GERMAN industrial output surprisingly fell in December for the fourth consecutive month, putting the eurozone on high alert and increasing concerns around Europe’s biggest economy. The latest data from the country’s Federal Statistics Office revealed industrial output was down 0.4 percent on November. This was in complete contrast to a forecast from Reuters for an…
Titian’s Europa: The economy was bullish for a while, but not right now. Titian / Wikimedia, CC Italy recorded GDP growth of exactly 0.0%. The economies of Germany and the UK also looked fragile last week. “Eurozone growth is faltering faster than we had expected,” says HSBC. Until now, Europe has coped with a war in…
THE EU is heading for a “crisis” with Italy as the eurozone’s third-largest economy teeters on the edge of a financial crisis, Brussels bosses have warned. Pierre Moscovici, European Commissioner, said it was the bloc’s duty to ensure the eurozone doesn’t crumble under the pressure of Rome’s financial troubles. Italian government officials remain locked in…
Ifo keeps hopes alive An unchanged Ifo index finally brings some good news to the Eurozone How times can change. After weeks and months of disappointing data, not only from Germany but the entire Eurozone, an unchanged Ifo index is good news. After five consecutive drops, Germany’s most prominent leading indicator, the Ifo index, remained…