A recovery in the euro area industrial production due to higher demand as supply constraints continued to ease along with a fall in commodity prices, and a narrowing in the trade deficit on the back of strong export growth add to signs that the single currency bloc is set for a shallow recession.
Elsewhere in the region, Germany reported the gross domestic product figures for 2022, which showed that growth slowed less than expected in the biggest economy in Eurozone.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.