Ostrum
  • News & Chronicles
  • France
  • Euro Area
  • United States
  • International
  • Politics & Society
  • Monetary Policy
  • Media
  • Decoding
  • About Philippe Waechter
Philippe Waechter's blog
  • Insights
  • About us
  • Expertise
  • Our people
  • Media

Philippe Waechter's blog
My french blog
  • News & Chronicles
  • France
  • Euro Area
  • United States
  • International
  • Politics & Society
  • Monetary Policy
  • Media
  • Decoding
  • About Philippe Waechter
  • News & Chronicles
  • Climate
  • France
  • Euro Area
  • United States
  • International
  • Politics & Society
  • Monetary Policy
  • Media
  • Decoding
Philippe Waechter's blog
Prévôté
Previous Next
  • 1 min

Investment funding falters in the eurozone

  • 21 January 2020
  • Philippe Waechter
  • Corporate investment
  • ECB Banking Lending Survey
Total
0
Shares
0
0
0

The ECB survey on the supply and demand of credit from banks suggests that credit conditions change little vis-à-vis businesses and appear marginally less accommodating towards households; especially on real estate. In no case are the conditions binding.
At the macro level, the point of concern relates to the further slowdown in the demand for credit for investment. The graph shows a good consistency between this indicator and the non financial companies’ investment. The recent slowdown suggests that business investment will not be a source of growth for the area in 2020.
Note also that the data for the 2nd quarter of 2019 is somewhat biased by the Irish figure. Between the 1st and the 2nd quarter of 2019, the weight of investment in GDP increased from 27 to 60%. This skews the figure upwards. This seems to stem from the move of assets from Singapore to Ireland on the part of Microsoft. (see here)
The recent profile is therefore biased upwards.

Related Topics
  • Corporate investment
  • ECB Banking Lending Survey
On the same topic
  • 4 min

The ECB new strategy

  • 10 June 2022
  • Euro Area

Philippe Waechter

The ECB is changing course. With its interest rate hike scheduled for 21 July, the ECB is putting an end to a long period of very low and stable interest…
  • Central Banks
  • Inflation
  • Interest Rates
READ
  • 1 min

The return of the missing link in Spanish growth

  • 24 May 2022
  • Euro Area

Philippe Waechter

Activity in Spain has been severely penalized by the pandemic. Tourists stayed home and the economy suffered. In April, the dynamics are changing giving Spain back the ability to recover…
  • Growth
  • Spain
  • Tourism
READ
  • 2 min

Inflation is accelerating in the Eurozone, it’s not over

  • 2 March 2022
  • Euro Area

Philippe Waechter

The inflation rate in the Euro zone stood at 5.8% in February 2022 against 5.1% in January.The underlying inflation rate stood at 2.7% against 2.3% the previous month.The inflation overhang…
  • Commodity Prices
  • Inflation
  • Ukraine
READ
Subscribe to the newsletter

All the news from Philippe Waechter’s blog in your mailbox


Loading
ABOUT PHILIPPE WAECHTER

Ostrum's expert magazine

ABOUT OSTRUM AM
  • About us
  • Media room
  • Our publications
  • Cookie Policy (EU)
FOLLOW ME ON
EXTERNAL LINKS
  • Economists
  • Think tank
  • Central banks
  • Blog roll
©Ostrum AM 2022
An affiliate of : Plan de travail 2

Input your search keywords and press Enter.

Manage Cookie Consent
We use cookies to optimize our website and our service.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}