The following represents a general Table of Contents outline for the Eurozone Weekly Economic Briefing.
The actual report may cover any or all of the topics listed below.
Eurozone Weekly Economic Briefings
- Lead Article: Two to five page briefing headed by a synopsis of events-driven analysis for the week, which highlights most recent data releases, and political and economic developments.
- Historical, forecast, and analytical charts and graphs support the lead article.
Country specific and/or Eurozone charts include the most relevant indicators and exemplify any changes in the outlook.
The historical charts typically offer a 10 to 15 year time series and cover headline and other relevant indicators including GDP, employment, inflation, exchange rate changes, consumer and business confidence, developments in the capital markets, the composition of sovereign debt including amortization schedules and changes in yields, economic outlook by sector, etc.
The forecast charts typically look out to four years ahead. In addition, analytical graphics clearly present empirical evidence supporting the text.
- Latest Data in Detail: One to two pages of summary analysis and associated graphics that offer a 10 to 15 year snapshot of the week’s data releases. .
- The Week Ahead: A chart of scheduled data releases including the last release and consensus forecast.
- Key Indicators: Eurozone table showing monthly percentage changes for the past year for the following: Industrial production; unemployment; CPI; business and consumer confidence; and trade.
- Financial Indicators: Eurozone table showing monthly percentage changes for the past year for interest and exchange rates, money supply, share price indices and net foreign direct investment.
December’s industrial production numbers suggest the external slowdown is proving to be a significant negative drag on growth. For now at least, this is being offset by the strength of consumption, with GDP proving remarkably resilient and again growing by 0.3% in the fourth quarter, as it did in Q3. The European banking sector has meanwhile again found itself in the centre of this week’s pronounced market sell off. We think the increasingly adverse effects of negative interest rates on banks’ profitability will most likely see the ECB introduce a tiered deposit rate at its March policy meeting.