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Eurozone Growth Tracker

Dariana Tani - March 2015

Speed Read
  • GDP rose by 0.8% in the euro area in the third quarter of 2014, unchanged from the previous quarter.
  • Leading indicators signalled an ongoing weakness in economic activity, with the OECD CLI at 100.6 in December.
  • Retail sales registered a year-on-year increase of 3.2% in January, compared to 3.1% in December.
  • The jobless rate was at 11.2% January, down from 11.4% in December, the lowest rate since April 2012.

GDP Growth
Annual Real GDP 1961 – 2014: 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 for updates.


Long term GDP, Penn Data Tables & IMF


Short term GDP, Eurostat

OECD Composite Leading Indicators (CLI)

The Conference Board Leading Economic Index

IPSOS Consumer Confidence

Eurostat Consumer Confidence Indicator

Real Retail Sales

Monthly Car Sales, European Society of Automobile Manufacturers

Eurostat Economic Sentiment Indicator

Employment Indexes

Industrial Production Index

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