Europe Economic Indicators – March 2010

EU consumer sentiment deteriorated by 10% in February, and monthly economic sentiment remained essentially flat (-0.1%). Production indicators were mixed: while the Business Climate Indicator improved by 13%, and excess capacity declined, the Baltic Dry index fell by 4%.

Economists predict a weak recovery in growth (on a YoY basis) beginning from Q1 of 2010.

Other key updates include:

• The unemployment rate fell to 9.9% in January.
• The amount of Home Transaction Loans in January dropped by 73%
• In January, the Monetary Union Index of Consumer Price was positive, growing 1.0% on a year-on-year basis and 0.3% on a month-on-month basis.

Monthly Report