Recent Updates

  • South Africa: CPI (Jun)
  • Saudi Arabia: WPI (Jun)
  • Czech Republic: Business Cycle Survey (Jul)
  • Luxembourg: Industrial Indexes (May)
  • France: France: Construction Survey (Jul)
  • more updates...

Economy in Brief

February Indicators of Confidence in Reporting Euro-zone Countries Present a Mixed Picture
by Louise Curley February 24, 2004

Germany, Italy and the Netherlands have released February measures of business and/or consumer confidence. The picture is a mixed one. Business confidence in Germany and the Netherlands declined after having been on a rising trend since December 2002 in the case of Germany, and June 2003 in the case of the Netherlands. The new IFO index for all Germany declined 1.13% in February and the percent balance of producers in the Netherlands who expect better conditions fell 1.6 points. (For the first time, the IFO index covers all of Germany. Previously, data were published for West and East Germany separately, with the index for West Germany taken as the headline indicator. In addition the index has been rebased from 1991=100 to 2000=100.)

Consumer confidence in the Netherlands increased sharply, rising from -32 in January to -22 in February and is well above the year ago figure. In Italy, however, consumer confidence declined by a small 0.1%, but is almost 8.5% below the year ago figure.

Measures of Confidence Feb 04 Jan  04 Feb  03 M/M 
%
Y/Y 
%
2003 2002 2001
Business Confidence                 
 Germany IFO (2000=100) 96.4 97.5 89.3 -1.03 7.95 91.7 89.4 92.1
 Netherlands % balance -3.0 -1.4 -6.6 -1.6 3.6 -5.6 -1.6 -1.1
Consumer Confidence                
 Italy (1980=100) 98.8 98.9 102.9 -0.10 -8.43 106.1 115.8 122.6
 Netherlands % balance -22 -32 -37 10 15 -35 -20 -1
close
large image