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- Title
Europe.
- Abstract
After two quarters of moderate GDP growth of 0.3% in the second half of last year, it appears that the Eurozone recovery regained a bit of steam in early-2016. Admittedly, this is not reflected in the performance of the business surveys; in Q1 the average reading for the composite PMI was the lowest in a year. But the PMI has not been a very reliable indicator of GDP growth recently. Hard data for two months of Q1 are available for most of the key indicators and these paint a much more positive picture. Industrial production is on track to rise by about 1% over the quarter, its fastest pace since early 2011. Meanwhile, retail sales and car registrations are both on track to grow rather more strongly in Q1 than Q4.
- Subjects
EUROPE; ECONOMIC conditions in Europe, 1945-; GROSS domestic product forecasting; ECONOMIC conditions in the Eurozone; EUROPEAN Sovereign Debt Crisis, 2009-2018; ECONOMIC recovery; TWENTY-first century; ECONOMIC policy
- Publication
Economic Outlook, 2016, Vol 40, Issue 2, p38
- ISSN
0140-489X
- Publication type
Article
- DOI
10.1111/1468-0319.12220