In my view the dramatic reductions in house building in the UK and Eurozone and the sharp drop in UK house prices are the result of policy failures. Monetary policy was too easy for far too long, partly as a response to disastrous austerity policies.
#BankofEngland #eurozone #UK

📈🤔
Die Produktion in der #Eurozone schrumpft so schnell wie seit fast 3 Jahren nicht mehr.
PMI: 46,7; Juli: 48,6.
Der Dienstleistungssektor erstmals für das Jahr 2023 rückläufig. Die Kosteninflation beschleunigt sich wieder.
Die Konjunktur in Europa & Deutschland trübt sich rausch ein & dies bei einer weiterhin viel zu hohen #Inflation.
Good luck Madame Lagarde.

#Börse #Wirtschaft

Große Inflationsunterschiede in der Eurozone

Die Eurozone kämpft weiterhin gegen die hohe Inflation, jedoch mit erheblichen Unterschieden zwischen den Mitgliedsländern. Die durchschnittliche Inflationsrate verharrt im August bei 5,3 Prozent.

➡️ https://www.tagesschau.de/wirtschaft/inflation-eurozone-stagniert-unterschiede-100.html?at_medium=mastodon&at_campaign=tagesschau.de

#Inflation #Eurozone

#Eurozone #inflation unexpectedly steady in August but core drops https://www.reuters.com/markets/europe/euro-zone-inflation-unexpectedly-steady-august-core-drops-2023-08-31/

-#Wirtschaft #Economy #Briefing 283 #Konjunkturdaten #Eurozone #EU #Germany #Italy #France #Spain #Netherlands #Wachstumsschwäche #Rezession #Stagnation #Politik #Kompetenz #Kompetenzlosigkeit #Probleme #Problemstau #Wachstum nur noch bei den #Problemen

Die deutsche Wirtschaft stagniert (Statista + Kommentar) | Briefing 283 R | Wirtschaft

https://derwahlberliner.com/2023/08/20/die-deutsche-wirtschaft-stagniert-statista-kommentar-briefing-283-r-wirtschaft/

"So it is now clear at the latest that the ECB and all those inflation alarmists were fundamentally wrong who pretended that since last summer there had been a dangerous inflation process that could only be stopped by an ECB-orchestrated slowdown of the economy."
#inflation #Euro #Eurozone #ECB #recession
https://www.flassbeck-economics.com/german-producer-prices-also-at-minus-six-percent-interest-rates-down/

2) Out of curiosity I went looking for a source which compares the rates depositors get from banks within the #Eurozone

After much noodling around on the internet, I came upon a site called TheGlobalEconomy.com which listed average interest rates for a one year deposit on all 20 Eurozone members

Only #Slovenia was worse than Ireland’s flaccid 0.99% offering

Want to get a better rate of return? Move your money to the #BalticStates of #Lithuania with their 3.45% rate or #Estonia with #3.85%

https://www.inflation.eu/de/inflationsraten/vpi-inflation.aspx Gibt es irgendwo eine Analyse zu den unterschiedlichen #Inflationsraten in der #eurozone Und kann mir jemand - angesichts der Unterschiede - die „On size fits all“-Politik der #ezb erklären?

Erzeugerpreise in der Eurozone fallen stärker als erwartet

Die Erzeugerpreise in der Eurozone sind im Juni überraschend stark gesunken - um 3,4 Prozent im Vergleich zum Vorjahr. Das stärkt die Hoffnungen auf eine anhaltende Abschwächung der Inflation.

➡️ https://www.tagesschau.de/wirtschaft/konjunktur/erzeugerpreise-eu-fallen-sinken-staerker-als-erwartet-100.html?at_medium=mastodon&at_campaign=tagesschau.de

#Erzeugerpreise #EU #Inflation #Eurozone

#Unemployment in the #eurozone has dipped to an all-time low in a sign that the region’s labour market remains in good shape despite weak economic growth. - Eurostat #econmastodon

Inflation in der Eurozone sinkt auf 5,3 Prozent

Die Inflation in der Eurozone verzeichnete im Juli erneut einen Rückgang und liegt nun bei 5,3 Prozent. Dies ist die niedrigste Inflationsrate seit Anfang 2022. Die Kerninflation dagegen stagniert.

➡️ https://www.tagesschau.de/wirtschaft/inflation-eurozone-sinkt-weiter-100.html?at_medium=mastodon&at_campaign=tagesschau.de

#Inflation #Eurozone

Binance And CEO CZ Facing Intense Scrutiny In Euro Area Amid Banking Woes: WSJ - The world’s largest crypto exchange Binance and CEO Changpeng “CZ” Zhao is under intense ... - https://coingape.com/binance-and-ceo-cz-facing-intense-scrutiny-in-euro-area-amid-banking-woes-wsj/ #24/7cryptocurrencynews #eurozone #binance

How various events and policies can impact the growth gap b/w US (#industrial policy, #Bidenomics) and #eurozone (fiscal & monetary austerity), chart @YahooFinance https://tinyurl.com/4tf499f2

In the #eurozone, firms' production plans and recent factory order data are more negative than for #industry as a whole and point to sustained production cuts. For total industry, they point to #stagnation - chart @OxfordEconomics

#eurozone #euro real yields are materially positive – higher for longer will increasingly squeeze the European economy, chart (awesome) @TS_Lombard

#eurozone In June, annual growth rate of adjusted loans to 1) households: -1.7% (-2.1% in May), to 2) non-financial corporations: -3.0% (-4.0% in May), chart @ECB https://tinyurl.com/23r6tfvz

#Heatwaves --- #eurozone economic impact of extreme #climate in Europe, chart @BloombergTV

#eurozone #Banks reported a strong net decrease in demand from firms for #loans or drawing of #credit lines in 2Q2023, which dropped to an all-time low since the start of the #survey in 2003, chart @ECB https://tinyurl.com/yzh8v8jp

#eurozone #Manufacturers ( especially in #Germany ) remain the worst performers, but #service activity ‘catches down’ faster. Input/output price PMIs signal growing #disinflationary impulse, with goods prices leading, chart @TS_Lombard

#ECB #eurozone interest rates have risen 400bp in the last year to 3.5%, their highest in 22y, and are now close to peaking as #inflation cools and economy weakens, chart @Naomi_Rovnick https://tinyurl.com/2durru8h