The inflation rate in the Eurozone stood at 2.5% year-on-year in June, one tenth of a percentage point lower than the rise in prices observed in May, according to the second reading of the data published by the EU statistics office, Eurostat, while in the European Union (EU) as a whole the rate fell by one tenth of a percentage point to 2.6%. The slight moderation in price increases in…

Link Securities | Eurostat published yesterday that industrial production in the Eurozone declined 0.6% in the month of May relative to April, in seasonally adjusted data. The reading beat the 1.0% drop expected by FactSet’s consensus of analysts. By industry type in May, output fell 1.0% for intermediate goods, 1.2% for capital goods and 1.8% for consumer durables. Conversely, output rose 0.8% for energy and 1.6% for consumer non-durables. Year-on-year,…

CdM | Eurozone inflation rose two tenths of a point in May to 2.6%, while the underlying rate, which excludes the impact of energy and food, also rose two tenths of a point to 2.9%, according to data published by Eurostat, the European Union (EU) statistics office. This means that the Consumer Price Index (CPI) recorded its first increase since December last year, reaching the highest level since last February….

Link Securities | Eurostat published yesterday that, according to its first estimate of the data, the Eurozone goods trade balance reached a surplus of €15,000 million with the rest of the world in April, compared to a deficit of €11,100 million in April 2023. In April, exports of goods from the Eurozone to the rest of the world amounted to €247.6 billion, an increase of 14.0% year-on-year. For their part,…

Banca March: In the eurozone, the money supply is recovering. April’s figures showed M3 growth of +1.3% year-on-year, four tenths of a point higher than in the previous month, signalling a revival in money supply. On the side of loans to the private sector, those related to households repeated growth rates of +0.2% year-on-year, while loans to non-financial companies moderated one-tenth of a point to +0.3%.

CdM | The economic recovery in the eurozone gained momentum in May. “It seems that the results could not have been better”. The PMI index “reveals that the euro area economy is strengthening further”. Indeed, the pace of expansion was solid, accelerating for the second month in a row to the fastest in twelve months. The overall expansion was again driven by the services sector, with business activity increasing for…

Link Securities | As released by the European Central Bank (ECB) last Friday, the M3 monetary aggregate grew in March in the Eurozone at an annual rate of 0.9% (0.4% in February), higher than the 0.6% rate expected by FactSet consensus analysts. M3 is considered a good indicator of future economic expansion. In addition, and in March, bank lending to households in the Eurozone rose 0.2% year-on-year compared to a…

CdM| Industrial production rose by 0.8% in the eurozone in February and by 0.7% in the European Union (EU) as a whole compared with the previous month, according to initial estimates from Eurostat, the EU’s statistical office. Compared with the same month last year, the indicator fell by 6.4% in the euro area and by 5.4% in the EU. In detail, and on a month-on-month basis, industrial production in the…

CdM: According to a preliminary estimate by Eurostat, the statistical office of the European Union, annual inflation in the euro area is expected to be 2.4% in March, down from 2.6% in February. Regarding the main components of eurozone inflation, services are expected to register the highest annual rate in March (4%, stable compared to February), followed by food, alcohol and tobacco (2.7%, compared to 3.9% in February), non-energy industrial…

BancaMarch : In January, M3 grew by +0.1% year-on-year, a tenth of a percentage point less than in the previous month but already far from the -1.3% fall recorded in August last year. More relevant is the evolution of loans, which if we look at those to households continued to decelerate by one-tenth of a point to +0.3% year-on-year, while loans to non-financial companies slowed to +0.2% from +0.5% (a…