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A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Apr 08 2014

Eurozone Manufacturing Outlook

Recently, Eurozone industrial production (EZIP) missed consensus expectations, declining by 0.2% in January. Meanwhile, its year-over-year (yoy) growth rate edged up, while staying below November’s 27-month high. Is the recent dip merely a one-off, or a sign of a new cyclical downturn in the Eurozone industrial sector?

ECRI has just updated its Eurozone Leading Manufacturing Index (EZLMI), designed to anticipate cyclical swings in EZIP growth. The EZLMI shows what lies ahead for Eurozone industrial sector growth, clarifying whether the recent downtick is a symptom of fading industrial growth prospects.

Related News & Events

Price Signals of Global Slack

ECRI March 14, 2014

World trade price growth has seen almost continuous deflation since early 2012, and its renewed weakness suggests even more slack in the global economy. More

 

Eurozone inflation pressures muted

Reuters April 4, 2014

Inflationary pressures remain muted in the eurozone, doing little to allay fears about deflation in the 18-nation bloc, an indicator designed to predict cyclical trends showed. More