Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Europe's Recession Has Ended
Sep 19, 2013
 Printable format
 Email this Article
 Search

Data released on September 4 showed that real second-quarter GDP in the 17 Eurozone economies grew 0.3%, or an annualized rate of 1.2%, according to Wells Fargo Securities.

The report authors said the economy in Europe cannot be characterized as strong, but it does bring an end to the Eurozone's second recession in five year.

A breakdown of revised GDP data showed broad-based, if weak domestic demand. The Wells Fargo report showed that 2Q real consumption spending grew at an annualized rate of 0.7%. Fixed investment spending saw 1.0% growth while government spending was up 1.7%. These three categories are combined to come up with final domestic demand (FDD); 2Q FDD was up 1.0%. This makes it the first quarter to show positive FDD growth in six quarters.

The report noted that few “hard” indicators have been released for 3Q 2013, but "soft" economic indicators on the Eurozone are suggesting that the positive growth is continuing, the Wells Fargo Securities report said. It pointed to the economic sentiment index, which has been up four months in a row. The summer of 2013 also saw Eurozone consumer confidence strengthening to a two-year high level. Retailers and service sector providers are also exhibiting more confidence.

These factors, along with a slight drop in unemployment, point to a continued weak growth in Eurozone consumer spending in the coming months.

Back to Daily News

 

Daily News

...........................................................

Jul 31, 2014: LG Home Appliance, LG Air Conditioning See Lower Quarterly Sales

Jul 31, 2014: AHAM Canada New Chair is Doell of Samsung Electronics Canada

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows