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%…
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…
Singular Bank: April’s preliminary reading of the Eurozone manufacturing purchasing managers’ index showed a slight gain of 0.1 points to 48.7 points (versus 48.6 points in March), the highest in 27 months and above analysts’ consensus estimates (47.4 points). On the other hand, the preliminary services PMI has decreased 1.3 points with respect to March to 49.7 points. Thus, the preliminary reading of the Euro zone composite PMI in April…
Singular Bank: According to Eurostat’s final reading, in March the year-on-year rate of change of the Eurozone’s headline CPI moderated slightly to 2.2% (compared to 2.3% in February), its lowest since November 2024. This year-on-year increase was mainly explained by the contribution of services (up 1.56pp), followed by food, alcohol and tobacco (0.57pp) and non-energy industrial goods (0.16pp), in contrast to the negative contribution of energy (down 0.10pp). In a…
CdM | Eurozone retail sales grew less than expected in February. Compared to last month, seasonally adjusted retail trade volume increased by 0.3% (against the expected 0.5%) in the eurozone and by 0.2% in the European Union (EU), according to initial estimates from Eurostat, the EU’s statistical office. In January 2025, the volume of retail trade remained stable in the eurozone and grew by 0.1% in the EU. In year-on-year…
CoM | Industrial producer prices rose by 0.2% in the eurozone and by 0.3% in the European Union (EU) in February compared with January 2025, according to first estimates from Eurostat, the statistical office of the European Union, and were above the consensus forecast of 0.1%. In January 2025, prices had risen by 0.7% in the eurozone and 0.8% in the EU, according to Eurostat’s latest revision. In year-on-year terms,…
Banca March | In the Eurozone, the money supply has accelerated to its highest level since November 2022: the M3 registered an increase of 4% year-on-year, two tenths above the previous month. This improvement shows greater dynamism in credit, with loans to non-financial companies growing by 2.2%, two tenths more than the previous month, and loans to households also accelerating to a year-on-year increase of 1.5% (against 1.3% previously). These…
Link Securities | The European Commission (EC) has published that, according to the preliminary reading of the data, the Eurozone consumer confidence index fell in March to -14.5 points from -13.6 points in its final reading in February. The consensus of FactSet analysts expected a significantly higher reading of -12.9 points. It should be noted that this indicator has averaged a reading of -10.57 points in the period from 1985…
Link Securities | According to data released by the Ministry of Industry, Trade and Tourism, in January Spain’s trade deficit increased to €6.19 billion, compared to €3.73 billion in the same month last year, reaching its highest level since October 2022. In January, exports fell by 1.2%, to €29.78 billion, weighed down by sharp contractions in the automotive sector (21.2%), energy products (15.0%) and capital goods (5.7%). Among the main…
CdM | Eurozone inflation rose by a tenth of a percent in January, bringing the year-on-year rate of the Consumer Price Index (CPI) to 2.5%, in line with estimates and the highest increase since July last year, according to the second reading published by Eurostat, the statistical office of the European Union (EU). The rise in inflation was mainly due to the increase in the cost of energy, which rose…