MacroEconomic Bulletin - First half of September 2023
The #ECB decided to raise interest rates again to +4.5%, its highest level since 2001, at its meeting on Thursday, September 14.
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Posted on : 2023-09-18
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MacroEconomic Bulletin - Second half of August 2023
In the second half of August, some relevant data have been released ahead of the next ECB and Fed meeting. Nevertheless, they reveal a mixed outlook, with inflation still high, while expectations indicators remain pessimistic for the second half o...
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Posted on : 2023-09-01
MacroEconomic Bulletin - First half of August 2023
We think that risks in the euro zone come from two sources: on the one hand, from the demand side, which is still weak and negatively affected by inflation and interest rate hikes;
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Posted on : 2023-08-14
MacroEconomic Bulletin - Second half of July 2023
As expected, central banks have not abandoned the roadmap and are continuing with rate hikes by a quarter point in the case of both the ECB and the FED...
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Posted on : 2023-07-29
Macro & Credit Report
In this report we assess the shape of the Euro credit market at the conclusion of the first half of 2023 and elaborate on macroeconomic and sectorial trends and prospects for the rest of the year.
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Posted on : 2023-07-25
MacroEconomic Bulletin - First half of July 2023
In June, the Composite PMIs of different economies point to a worsening of the economic situation caused by the manufacturing sector. As for the euro zone, the outlook offered by this indicator worsens compared to...
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Posted on : 2023-07-17
MacroEconomic Bulletin - Second half of June 2023
Euro zone inflation continues its moderating trend, with CPI falling again in June. According to the first estimate presented by Eurostat, euro zone inflation stood at +5.5% yoy in June, six tenths less than in May (+6.1% yoy).
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Posted on : 2023-07-03
MacroEconomic Bulletin - First half of June 2023
As we anticipated in our latest bulletin, the ECB makes another rate hike and hints there are more to come. Following its meeting on June 15, the ECB announced a further rate hike of 25 basis points, increasing the benchmark rate to 4.0%.
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Posted on : 2023-06-19
MacroEconomic Bulletin - Second half of May 2023
May Flash PMIs remain in the expansion zone, although supported by the services sector. The composite Flash PMI for the euro zone stays below the expansion zone at 53.3 points, although it shows a decrease compared to April (54.1). This decline is...
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Posted on : 2023-06-01
MacroEconomic Bulletin - First half of May 2023
The beginning of May has been accompanied by an improvement in growth forecasts for the main euro area economies, easing the fears of a recession.
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Posted on : 2023-05-17