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European economy

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…

European economy 2nd July 2025

ECB to act ‘especially forcefully or persistently’ in face of inflationary shocks regardless of origin

Bankinter | The European Central Bank (ECB) has announced an update to its monetary policy strategy, adopting a more rigorous and agile approach to major inflationary shocks in a context of growing global uncertainty. The main new feature is the commitment to act ‘especially forcefully or persistently’ whenever inflation deviates significantly and persistently from the 2% target, regardless of the origin of the shock, whether temporary or structural. The aim…

European economy 1st July 2025

Telefónica: Virgin Media O2 UK acquires 78.8 MHz of spectrum from Vodafone in UK for approximately €400 million

Renta 4 | VMO2 UK, Telefónica’s 50% subsidiary in the United Kingdom, has invested £343 million, approximately €400 million, to purchase 78.8 MHz of spectrum from Vodafone. This purchase is part of the conditions imposed by Ofcom, the British telecommunications regulator, on Vodafone for the acquisition of Three UK. Under this agreement, the three British operators, VMO2, Vodafone and British Telecom, will each have a third of the UK’s mobile…

European economy 30th June 2025

Iberdrola, through Scottish Power, in talks with OVO Energy for possible merger of energy supply businesses

Alphavalue/DIVACONS | The Spanish utility, through its subsidiary Scottish Power, is in talks with OVO Energy for a possible merger of their energy supply businesses in the United Kingdom. If completed, this transaction would create the third-largest energy supplier in the country, with more than six million customers, behind only British Gas and Octopus Energy. Although the talks are at a very early stage, it is believed that Ovo could…

European economy 25th June 2025

Eurozone activity fails to take off: Composite PMI remains unchanged in June at 50.2 points

CdM | The Eurozone is struggling to take off. This is shown by the PMI survey data released on Monday, which highlights that total private sector activity in the eurozone ‘barely managed to register any growth at the end of the first half of 2025’. HCOB’s Eurozone Composite PMI Total Activity Index remained unchanged at 50.2 in June, above the no-change level of 50.0 for the sixth consecutive month, but…

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