Euro Area growth remains weak in the winter 2014/2015 according to the Eurogrowth Indicator calculated by the Euroframe group in February. The forecast quarter-to-quarter growth rate for the fourth quarter of 2014 is 0.3 per cent, unchanged from the January estimation. The forecast growth rate for the first quarter of 2015 inched up by 0.1 percentage points to 0.4 per cent. The respective year-on-year growth rates were both 0.9 per cent.
A small improvement in the estimated first quarter growth stems from industrial managers’ improved confidence, which affects the Indicator coincidentally. The support is still weak, however. On the other hand, …read more