euros recurso

Money supply picks up in Eurozone with a 1.3% annual increase, up from 0.9% in previous month

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%.

eurozona mapa billete 1

Eurozone economic recovery accelerates: new orders rise at fastest pace in more than a year

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…

IPC varios Eurozona.

M3 monetary aggregate grows at annual rate of 0.9% in euro area in March after 0.4% in February

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…

Eurozona PMIs

Eurozone industrial production rises by 0.8%, EU’s up 0.7% in February

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…

precios inflacion

Eurozone: March inflation flash estimate points to decline to 2.4% vs. 2.6% in February

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…

The Eurozone trap

Eurozone money supply remains stagnant, but shows signs of stabilisation

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…

coches aparcamiento

New car sales up 11.5% 1,015k units in Eurozone in January

Bankinter : New car sales rose strongly in January and were up 11.5% year-on-year to 1,015k units in January against a 3.3% drop previously. Assessment: Good news for stock markets, as they show an improvement in demand and should support industrial activity. Brands such as Tesla, up 86.3%, Nissan, 38%, and BMW, 29.7%, stand out positively, while sales of Mercedes-Benz, down 10.6%, Ford, 6.1%, and Renault, 2.1%, all fall.

eurozone quarantine

Eurozone government debt falls to 89.9% of GDP, deficit moderates to 2.8%

CdM| Eurozone government debt has fallen to 89.9% of GDP in the third quarter of 2023. According to data from Eurostat, the EU’s statistical office, this figure reflects a fall of four tenths of a percentage point from the figure for the second quarter of last year (90.3%), while the public deficit fell to 2.8% from 3% in the previous quarter. In the European Union, government debt also declined from…

eurozona banderas CM

New EU fiscal rules: expenditure path to be single indicator for whole adjustment period

Bankinter: Ecofin reaches a political agreement on the reform of fiscal rules. Once revised, it will have to go through Parliament and the Council; it is expected to come into force in 2024. Each country will present its own fiscal plan with a fiscal adjustment period of four years, extendable to seven years, to allow for strategic investments and reforms. The single indicator for the whole adjustment period will be…

eurozona mapa billete 1

Eurozone inflation falls to 2.4% in November, lowest since July 2021

CdM| Eurozone inflation continues to moderate and stood at 2.4% in November, down from 2.9% in October, its lowest level since July 2021, according to final data released by Eurostat, the European Union (EU) statistics office. In this way, the evolution of prices in the euro area is gradually approaching the 2% target set by the European Central Bank (ECB), although the president of the body, Christine Lagarde, has warned…