Recent Updates

  • FRANCER: CPI Metropolitan France (Nov)
  • France: CPI (Nov)
  • Germany: CPI/HICP (Nov), Agricultural PPI (Oct)
  • South Africa: Financial Statistics (Q3)
  • Sweden: Job Termination, Registered Unemployment (Nov)
  • Japan: Foreign Currency-Denominated Assets (Nov)
  • Denmark: Employees by Industry (Q3)
  • Kazakhstan: Retail Trade (Nov)
  • Indonesia: Trade Revisions (Oct)
  • more updates...

Economy in Brief

EU Index At Record Low
by Robert Brusca January 30, 2009

The EU sentiment index has fallen to a record low. Most of its sector readings are on lows as well. Construction, in the lower 13% of its range, is the strongest sector in relative terms. The sentiment indices for the major EMU nations and for the UK are on lows as well – at the very bottom of their ranges. France is the relative strongest in only the bottom 5% of its range. Europe is obviously getting clobbered and the weakness runs across sectors and countries. The EMU overall sentiment reading fell to 64.9 in Jan from 68.2 in December – a very sharp fall at a reading level that is already so low. That is not a good sign. The pace of the drop in sentiment is not slowing down.

EU Sectors and Country level Overall Sentiment R-SQ
EU Jan
09
Dec
08
Nov
08
Oct
08
%tile Rank Max Min Range Mean w/
Overall
Overall 64.9 68.2 75.1 81.1 0.0 220 116 65 51 100 1.00
Industrial -34 -32 -25 -19 0.0 220 7 -34 41 -8 0.85 
Consumer Confid -31 -28 -24 -23 0.0 220 2 -31 33 -11 0.87
Retail -25 -25 -18 -16 0.0 219 6 -25 31 -6 0.61
Construction -36 -32 -28 -25 13.3 203 3 -42 45 -17 0.48
Services -28 -23 -18 -10 0.0 145 33 -28 61 15 0.82
  %m/m Jan
09
Based on Level Level  
EMU -2.1% -10.2% -5.7% 68.9 0.0 220 118 69 49 99 0.96
Germany -4.0% -6.4% -7.0% 74.4 0.0 220 121 74 46 99 0.61
France -1.2% -10.6% -1.8% 74.4 5.2 219 119 72 47 100 0.81
Italy -1.4% -11.7% -1.4% 71.9 0.0 220 121 72 50 100 0.79
Spain 3.7% -7.2% -3.4% 69.2 5.0 219 117 67 50 100 0.69
Memo:UK -10.9% -0.6% -9.9% 60.2 0.0 220 117 60 57 100 0.50
Since 1990 except Services (Oct 1996)247 -Count Services: 145 -Count      
Sentiment is an index, sector readings are net balance diffusion measures
close
large image