Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

Eurozone economic confidence hits highest level since 2000

January 09, 2018


Abstract : The Eurozone economic confidence continued rise to its highest level since October 2000 in December.

欧盟

BRUSSELS, Jan. 8 (Xinhua) -- The Eurozone economic confidence continued rise to its highest level since October 2000 in December.

Figures from the European Commission showed the Economic Sentiment Indicator (ESI), which mirrors the economic confidence, increased strongly by 1.4 points in the eurozone to 116.0, and by 1.6 points in the EU to 115.9 in December from the previous month, reaching the highest levels since October (euro area) and August 2000 (EU), while continuing the upward trend observable since autumn 2016.

The more optimistic eurozone sentiment was primarily boosted by marked increases in confidence in the services, retail trade and construction sectors. Confidence rose further in industry and among consumers as well.

Amongst the largest euro-area economies, the ESI rose strongly in France by 2.3 points and Germany by 1.6 points and, to a lesser extent, in the Netherlands by 0.7 percent. It remained unchanged in Italy while decreased slightly in Spain by 0.8 points.

Capital Economics' European economist Stephen Brown said the data pointed to quarterly GDP growth of around 0.8 percent, roughly consistent with annual growth of 3.2 percent.

However, he said despite signs of strong growth in the eurozone, consumers' 12-month inflation expectations fell to a four-month low in December.

"So there might be upside risks to the already above-consensus forecast for euro-zone GDP growth of 2.3 percent in 2018; we doubted that this will prompt the European Central Bank to alter its dovish stance," he said.

Scan the QR code and push it to your mobile phone

Keyword: eurozone EU-economy economic-confidence

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial