Conjoncture Flash November 2018

Economic growth has slowed significantly since the beginning of the year and is expected to continue in 2019 because of weaker exports. The extent of the slowdown would be relatively limited, but downside risks have risen, especially in relation to international trade tensions.

• Manufacturing: Downturn

• Financial sector 1/2: Guaranteed-return life insurance bounces back

• Financial sector 2/2: Variable rates popular again

• Inflation 1/2: The contribution of energy prices should decline

• Inflation 2/2: Signals of a strengthening of underlying inflation in the euro area

• Labour market: Two job seekers for every vacancy

• Non-financial services: Morale holding up well