- Core inflation eases only marginally in April (5.60% y/y). Services inflation accelerates again, with an even bigger rise in ex-package holidays, air fares & accommodation (pages 2-8)
- Ifo expectations shows big improvement (page 9)
- Domestic new orders slip in Germany (pages 10-11)
- Composite PMI improves, led by recovery in services, notably in Spain and Italy. Contraction in manufacturing intensifies across Eurozone, according to the PMI (pages 12-18)
- Consumer confidence for Eurozone improves, notably in Germany, Italy and Netherlands. Economic sentiment slips in France, but brightens in Italy, Spain and Greece (pages 19 – 28)
- Retail sales slip in Germany, but strong in most other countries (pages 29-30)
- New vehicle registrations turning up (page 31)
- Real GDP up just 0.1% q/q in Q1, and unchanged over last two quarters (pages 32-35)
- Industrial production fell sharply in March. Production in Ireland tumbled 26.3% m/m. Output in Germany also declined 3.1% m/m (pages 36-37)
- But construction was strong (page 38)
- Upbeat labour market data. The decline in unemployment accelerated in March: jobless rate hit a new low (page 39)
- Big rise in German labour force; very strong employment growth in Spain (April data) (pages 40 – 49)
- Wage pressures intensified towards the end of 2022 (pages 50 – 54)
- Productivity stagnant (page 55)
- M3 growth slows: loan demand weak (pages 56 – 59)
- House prices slide in Germany (pages 60 – 61)
- Household, corporate sector debt falling in Italy, Spain, Portugal and Greece (pages 62 – 65)
- Fiscal deficits improved in 2022: bond spreads subdued (pages 63 – 71)
- Investment in IPP rising (pages 72 – 75)
- Eurozone trade deficit narrows in year to March. Exports to the US remain strong (pages 76 – 81)
- Current account narrowed in year to February too (pages 82 – 85)
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