In Europe

Europa energía gasoducto

ZEW Economic Sentiment Survey disappoints and hits lowest level since 2022

Bankinter | The ZEW Economic Sentiment Survey surprises on the downside in April and stands at its lowest level since December 2022. The ZEW survey shows a sharper-than-expected decline and falls into negative territory for the second consecutive month. Bankinter analysis team’s view: The sharp fall reflects concerns about economic growth and the impact on energy prices arising from the US-Iran conflict. The figure is even weaker than that recorded…


wholeshale electricity market

European Commission puts brakes on tax on energy companies’ profits due to oil crisis

Banco Sabadell | In the new strategy of measures to tackle the energy crisis that the European Commission is set to present this week, Brussels is reluctant to push for a European tax on energy companies’ windfall profits despite rising oil prices. Although Spain and four other countries are calling for a coordinated levy, the EC is leaving the decision to individual Member States. The new European plan to tackle…


Eurozona PMIs

Eurozone industrial production exceeds expectation, up 0.4% in February

CdM | Industrial production in the Eurozone rose by 0.4% in February compared with January, more than expected, whilst it fell by 0.6% compared with the same month last year, less than expected, according to data from Eurostat, the statistical office of the European Union (EU). Across the EU, industrial production also grew by 0.4% compared with the previous month, whilst it fell by 0.1% compared with February 2025. Specifically,…


Alemania PIB

GfK consumer confidence index in Germany falls sharply in April to -28.0 points, compared to -24.8 in March

Singular Bank | In April, the GfK consumer confidence index in Germany fell significantly to -28.0 points (against -24.8 points in March), exceeding the decline projected by the consensus of analysts (-27.3). This development is explained by rising uncertainty and inflation expectations in the face of surging energy and other commodity prices linked to the conflict in the Middle East. The most notable change was the sharp rise in price…


Alemania PIB

German consumer confidence falls due to Middle East conflict and economy losing momentum

Bankinter | German consumer confidence fell to -28.0 points in April, compared with an expected -27.3 and a previous reading of -24.8 (revised from -24.7). Bankinter analysis team’s view: Concerns over the conflict in the Middle East (and its impact on prices), coupled with the loss of momentum in the German economy and weak GDP growth, are taking their toll on consumer confidence. Current levels represent the lowest confidence rating…


cars to export

Car sales in Europe up 1.4% in February, easing year-to-date decline

Bankinter | Car sales in Europe rose by 1.4% year-on-year in February. This moderates the year-to-date decline to 1.2%, with units sold exceeding 1.6 million. Plug-in hybrids led the growth (32.1%) for the month, followed by pure electric vehicles (20.6%) and non-plug-in hybrids (10.1%), whilst combustion engines declined (17.9% for petrol and 12.8% for diesel). Bankinter analysis team’s view: A slight recovery in February (1.4%) following the sharp decline (3.9%)…


exportaciones complejas

Eurozone begins 2026 with trade deficit of €1.9 billion, exports down 7.6%, imports up 7.3%

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…


Alemania PIB 1

ZEW Economic Sentiment Survey comes in worse than expected in March, reaching lowest level since April 2025

Bankinter | The ZEW Economic Sentiment Survey came in worse than expected in March, reaching its lowest level since April 2025. Expectations fell to negative 0.5 points (compared to the expected 39.2 and the previous 58.3), whilst the Current Situation improved to negative 62.9 (compared to negative 68.0 and the previous 65.9). Bankinter analysis team’s view: Negative reading. The survey, which polls around 350 analysts and investors on expectations and…


euros prestamos

Eurozone inflation rises to 1.9% in February, but remains below ECB’s target

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…


Alemania Economia

Germany’s trade surplus grows to €21.2 billion in January (against €17.4 billion previously), while France reduces deficit by remarkable 55.8% to €1.9 billion

Singular Bank | According to Destatis, in January, German goods exports fell by 2.3% compared to the previous month (against an increase of 3.9% in December), standing at €130.5 billion. Meanwhile, imports of goods recorded a notable drop of 5.9% month-on-month (against an increase of 1.3% in December) to a total of €109.2 billion. Given this development, Germany’s trade surplus increased to €21.2 billion (against €17.4 billion in December), exceeding…