Recent Updates

  • Euro area: Flash Consumer Confidence (Apr)
  • Ireland: Producer & Wholesale Price Indexes (Mar)
  • UK: Capital Issuance (Mar)
  • Spain: Trade in Constant Prices, Trade in Goods (Feb)
  • Germany: Federal Budget, PPI, Monthly Tax Revenue (Mar), Short-term Indicator (Feb), Public Sector Finance (Q4)
  • Colombia: Imports (Feb); Brazil: IPCA-15 (Apr)
  • Turkey: Non-Domestic PPI, House Sales, Central Government and Domestic Debt by Instrument, External Debt by Lender, Domestic
  • more updates...

Economy in Brief

  Euro Area IP Looses Some Momentum
by Robert Brusca April 14, 2008

The e-Zone is showing some loss in momentum particularly among consumer goods and intermediate goods industries. Capital goods momentum has remained in tact albeit with hints of weakness in its recent volatility. In the quarter to date (Jan and Feb) growth is still running at a strong 6% annual rate compared to Q4 of 2007. But consumer goods output was negative in February and its Q1 growth rate is 2.2%. Intermediate goods output rose by 0.5% in February and it up at a 5.3% pace in Q1. Capital goods output is up by a strong 13.3% pace. Germany continues to post very strong IP figures but these belie some recent weakness in German orders. So far the Euro Area shows only scattered signs of slowing despite some dips in morale and a still-rising euro exchange rate.


E-zone and UK IP and MFG
Saar except m/m Mo/Mo Feb
08
Jan
08
Feb
08
Jan
08
Feb
08
Jan
08
 
Euro Area Detail Feb
08
Jan
08
Dec
07
3Mo 3Mo 6mo 6mo 12mo 12mo Q-2
Date
Manufacturing 0.3% 1.1% 0.2% 6.7% 3.4% 1.0% 3.1% 2.9% 3.1% 6.0%
Consumer Goods -0.5% 0.8% 0.0% 1.6% 1.4% -2.4% 1.6% 0.6% 1.4% 2.2%
Consumer Durables -0.4% 2.4% -0.2% 7.5% 1.1% -7.7% -0.3% -0.7% 0.5% --
Consumer Nondurables -0.4% 0.5% 0.1% 1.0% 1.9% -1.7% 2.1% 0.9% 1.7% --
Intermediate Goods 0.5% 0.7% 0.6% 7.4% 2.1% 0.5% 2.1% 2.0% 2.2% 5.3%
Capital Goods 0.9% 2.4% -0.3% 12.8% 8.1% 5.6% 6.9% 6.9% 6.8% 13.3%
Main E-zone Countries and UK IP in MFG
  Mo/Mo Feb
08
105.9 Feb
08
105.9 Feb
08
105.9  
MFG Only Feb08 Jan-08 Dec
07
3Mo 3Mo 6mo 6mo 12mo 12mo Q-2
Date
Germany: 0.3% 1.0% 1.7% 12.6% 10.5% 6.1% 9.7% 6.3% 6.9% 11.1%
France: IP excl Construction 0.3% 0.6% 0.7% 6.3% -1.5% 1.1% 1.0% 2.0% 2.9% 3.0%
Italy -0.3% 1.8% 0.0% 6.1% 1.7% -5.2% -1.9% -1.9% -2.3% 5.8%
Spain 2.5% 3.2% -0.7% 21.7% -10.2% 5.5% 0.7% 4.1% -1.1% 10.9%
UK 0.4% 0.5% -0.2% 2.7% 0.4% 1.0% 0.6% 2.0% 0.7% 2.3%
close
large image