Europe

European economy, In Europe 29th August 2025

Car sales in Europe up 7.4% year-on-year in July compared to 7.3% drop in June; 0.7% fall for year as a whole

Bankinter | Car sales increased in July by 7.4% (year-on-year) compared to a drop of 7.3% in June. For the year as a whole, sales fell by 0.7%. Of particular note is the drop in sales of combustion vehicles (15.2% diesel and 12.0% petrol), while electric vehicles led the way (electric up by 39.1%, non-plug-in hybrids by 14.3% and plug-in hybrids by 56.9%). Analysis team’s view: Slightly positive news reflecting…

European economy 27th April 2025

ECB says wages in Europe grew 4.8% in 2024, 3.1% expected in 2025

Intermoney | The ECB’s wage monitoring report continues to show that pressures on negotiated wages will ease over the course of the year. The ECB’s wage monitoring report continues to indicate that pressures on negotiated wages will diminish over the year. In particular, it pointed to a growth rate of negotiated wages, including exceptional payments spread over time, of 4.8% in 2024 (with an average coverage of 48.8% of employees…

In Europe 26th March 2025

Car sales in Europe fall 3.1% to 963,540 units year-on-year in February, but rise 11% in Spain

Alphavalue / Divacons | In February 2025, passenger car registrations in Europe fell by 3.1% year-on-year to 963,540 units, with declines in all major markets except Spain, where they grew by 11%. Compared to pre-pandemic levels (February 2019), sales are still 16% lower. In terms of technologies, pure electric vehicles (BEVs) grew by 26% year-on-year to reach a market share of 17.1%. Hybrids were the most popular option (with a…

In the World 23rd January 2025

Trump says he could impose 10% tariffs on China, 25% on Canada and Mexico and warns Europe of large trade deficit

Bankinter: Trump says he could impose a 10% tariff on China and warns Europe. The United States is considering a 10% tariff on China. He justifies it as retaliation for China’s exports of fentanyl. It marks 1 February as a key date. In this regard, on Monday Trump affirmed his intention to apply 25% tariffs to Canada and Mexico. Bankinter analysis team view: Trump sends a reminder that he will…

In Europe 19th December 2024

Europe needs defence investments of €500 billion over next decade just to cover air defence system

Norbolsa: Europe-defence: the debate continues on how to raise defence spending in Europe. The pressure of war, Putin’s threat and Trump’s pressure to raise the contribution to NATO are heating up the debate, but it remains deadlocked on how to do it: whether from national budgets, jointly from Europe or by creating a new funding vehicle. It is estimated that Europe requires investments of €500 billion over the next decade,…

World economy 18th November 2024

Europe gets closer to Taiwan to promote semiconductor manufacturing in Europe and reduce dependence on Asia

Norbolsa | Taiwan is approaching Europe to conclude an economic agreement and closer economic cooperation, a route from which it has so far been excluded because it has not been represented in these forums. Europe is also seeking such cooperation, as a way to promote semiconductor manufacturing in Europe and reduce dependence on Asia. Taiwanese investment in the EU has been boosted by Taiwan Semiconductor Manufacturing Co. (TSMC), which in…

European economy 7th May 2024

Xi Jinping shows little sign of being willing to offer major concessions to secure more balanced trade with Europe

Norbolsa | French President Emmanuel Macron and European Commission chief Ursula von der Leyen on Monday urged Chinese President Xi Jinping to ensure more balanced trade with Europe, but the Chinese leader showed little sign of being willing to offer major concessions. In his meetings in Paris, Macron also pressed the Chinese leader to use his influence over Russia to end the war in Ukraine. Xi was arriving in Europe…

World economy 11th April 2023

Is Recession Inevitable?

Morgan Stanley | The probability of recession especially in the US has increased for most investors in recent weeks. Indeed, our analyst Ellen Zentner has revised her growth estimates downwards (on a 4Q/4Q basis): -10bps for 2023 (to 0.3%) and -20bps in 2024 (to 1%). Even in the case of avoiding technical recession, the impact on the labour market would be unavoidable: the macro team expects new jobs to be…

European economy, Relevant News Item 14th February 2023

European Commission upgrades forecasts but inverted German debt curve points to recession

The European Commission has raised its 2023 growth forecast to 0.9% vs 0.3% and lowered its inflation forecast from 6.1% to 5.65% for this year. The note highlights that domestic demand could turn out to be stronger than expected if the recent declines in wholesale gas prices are passed through to consumer prices more strongly, which we doubt, and consumption proves more resilient. In fact, this has had little reaction…

European economy 7th October 2022

Calls Are Growing For A European Fiscal Programme

Santander | Calls are growing for a European fiscal programme. Financed by joint SURE-style emissions guaranteed by member states. In this case, to combat the energy and security crisis as proposed in their open letter by EC Commissioners for Economy and Home Affairs Gentiloni and Breton last Monday. Yesterday it was the turn of Von der Leyen, who called for the EU to seek other sources of funding to accelerate…

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