video Video
Euro zone growth stays slow and steady
Monday, October 31, 2016 - 01:52
Euro zone growth holds steady and inflation pips up, but a surprise fall in German retail sales raises questions over the bloc's recovery. And, as Ciara Lee reports, Japan's latest numbers point to even more weakness as central bank policymakers gather ahead of their policy announcement this week.
▲ Hide Transcript
▶ View Transcript
Euro zone growth was steady but tepid in the last quarter, according to new data. GDP rose 0.3 percent, the same as in Q2. Year on year the euro zone economy expanded 1.6 percent. (SOUNDBITE) (English) JEREMY STRETCH, HEAD OF CURRENCY STRATEGY AT CIBC WORLD MARKETS, SAYING: "Of course there remains underlying headwinds in terms of short-term data releases, and of course we have ongoing political risk in terms of the constitutional referendum in Italy into the start of December and then of course the elections in 2017. But such factors not withstanding, I think there are still some degrees of cautious optimism regarding the European outlook." Inflation picked up in October due to a smaller decline in energy prices, the flash data revealed. But excluding the most volatile prices for unprocessed food and energy, inflation was just 0.7 percent year-on-year, down from 0.8 percent in the previous five months, and a fair way off the ECB's 2 percent target. Even less encouraging - Germany's September retail sales, falling the most in two years, partly thanks to a warm September. But some consider the indicator too volatile. (SOUNDBITE) (English) JEREMY STRETCH, HEAD OF CURRENCY STRATEGY AT CIBC WORLD MARKETS, SAYING: "We need to look at broader trends, and of course if there were to be signs that the labour market which has been remarkably robust, and Germany were to start to lose momentum, then perhaps that could be complicit in a more protracted deceleration." Outside Europe, concerns over Japan's recovery. Industrial output stalled in September in a sign the economy may be losing steam due to weak consumer spending and exports. And markets also looking for pointers on policy when the U.S. Fed meets this week. No rate hike is expected until December, but investors will be looking at the language used, particularly with election day just round the corner.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Euro zone growth stays slow and steady
Monday, October 31, 2016 - 01:52
Top News »
8:08pm EDT - (1:32)
8:07pm EDT - (1:01)
8:06pm EDT - (1:28)
8:06pm EDT - (1:38)
6:27pm EDT - (1:59)
2:56pm EDT - (2:19)
2:55pm EDT - (2:04)
2:20pm EDT - (1:28)
12:47pm EDT - (0:46)
12:46pm EDT - (0:37)
9:46am EDT - (2:10)
9:32am EDT - (1:00)
Migrant Crisis »
Fri, Mar 16, 2018 - (0:50)
Fri, Dec 22, 2017 - (1:52)
Fri, Dec 22, 2017 - (1:07)
Fri, Dec 22, 2017 - (1:37)
Editors' Picks »
12:27pm EDT - (1:59)
5:29am EDT - (1:22)
Wed, Apr 25, 2018 - (1:59)
Tue, Apr 24, 2018 - (2:00)
Tue, Apr 24, 2018 - (1:36)
Mon, Apr 23, 2018 - (1:56)
Fri, Apr 20, 2018 - (1:24)
Fri, Apr 20, 2018 - (2:04)
Thu, Apr 19, 2018 - (1:45)
Politics »
8:08pm EDT - (1:32)
8:07pm EDT - (1:01)
2:56pm EDT - (2:19)
2:20pm EDT - (1:28)
12:47pm EDT - (0:46)
9:46am EDT - (2:10)
9:06am EDT - (1:20)
Wed, Apr 25, 2018 - (1:58)
Wed, Apr 25, 2018 - (1:52)
Wed, Apr 25, 2018 - (1:27)
Tue, Apr 24, 2018 - (1:27)
Tue, Apr 24, 2018 - (0:37)
Innovations »
6:57am EDT - (2:03)
Wed, Apr 25, 2018 - (2:04)
Wed, Apr 25, 2018 - (1:49)
Tue, Apr 24, 2018 - (1:54)
Tue, Apr 24, 2018 - (2:13)
Mon, Apr 23, 2018 - (1:55)
Sun, Apr 22, 2018 - (1:30)
Fri, Apr 20, 2018 - (1:50)
Thu, Apr 19, 2018 - (1:54)
Wed, Apr 18, 2018 - (1:03)
Entertainment »
4:23pm EDT - (0:47)
3:20pm EDT - (1:47)
2:56pm EDT - (2:19)
11:24am EDT - (2:16)
9:32am EDT - (1:00)
9:00am EDT - (2:21)
8:11am EDT - (0:57)
Wed, Apr 25, 2018 - (0:54)
Tue, Apr 24, 2018 - (1:17)
Tue, Apr 24, 2018 - (1:38)
Tue, Apr 24, 2018 - (1:51)
Tue, Apr 24, 2018 - (1:18)
Rough Cuts »
8:08pm EDT - (1:32)
8:07pm EDT - (1:01)
8:06pm EDT - (1:28)
8:06pm EDT - (1:38)
2:36pm EDT - (0:31)
12:47pm EDT - (0:46)
12:46pm EDT - (0:37)
9:32am EDT - (1:00)
9:02am EDT - (2:20)
9:00am EDT - (2:21)
Wed, Apr 25, 2018 - (0:46)
Wed, Apr 25, 2018 - (1:27)
Moving Pictures »
Tue, Apr 03, 2018 - (1:46)
Fri, Mar 02, 2018 - (2:13)
Thu, Feb 08, 2018 - (1:43)
Thu, Jan 04, 2018 - (1:01)
Fri, Dec 22, 2017 - (2:08)
Reuters Investigates »
Wed, Oct 11, 2017 - (10:18)
Wed, Aug 23, 2017 - (6:44)
Thu, Mar 16, 2017 - (2:26)
Tue, Nov 01, 2016 - (2:15)
Thu, Sep 29, 2016 - (2:19)
Fri, Aug 05, 2016 - (2:04)
Mon, Mar 28, 2016 - (3:02)
Thu, Mar 10, 2016 - (2:34)
Mon, Dec 07, 2015 - (2:58)
Mon, Dec 07, 2015 - (2:20)
Mon, Dec 07, 2015 - (0:35)
Mon, Dec 07, 2015 - (3:53)
Dateline Asia »
Tue, Dec 05, 2017 - (2:06)
Tue, Dec 05, 2017 - (2:11)
Fri, Dec 01, 2017 - (2:04)
Thu, Nov 30, 2017 - (2:10)
Thu, Nov 30, 2017 - (2:14)
Wed, Nov 29, 2017 - (2:11)
Tue, Nov 28, 2017 - (1:55)
Tue, Nov 28, 2017 - (2:21)
Mon, Nov 27, 2017 - (2:25)
Fri, Nov 24, 2017 - (2:16)
Fri, Nov 24, 2017 - (2:14)
Thu, Nov 23, 2017 - (2:18)