Eurozone business far exceeds forecasts, German economy shining

By Johan De Mulder

A new survey has shown that the eurozone has far exceeded its growth expectations as 2018 draws to an end.

Servicing and manufacturing industries have gone beyond expectations and the growth in the bloc is showing no signs of abating, with further increases expected ahead of next year.

Germany and France's economies have shown particular strength, with factories in Germany rolling out more product in November than in any month in the previous seven years.

See also:


In France, new labour reforms resulted in activity growing at it quickest pace since early 2011 - but for Britain, there was only moderate growth of 0.8%, though that figure did exceed the expected 0.5%.

"All in all, there are no signs of stopping the euro zone economy at the moment and 2018 is likely to start on a strong footing," ING's Bert Colijn told Reuters.

"With continued monetary support and some expected improvements in global growth in 2018, the euro zone economy is set for another year of surprising growth."

Share

Featured Articles

Top 10 largest revenue generating family businesses in MENAT

From the UAE to Turkey, these family firms are the largest by revenue in MENAT and cover everything from energy to entertainment

Top 10 metaverse projects in the UAE, including world firsts

As Accenture predicts the metaverse will fuel a US$1 trilion commerce opportunity by 2025, we round up 10 pioneering metaverse projects in the UAE

PwC’s survey shows Middle East CEOs remain upbeat on growth

CEOs in the Middle East are far more optimistic about regional growth than those in North America and Europe, according to PwC’s annual survey

Opinion: “Why we must tackle the digital skills crisis"

Leadership & Strategy

5 Mins With: Kathryn Kaminsky Vice Chair Trust Solutions PwC

Leadership & Strategy

Survey: The Future of Cloud Security in the Middle East

Technology