European economy

construccionCM

Eurozone construction output falls by 1.1% year-on-year in March compared to -0.6% in February

Link Securities | Eurostat reported that Eurozone construction output, in seasonally adjusted data, rose 0.1% in March from February. In the month under review, output increased by 0.9% in building construction; by 4.1% in civil engineering construction; and by 0.1% in specialised construction activities. On a year-on-year basis, construction output decreased by 1.1% in March in the Eurozone (-0.6% in February). By sector of activity and at a year-on-year rate,…


IPC varios Eurozona.

Eurozone final CPI confirms 2.2% in April and core rate 2.7% due to 4% rebound in services

CdM| The year-on-year inflation rate in the Eurozone remained stable in April at 2.2%, while in the European Union as a whole the rate moderated by one tenth of a percentage point compared to March, to 2.4% year-on-year, according to the second reading published on Monday by Eurostat and reported by Europa Press. According to data from the statistical office for the Eurozone, in April the price of energy recorded…


Alemania Exportaciones

Eurozone posts €62-billion suplus in 1Q25 compared to €55 billion in 1Q24, exports and imports both up

Link Securities | Eurostat reports that, according to its first estimate of the data, the Eurozone’s trade surplus stood at €36.8 billion in March compared to €22.8 billion in March 2024. In March, exports of goods from the Eurozone to the rest of the world amounted to €279.8 billion, an increase of 13.6% year-on-year. On the other hand, imports from the rest of the world amounted to €243.0 billion, an…


Alemania Eurozona

Economic sentiment in Germany improves again, perception of Europe stands at 11.6 points

CdM | Economic sentiment has improved again in Germany. In the May survey, the ZEW indicator shows that, at 25.2 points, it is 39.2 points higher than in the previous month, thus clearly in positive territory. ‘With the arrival of the new government, some progress in the tariff disputes and a stabilising inflation rate, optimism has increased.’ This is according to ZEW President Professor Achim Wambach, who adds that ‘expectations…


Airbus nuevo

Airbus production totals 217 units through April, year-to-date increase of 7%, in line with guidance for full year

Morgan Stanley | Although April deliveries (56) represent a slowdown in annual delivery growth (192, down 5%), if we take into account the 25 aircraft that management pointed out at the AGM in mid-April, production totals 217 units, representing 7% growth year-on-year and in line with guidance for the full year. Regarding tariffs, management’s message that the current guidance may already be reflecting the direct impact of tariffs (i.e., returning…


telefonica letrero entrada 1024x648 1

Telefónica announces agreement to create telecommunications services company for UK businesses

Renta 4 | Telefónica has announced an agreement to create a business services company in the United Kingdom. Virgin Media O2 UK, Telefónica’s 50% joint venture in the United Kingdom, has announced the creation of a company to provide telecommunications services to businesses (B2B) in combination with Daisy Group. Virgin Media O2 UK will control 70% and Daisy Group the remaining 30%. The Chairman will be Matthew Riley, founder of…


ventas minoristas 2

Retail sales fall 0.1% in both Eurozone and European Union in March

CdM | Retail sales fell by 0.1% in March in both the Eurozone and the European Union (EU) as a whole compared to the previous month, according to data published by Eurostat, the EU statistics office. In year-on-year terms, the volume rose by 1.5% in the Eurozone and 1.4% in the EU. In detail, compared to the previous month, the volume of retail trade in the eurozone fell by 0.1%…


grifols edificio

German stock market supervisor approves Grifols’ takeover bid for subsidiary Biotest at €43 per share

Link Securities | Grifols (GRF) informed the National Securities Market Commission (CNMV) that on Tuesday the German federal financial supervisory authority, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), approved the publication of the offer document submitted by its subsidiary Grifols Biotest Holdings GmbH with the terms and conditions of the public takeover bid for delisting launched to all shareholders of Biotest AG to acquire all ordinary shares of Biotest, of which Grifols…


banco santander new

Santander plans share buybacks of up to €3.2bn with proceeds from sale of 49% stake in Polish subsidiary

Norbolsa | The Spanish bank has agreed to sell 49% of its stake in Santander Bank Polska to Erste Group for around €6.8 billion, as part of a strategy to simplify its global footprint and focus on strategically connected markets. The deal also includes the sale of 50% of its asset management business in Poland, valued at €200 million, bringing the total value of the transaction to €8.9 billion. With…


inflacion precios

Eurozone CPI up 2.2% in April, core 2.7%

Link Securities | Eurostat published on Friday that, according to the preliminary estimate, the Eurozone consumer price index (CPI) rose 0.6% in the month of April compared to March, slightly more than the 0.5% expected by the FactSet consensus of analysts. On a year-on-year basis, the eurozone CPI rose 2.2% in April (2.2% in March), also above the 2.1% projected by analysts. As for the main components of inflation in…