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Europe
Publication year - 2016
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12220
Subject(s) - pace , quarter (canadian coin) , industrial production , economics , track (disk drive) , production (economics) , agricultural economics , business , macroeconomics , geography , engineering , archaeology , geodesy , mechanical engineering
After two quarters of moderate GDP growth of 0.3% in the second half of last year, it appears that the Eurozone recovery regained a bit of steam in early‐2016. Admittedly, this is not reflected in the performance of the business surveys; in Q1 the average reading for the composite PMI was the lowest in a year. But the PMI has not been a very reliable indicator of GDP growth recently. Hard data for two months of Q1 are available for most of the key indicators and these paint a much more positive picture. Industrial production is on track to rise by about 1% over the quarter, its fastest pace since early 2011. Meanwhile, retail sales and car registrations are both on track to grow rather more strongly in Q1 than Q4.