The new Global Trust Report from GfK shows how decades of trust-building in the Western European banking and insurance sectors have been wiped out by the financial crisis, while levels of trust in the Euro have also fallen to shockingly low levels. The results shown in the charts below are based on around 28,000 interviews [...]
A new working paper from Hans-Werner Sinn, President of the Germany-based Ifo Institute for Economic Research, takes a close look at the lack of competitiveness that continues to plague the southern Euro area and France. The paper contains bad news – essentially stating that the Euro crisis has calmed down at first glance only, while [...]
As promised, here are a handful of pictures from the Polish provinces – taken as we (Planet Retail’s macrodata crew) spent half a day hopping across the border from the German Retail Congress in Berlin. Specifically, we visited Rzepin, a small town with less than 7,000 inhabitants.
What struck us most was the continued high level [...]
Eurostat, the European Union’s statistics body, has one of the most complicated web addresses in the world, which means its site is essentially accessible via Google only to anyone unable to remember strings like epp.eurostat.ec.europa.eu. But once you’ve got through, you’ll find the latest update on European retail sales.
In September, Euro area sales fell [...]
Here are a couple of charts highlighting the dynamics of social change in Western Europe - and we’re looking at fast-ageing societies indeed (as always, you can click on the charts to see larger versions of them).
These ageing societies will inevitably lead to smaller households and higher levels of income redistribution. The latter will [...]
As the European Stability Mechanism (ESM) has been pushing into global headlines again after yesterday’s conditional go-ahead from Germany’s constitutional court, here are some questions and answers about what will be a key tool for policymakers to keep the Euro crisis under control – today with a chart and decent contents input from our team [...]
One of the great things about democracy is the fact that governments tend to fight for re-election on a regular basis, and often they do so by releasing over-optimistic growth forecasts for their domestic economies.
Today’s example comes from the US where the presidential elections are due in November. Well, to be fair, the US administration [...]
Quick interim update: as promised, here are the Eurostat price level statistics missing from last time! As always, you can click on the charts to see larger versions…
Have a good weekend,
New figures are out from Eurostat, comparing the cost of consumer goods and services across a total of 37 European countries.
According to the tables, the most expensive places are Switzerland (with a price level at 162% of the EU average), Norway (151%) and Denmark (142%), while the cheapest countries surveyed are Macedonia (45%), Albania [...]
Annual inflation in the Euro area fell slightly to 2.6% in April, according to Eurostat, coming down from 2.7% in March. A year earlier inflation had been 2.8%, and what this tells us is that while there clearly is a slight downward trend, inflation continues to be well above the official ECB target of ‘below [...]