December, in line with expectations, compared to -7.4 points, while the current situation sub-index reached -16.5 points, compared to -17.5 points in November, and the expectations sub-index stood at 4.8 points, up from 3.3 points the previous month. Sentix noted…

Singular Bank | According to the European Commission, in the final reading for November, the Eurozone Economic Sentiment Indicator (ESI) rose slightly by 0.2 points to 97.0 points. This development was driven by a notable increase in confidence in the services, construction and retail sectors. In contrast, there was a notable decline in economic sentiment in the industrial sector. Meanwhile, employment expectations in the European monetary bloc rebounded to 97.8…