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Articles related to private consumption
Euro EUR/PLN Exchange Rate Falls Below 4.23 PLN. Forecast of Zloty Weakening
Polish economy grows 3.4% YoY. Consumption holds growth, but risks rise
EUR/USD at the threshold. One sentence from Iran could change everything
Retail sales clearly above expectations. Consumption accelerates
Poland’s Strong Consumption and Investment Point to Robust Growth with Mild Inflation Outlook
Combine rebounding investment with continued strength in private spending and you have a recipe for stronger economic growth. October's set of data suggests that GDP growth in the fourth quarter is likely to beat the 3.7% year-on-year rate posted in the third. At the same time, inflation is declining, which paves the way for another rate cut in December
Germany’s Economy: Three Years of Stagnation With Only Limited Signs of Recovery
Same old story: Germany’s longest stagnation has now been confirmed. The economy will remain stuck until fiscal stimulus begins to take effecta
East Asia Economic Outlook: BOK Holds Rates, Industrial Growth Continues, CPI and GDP Updates
The Bank of Korea is expected to hold the rates steady. Meanwhile, data highlights include Chinese industrial profits, Tokyo inflation, Korean and Taiwanese industrial production and Indian GDP
Bank Indonesia Holds Rates as Rupiah Weakens, but Easing Cycle Still Expected
Bank Indonesia held its policy rate at 4.75% amid inflation pressures and rupiah weakness, but we expect a cut in December to support growth. Risks remain skewed toward delays if currency pressures persist or the Fed postpones easinga
Early Third-Quarter Data Shows Stagnation Amid Weak Labour Market
Romania’s economy delivered a mild upside surprise in the third quarter. The flash estimate points to 1.6% annual growth, above our expectations, although it still contracted by 0.2% versus the previous quarter. Taken together, after nine months of 2025, the economy is 0.8% above the same period of 2024
Philippines Q3 GDP Slows Sharply as Investment and Consumption Weaken
Third-quarter GDP growth disappointed at 4.0% YoY, dragged down by weak investment and softer government spending, while exports provided temporary support. We downgrade our 2025 growth forecast to 4.7% (from 5.2%) as sentiment weakens and tariff headwinds loom, reinforcing our call for a 25bp central bank rate cut in December
Spain’s Growth Cools but Remains Resilient Amid Broader European Slowdown
Spain’s economy grew by 0.6% over the third quarter, following a robust second quarter, as external demand weakened. With signs of cooling in industrial activity and tourism, growth is expected to normalise over the coming quarters and into 2026
Italian Confidence Rebounds: Consumers and Manufacturers Signal a Stronger Fourth Quarter
Italy's October batch of confidence data marks an improvement in all monitored sectors but services. This is good news for Italian growth perspectives in the fourth quarter
South Korea’s Growth Driven by Consumption and IT Investment, While Housing Market Limits Policy Easing
South Korean growth beat expectations amid robust domestic demand, boosted by cash handouts and strong asset markets. Yet a slowdown is expected in the fourth quarter as government support wanes and export challenges abound
Eurozone: Consumer Confidence Rebounds, but Retail Spending Remains Muted
Eurozone retail sales declined by 0.1% in August compared to July. This sales trend has been roughly flat since April. The worried eurozone consumer is seemingly shying away from the shopping street despite improvements in purchasing power across the bloc
Romania: Retail Sales Slump Signals Cooling Consumer Demand Amid Fiscal Tightening
Romanian consumers have recently hit the brakes, signalling increased caution. While some of the August slowdown can be attributed to pre-emptive spending ahead of tax hikes, that doesn’t fully explain the drop. We do not expect this steep decline to become the norm, but caution is likely to persist into year-end and early 2026
Romania: Inflation Pressures Persist, but a More Dovish NBR Stance May Be on the Horizon
Despite inflation nearing double digits and real rates staying negative, the National Bank of Romania (NBR) is expected to maintain its cautious stance at its 8 October meeting, prioritising stability amid weakening consumption and uncertain growth prospects
Italy’s Inflation Stable at 1.6% in September Amid Stagnant Economy
With all driving factors set to remain in place, we expect inflation in Italy to continue to move within a narrow sub-2% band over the fourth quarter and confirm our forecast for average 2025 inflation at 1.7%
Italy’s Q2 GDP Confirms Mild Contraction as Exports Weigh, Consumption Lags
The 0.1% GDP contraction was driven by the net exports drag, partially offset by inventories and gross fixed capital formation. Consumption was flat, but could improve a bit over the rest of the year should inflation remain under control, as we believe
Polish Retail Sales Rebound in July, Supporting Stronger Consumption Outlook
Retail sales in July rose by 4.8%YoY in Poland, rebounding from June’s weaker 2.2% figure. The June dip was a one-off weakness and most likely reflected a temporary shift in consumer spending from goods to services, driven by increased travel and hospitality outlays during the Corpus Christi long weekend
France Faces Flat Growth Amid Sector Divergences and Weak Domestic Demand
In August, France’s business climate index remained stuck at 96 for the third consecutive month. While stable, it continues to hover below its long-term average, a sign that the economy is holding its breath rather than gaining momentum
Eurozone at a Crossroads: Navigating Trade War Fallout and Fiscal Firepower
PMI data released today will be closely scrutinised to gauge how the eurozone economy has navigated uncertainty triggered by Trump’s tariffs threats. Besides some sentiment effect, it is too early to assess the impact on the economy of Germany’s bold policy response to recent geopolitical events, with a commitment to heavily invest domestically.
Bank of Japan Keeps Rates Steady, Paves the Way for April Hike Amidst Market Disappointment
Charting Paths: 2024 Economic Outlook for Central and Eastern Europe and Central Asia - 12.12.2023
Charting Paths: 2024 Economic Outlook for Central and Eastern Europe and Central Asia
Romanian Economy Shows Resilience: Q3 Growth Revised Upward
German Economy Faces Persistent Stagnation: Factors, Challenges, and Uncertainties
Poland's Economic Rebound: Retail Sales and Construction Surge in Fourth Quarter
German Exports Fall Again, Adding to Economic Woes
Korea's Exports Rebound in October, Fueled by Strong Vehicle and Machinery Shipments Amid Global Demand Resilience
Tokyo CPI Surges: Growing Concerns for Bank of Japan Amidst Inflation Pressures
Romania's Economic Growth Slows in Q2, Leading to Lower 2023 Forecasts
Tentative Strength: Australia's 2Q23 GDP Outperforms Expectations
Swiss Economy Faces Significant Slowdown Amid Global Headwinds and Stagnant GDP
Persistent Stagnation: German Economy Confirms Second Quarter Contraction
Upcoming Economic Highlights in Asia: Trade, Inflation, and Central Bank Actions
Italian GDP Contracts in Q2, Posing Disinflation Challenges
German Economy Stagnates in Q2, Stuck Between Stagnation and Recession
Asia's Key Events: BoJ Meeting, Korea's GDP, Singapore Inflation, and Australia's CPI Data
Sluggish Inflation and Economic Outlook Pose Challenges for Austria's Competitiveness
Assessing the Latest German Industry Data: Insights on the Recession and Future Outlook
Italy's Economic Outlook: Consumers Optimistic, Businesses Cautious
German Economy Faces Setback as Ifo Index Plunges in June
Falling Retail Sales in Poland Signal Weakness in Second Quarter Consumption"
Erdogan's Re-election and the Challenges of Economic Rebalancing: A Post-Election Policy Outlook
Navigating Challenges: Serbia's Economic Outlook and Policy Choices
