Eurozone Economy in Growth Mode

06 October 2005

Trade in the Eurozone - the eight largest European economies (Austria, France, Germany, Greece, Ireland, Italy, Netherlands and Spain) within the twelve nation euro currency area - in September expanded at its fastest rate since August 2004..

The monthly Report on the Eurozone, published by NTC Research, is based on the results of surveys of over 6,000 manufacturing and services companies in Germany, France, Spain, Italy, Austria, Ireland, Greece and the Netherlands. These countries together account for an estimated 92% of total Eurozone gross domestic product.

The UK, Poland and the Czech Republic are also included for the EU data. An index reading above 50.0 indicates an increase in the variable since the previous month; while below 50.0 is a decrease.

Key indicators from the September report are …

  • Output
    The Composite Output Index, which measures the output of the combined manufacturing and service sectors, rose from 52.8 in August to 54.3 in September, signalling an acceleration in the rate of growth to the highest recorded for 13 months.

  • Employment
    The Composite Employment Index edged above the 50.0 no-change level for the first time in six months in September. Although, at 50.5, the index registered only a marginal rise in staffing levels, the increase was nevertheless the largest for four years.

  • Input Costs
    Average input costs rose at the fastest rate for seven months in September, with the rate of inflation having picked up markedly over the past three months. Input costs were driven up in both manufacturing and service
For further information on Eurozone Reports click here

Data sourced from NTC Research; additional content by WARC staff