The rise in EU27 GDP of 0.4% in the second quarter of the year represented an economic turning point, after the previous six quarters of effective recession. Perhaps the most positive element is the 0.2% rise in consumer spending in the quarter – only the second such rise in the last 10 quarters. In addition, there was a tiny rise in fixed investment, but at least not the falls seen in previous quarters. Europe’s confidence indicators are generally improving and are on the verge of turning positive that would be the first time since 2011.
Source : Axa Real Estate