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Euro Growth Indicator July 2015

Recovery Euro area GDP growth expected to remain on track

GDP growth in the euro area will slightly accelerate to 0.6 per cent in the second quarter of 2015 from 0.4 percent both in the final quarter of last year and in the 1st quarter of 2015, according to the July EUROGROWTH Indicator estimate. While the second quarter estimate is unchanged from last month, the estimate for the third quarter is revised downwards, from +0.7 % to +0.5 percent, reflecting somewhat weaker confidence in the industrial sector.

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Euro Growth Indicator June 2015

Recovery in the euro area is picking up speed

Growth in the euro area will accelerate to 0.6 per cent in the second quarter of 2015 from 0.4 percent in the first quarter, according to the June EUROGROWTH indicator. The first estimation for the third quarter forecasts a further slight increase in the growth rate to 0.7 percent. On a year-on-year basis, the expansion is expected to strengthen to 1.6 per cent in the current quarter and 2.1 percent in the third quarter, the highest rate of growth since early 2011.

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Euro Growth Indicator May 2015

May EUROGROWTH indicator confirms strengthening of recovery in the euro area.

According to the EUROGROWTH indicator May estimates, euro area GDP growth will accelerate from 0.3 percent in the fourth quarter of 2014 to 0.4 and 0.6 percent in the first and second quarters of 2015, respectively, confirming the expectation of an acceleration of economic activity in the first half of 2015. On a year-on-year basis, growth should accelerate from less than 1 per cent in the last four quarters to 1.5 per cent in the current quarter.

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Euro Growth Indicator April 2015

A chance for a recovery in the euro area

According to the EUROGROWTH indicator April estimates, euro area GDP growth will accelerate from 0.3 percent in the fourth quarter of 2014 to 0.4 and 0.5 percent, respectively, in the first and second quarters of 2015. On a year-on-year basis, growth should accelerate up to mid-2015 from less than 1 per cent in the last four quarters to 1.5 per cent:  the euro area economy seems to start recovering at last.

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