World Economics - Insight , Analysis and Data

World Economics - Insight , Analysis and Data

Eurozone Growth Tracker

Dariana Tani - December 2014

Speed Read
  • Real GDP grew 0.7% in the second quarter of the year compared with 1.0% in the previous quarter.
  • Leading indicators continued to point to weak activity, with the OECD CLI unchanged in September.
  • Retail sales registered a monthly rise of 0.4% in October, after declining by 1.2 in September.
  • The unemployment rate was 11.5% in October, unchanged compared to September.


GDP Growth
Annual Real GDP 1961 – 2013: 50 Years of Declining Growth


Quarterly Real GDP Growth Q1 2008- Q1 2014 







Leading & Composite Indicators

OECD Composite Leading Indicator
The OECD composite leading indicator® (CLI) is designed “to provide early signals of turning points between expansions and slowdowns of economic activity”. Its components include Production Orders, Finished Goods Stock, Order Books, Order Inflows, Industrial Confidence Indicator, Share Prices, Consumer Confidence Indicator, Short & Long Term Interest Rate and Share Price Spread.  




The Conference Board Leading Economic Index
The eight components of The Conference Board Leading Economic Index® (LEI) for the Euro Area include: Economic Sentiment Index, Index of Residential Building Permits Granted, Index of Capital Goods New Orders, EURO STOXX® Index, Money Supply (M2), Interest Rate Spread, Eurozone Manufacturing Purchasing Managers’ Index, and Eurozone Service Sector Future Business Activity Expectations Index.  



 
Consumer Indexes

IPSOS Consumer Confidence
The IPSOS Global @dvisor: ‘On the Economic Pulse of the World’ uses a monthly sample of over 18,000 adults worldwide (with a minimum of 1000 in each country) and a demographic weighting system to produce an accurate perception of consumers’ perspectives.  


Eurostat Consumer Confidence Indicator

The consumer component of the Economic Sentiment Indicator measures the level of optimism that consumers have about the performance of the economy. 




Consumer Demand

Real Retail Sales
Turnover for retail trade in the Eurozone is compiled as an index with a current base year of 2005.



New Car Registrations




Business Indexes

Eurostat Economic Sentiment Indicator
The Economic Sentiment Indicator is made up of the 15 individual components of the Eurostat confidence indicators. The largest components are Industry, Services, Consumers, Construction and Retail trade. 




Employment Indexes
The unemployment rate is represented as the number of unemployed persons in thousands.




Industrial Production Index



 
The Eurozone Growth Tracker: Note to Users

 
Use of these data should be made in the recognition that World Economics shall not have any liability for these data or bear any responsibility for any actions taken based on these data, and in no event shall be liable for damages of any sort arising from use of these data.
 
World Economics will update the monitor on a regular basis as further data becomes available.
See http://www.worldeconomics.com/EurozoneGrowthTracker for updates.

Sources

Long term GDP, Penn Data Tables & IMF

http://pwt.econ. upenn.edu/php_site/pwt70/pwt70_form.php
http://www.imf.org/external/pubs/ft/weo/2014/01/weodata/index.aspx

Short term GDP, Eurostat

http://epp.eurostat.ec.europa.eu/portal/page/portal/national_accounts/data/database

OECD Composite Leading Indicators (CLI)

http://stats.oecd.org/Index.aspx?DatasetCode=MEI_CLI

The Conference Board Leading Economic Index
http://www.conference-board.org/data/bcicountry.cfm?cid=10

IPSOS Consumer Confidence
http://www.ipsos-na.com/download/pr.aspx?id=13902

Eurostat Consumer Confidence Indicator
http://ec.europa.eu/economy_finance/db_indicators/surveys/documents/2014/fcci_2014_10_en.pdf

Real Retail Sales
http://epp.eurostat.ec.europa.eu/portal/page/portal/short_term_business_statistics/data/database

Monthly Car Sales, European Society of Automobile Manufacturers
http://www.acea.be/press-releases/article/passenger-car-registrations-6.5-in-first-half-year-4.5-in-june

Eurostat Economic Sentiment Indicator
http://ec.europa.eu/economy_finance/db_indicators/surveys/documents/2014/esi_2014_08_en.pdf

Employment Indexes
http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/3-29082014-AP/EN/3-29082014-AP-EN.PDF

Industrial Production Index
http://epp.eurostat.ec.europa.eu/tgm/table.do?tab=table&plugin=1&language=en&pcode=teiis080




 
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