European Union
+5.4
▬
vs 1w ago (+5.5)
European Union economic data has been beating expectations. Over the past 90 days,
releases have generally come in above analyst estimates, suggesting the economy may be stronger than consensus forecasts.
Current Score
+5.4
1 Week Ago
+5.5
Releases (90d)
152
Top Beats
5
Top Misses
5
Surprise Index — 3 Year Weekly Trend
G7 Comparison — Economic Surprise Index
▲ Top Positive Surprises
- GDP Growth Rate YoY +5.09z
- Balance of Trade +4.41z
- CPI MoM +2.62z
- Gross Domestic Product YoY +3.98z
- Core CPI YoY +1.21z
▼ Top Negative Surprises
- Balance of Trade -3.48z
- Unemployment Rate -1.12z
- Retail Sales MoM -0.94z
- Employment Change YoY -0.84z
- Retail Sales MoM -1.26z
All Releases — 90 Day Window (152 events)
| Date | Event | Actual | Estimate | Surprise Z | Impact | Contribution |
|---|---|---|---|---|---|---|
| 2026-07-30 | GDP Growth Rate YoY | 1.0 | 0.5 | +5.095 | High | +141.50 |
| 2026-08-14 | Balance of Trade | 8.6 | -2.2 | +4.406 | Medium | +115.37 |
| 2026-08-19 | CPI MoM | 0.2 | 2.8 | +2.621 | Medium | +77.03 |
| 2026-07-30 | Gross Domestic Product YoY | 1.0 | 0.5 | +3.978 | Medium | +73.64 |
| 2026-09-01 | Core CPI YoY | 2.4 | 2.5 | +1.212 | Medium | +48.10 |
| 2026-07-30 | GDP Growth Rate QoQ | 0.4 | 0.2 | +1.721 | High | +47.80 |
| 2026-07-16 | Balance of Trade | -7.8 | -1.6 | -3.478 | Medium | -46.60 |
| 2026-09-01 | Unemployment Rate | 6.4 | 6.3 | -1.122 | Medium | -44.53 |
| 2026-09-04 | Retail Sales MoM | -0.6 | 0.3 | -0.944 | Medium | -40.15 |
| 2026-08-21 | S&P Global Manufacturing PMI | 52.8 | 51.8 | +1.208 | Medium | +37.18 |
| 2026-08-14 | Employment Change YoY | 0.5 | 0.6 | -0.844 | High | -33.16 |
| 2026-08-06 | Retail Sales MoM | -0.3 | 0.1 | -1.259 | Medium | -27.39 |
| 2026-07-01 | CPI YoY | 2.8 | 3.0 | +1.699 | High | +24.14 |
| 2026-07-31 | Core CPI YoY | 2.5 | 2.4 | -1.262 | Medium | -23.92 |
| 2026-08-27 | Private sector loans YoY | 3.1 | 2.9 | +1.319 | Low | +23.32 |
| 2026-09-07 | GDP Growth Rate YoY | 1.2 | 1.0 | +1.019 | Low | +23.23 |
| 2026-08-19 | Current Account s.a | 35.1 | 22.1 | +1.558 | Low | +22.89 |
| 2026-07-30 | Gross Domestic Product QoQ | 0.4 | 0.2 | +1.221 | Medium | +22.60 |
| 2026-08-28 | Selling Price Expectations | 16.4 | 25.0 | +1.181 | Low | +21.37 |
| 2026-07-30 | Unemployment Rate | 6.3 | 6.2 | -1.140 | Medium | -21.11 |
| 2026-09-03 | Producer Price Index YoY | 5.8 | 4.7 | -1.013 | Low | -21.05 |
| 2026-09-07 | GDP Growth Rate QoQ | 0.6 | 0.4 | +0.861 | Low | +19.62 |
| 2026-07-01 | Inflation Rate MoM | -0.1 | 0.2 | +1.855 | Medium | +17.57 |
| 2026-07-17 | HICP YoY | 2.1 | 2.2 | +2.161 | Low | +14.82 |
| 2026-08-21 | S&P Global Composite PMI | 52.1 | 51.7 | +0.457 | Medium | +14.08 |
| 2026-07-01 | Core CPI YoY | 2.4 | 2.5 | +1.212 | Medium | +11.48 |
| 2026-07-15 | Industrial Production MoM | -0.2 | 0.2 | -0.871 | Medium | -11.41 |
| 2026-08-13 | Industrial Production MoM | 0.0 | -0.1 | +0.436 | Medium | +11.15 |
| 2026-09-04 | S&P Global Construction PMI | 43.0 | 44.0 | -0.520 | Low | -11.07 |
| 2026-07-02 | Unemployment Rate | 6.2 | 6.3 | +1.122 | Medium | +10.88 |
| 2026-07-17 | Current Account | -6.2 | 8.5 | -1.523 | Low | -10.44 |
| 2026-07-30 | Consumer Inflation Expectation | 30.3 | 38.0 | +1.054 | Low | +9.76 |
| 2026-07-30 | Selling Price Expectations | 17.7 | 25.0 | +1.003 | Low | +9.28 |
| 2026-09-04 | Retail Sales YoY | 0.6 | 1.1 | -0.402 | Low | -8.56 |
| 2026-06-17 | Core CPI YoY | 2.6 | 2.5 | -1.212 | Medium | -8.31 |
| 2026-08-27 | Loans to Households YoY | 3.1 | 2.9 | +0.456 | Low | +8.06 |
| 2026-07-24 | Consumer Inflation Expectation | 3.0 | 3.7 | +0.984 | Low | +7.93 |
| 2026-08-28 | Consumer Inflation Expectation | 33.0 | 36.0 | +0.433 | Low | +7.84 |
| 2026-08-20 | Construction Output YoY | -0.7 | 0.6 | -0.486 | Low | -7.30 |
| 2026-06-15 | Balance of Trade | -1.0 | 7.8 | -1.013 | Medium | -6.63 |
| 2026-08-13 | Industrial Production YoY | 0.1 | -0.8 | +0.493 | Low | +6.31 |
| 2026-08-19 | Current Account | 46.9 | 32.0 | +0.410 | Low | +6.03 |
| 2026-06-29 | Private sector loans YoY | 3.1 | 2.9 | +1.319 | Low | +5.97 |
| 2026-08-27 | Loans to Companies YoY | 4.4 | 3.8 | +0.335 | Low | +5.93 |
| 2026-08-21 | Consumer Confidence | -15.5 | -16.3 | +0.187 | Medium | +5.75 |
| 2026-08-21 | S&P Global Services PMI | 51.7 | 51.5 | +0.180 | Medium | +5.54 |
| 2026-07-27 | Private sector loans YoY | 3.0 | 3.1 | -0.617 | Low | -5.33 |
| 2026-09-07 | Sentix Investors Sentiment | 5.1 | 2.1 | +0.226 | Low | +5.14 |
| 2026-09-03 | Producer Price Index MoM | 1.6 | 1.2 | -0.236 | Low | -4.91 |
| 2026-06-29 | Consumer Inflation Expectation | 34.0 | 42.0 | +0.991 | Low | +4.48 |
| 2026-08-10 | Sentix Investors Sentiment | 0.9 | -0.7 | +0.361 | Low | +4.31 |
| 2026-07-15 | Industrial Production YoY | -1.2 | -0.5 | -0.614 | Low | -4.02 |
| 2026-08-28 | Services Sentiment | 5.8 | 4.9 | +0.199 | Low | +3.60 |
| 2026-09-01 | Core Inflation Rate YoY | 2.4 | 2.5 | +0.083 | Medium | +3.29 |
| 2026-07-23 | Consumer Confidence | -15.9 | -16.8 | +0.204 | Medium | +3.21 |
| 2026-07-01 | Inflation Rate YoY | 2.8 | 3.0 | +0.223 | High | +3.17 |
| 2026-08-06 | Retail Sales YoY | 0.7 | 1.0 | -0.266 | Low | -2.89 |
| 2026-07-23 | New Car Sales YoY | 13.6 | 9.9 | +0.182 | Medium | +2.86 |
| 2026-08-21 | Consumer Inflation Expectation | 2.9 | 2.8 | -0.186 | Low | -2.86 |
| 2026-06-29 | Selling Price Expectations | 22.3 | 27.0 | +0.598 | Low | +2.70 |
| 2026-07-30 | Services Sentiment | 4.7 | 3.8 | +0.256 | Low | +2.37 |
| 2026-09-03 | S&P Global Composite PMI | 52.0 | 52.1 | -0.113 | Low | -2.36 |
| 2026-09-01 | S&P Global Manufacturing PMI | 52.7 | 52.8 | -0.119 | Low | -2.35 |
| 2026-07-20 | Construction Output YoY | 1.2 | 0.5 | +0.314 | Low | +2.31 |
| 2026-06-26 | Consumer Inflation Expectation | 3.5 | 3.9 | +0.534 | Low | +2.25 |
| 2026-06-29 | Loans to Households YoY | 3.1 | 2.9 | +0.456 | Low | +2.06 |
| 2026-06-15 | Industrial Production MoM | 0.1 | 0.3 | -0.290 | Medium | -1.90 |
| 2026-06-29 | M3 Money Supply YoY | 3.2 | 2.7 | +0.410 | Low | +1.86 |
| 2026-09-03 | S&P Global Services PMI | 51.6 | 51.7 | -0.090 | Low | -1.86 |
| 2026-07-27 | Loans to Households YoY | 3.0 | 3.1 | -0.213 | Low | -1.84 |
| 2026-08-21 | Negotiated Wage Growth | 2.44 | 2.5 | -0.059 | Medium | -1.81 |
| 2026-06-15 | Industrial Production YoY | 0.3 | -1.7 | +0.516 | Low | +1.69 |
| 2026-07-31 | Core Inflation Rate YoY | 2.5 | 2.4 | -0.086 | Medium | -1.64 |
| 2026-07-01 | Core Inflation Rate YoY | 2.4 | 2.6 | +0.159 | Medium | +1.51 |
| 2026-07-21 | ZEW Economic Sentiment Index | 23.4 | 11.2 | +0.100 | Medium | +1.50 |
| 2026-06-16 | ZEW Economic Sentiment Index | 9.5 | -7.2 | +0.213 | Medium | +1.43 |
| 2026-06-18 | Current Account | 14.9 | 25.6 | -0.368 | Low | -1.29 |
| 2026-06-18 | Construction Output YoY | 0.9 | -1.6 | +0.350 | Low | +1.23 |
| 2026-07-06 | Retail Sales MoM | 0.2 | 0.3 | -0.105 | Medium | -1.12 |
| 2026-06-29 | Loans to Companies YoY | 4.0 | 3.6 | +0.236 | Low | +1.07 |
| 2026-09-01 | CPI | 103.7 | 103.6 | -0.044 | Low | -0.88 |
| 2026-08-28 | Economic Sentiment | 98.4 | 97.5 | +0.024 | Medium | +0.87 |
| 2026-07-06 | Producer Price Index YoY | 5.9 | 5.7 | -0.152 | Low | -0.81 |
| 2026-07-06 | Sentix Investors Sentiment | -3.1 | -14.5 | +0.124 | Low | +0.66 |
| 2026-08-18 | ZEW Economic Sentiment Index | 31.4 | 25.4 | +0.022 | Medium | +0.62 |
| 2026-06-23 | New Car Sales YoY | 3.2 | 2.8 | +0.069 | Medium | +0.55 |
| 2026-07-30 | Industrial Sentiment | -6.1 | -7.0 | +0.055 | Low | +0.51 |
| 2026-06-16 | Wage Growth YoY | 3.4 | 2.9 | +0.143 | Low | +0.48 |
| 2026-07-27 | Loans to Companies YoY | 4.0 | 4.1 | -0.052 | Low | -0.45 |
| 2026-07-30 | Economic Sentiment | 96.9 | 96.0 | +0.024 | Medium | +0.45 |
| 2026-06-22 | Consumer Confidence | -17.7 | -17.5 | -0.043 | Medium | -0.33 |
| 2026-06-29 | Services Sentiment | 3.2 | 3.0 | +0.072 | Low | +0.33 |
| 2026-06-17 | Core Inflation Rate YoY | 2.6 | 2.5 | -0.083 | Low | -0.28 |
| 2026-06-29 | Economic Sentiment | 95.0 | 94.3 | +0.019 | Medium | +0.18 |
| 2026-07-17 | CPI | 103.02 | 103.07 | +0.022 | Low | +0.15 |
| 2026-08-28 | Industrial Sentiment | -5.3 | -5.2 | -0.008 | Low | -0.15 |
| 2026-06-16 | Labour Cost Index YoY | 3.2 | 3.3 | +0.040 | Low | +0.13 |
| 2026-06-29 | Industrial Sentiment | -7.7 | -7.2 | -0.030 | Low | -0.13 |
| 2026-08-19 | CPI | 103.24 | 103.22 | -0.009 | Low | -0.13 |
| 2026-06-17 | CPI | 103.13 | 103.15 | +0.009 | Low | +0.03 |
| 2026-06-17 | Inflation Rate YoY | 3.2 | 3.2 | -0.000 | Low | -0.00 |
| 2026-06-17 | HICP MoM | 0.3 | 0.3 | -0.000 | Low | -0.00 |
| 2026-06-17 | CPI MoM | 0.1 | 0.1 | -0.000 | Medium | -0.00 |
| 2026-06-17 | CPI YoY | 3.2 | 3.2 | -0.000 | High | -0.00 |
| 2026-06-17 | Inflation Rate MoM | 0.1 | 0.1 | -0.000 | Low | -0.00 |
| 2026-06-17 | HICP YoY | 2.3 | 2.3 | -0.000 | Low | -0.00 |
| 2026-06-29 | Consumer Confidence | -17.7 | -17.7 | +0.000 | Low | +0.00 |
| 2026-07-01 | CPI | 103.07 | 103.07 | -0.000 | Low | -0.00 |
| 2026-07-06 | Producer Price Index MoM | 0.2 | 0.2 | -0.000 | Low | -0.00 |
| 2026-07-06 | Retail Sales YoY | 1.6 | 1.6 | +0.000 | Low | +0.00 |
| 2026-07-17 | Inflation Rate YoY | 2.8 | 2.8 | -0.000 | Low | -0.00 |
| 2026-07-17 | HICP MoM | 0.2 | 0.2 | -0.000 | Low | -0.00 |
| 2026-07-17 | Core CPI YoY | 2.4 | 2.4 | -0.000 | Medium | -0.00 |
| 2026-07-17 | Inflation Rate MoM | -0.1 | -0.1 | -0.000 | Low | -0.00 |
| 2026-07-17 | CPI YoY | 2.8 | 2.8 | -0.000 | High | -0.00 |
| 2026-07-17 | Core Inflation Rate YoY | 2.4 | 2.4 | -0.000 | Low | -0.00 |
| 2026-07-17 | CPI MoM | -0.1 | -0.1 | -0.000 | Medium | -0.00 |
| 2026-07-23 | Interest Rate Decision | 2.4 | 2.4 | +0.000 | High | +0.00 |
| 2026-07-23 | Deposit Facility Rate | 2.25 | 2.25 | +0.000 | High | +0.00 |
| 2026-07-23 | Deposit Facility Rate | 2.25 | 2.25 | +0.000 | High | +0.00 |
| 2026-07-23 | Marginal Lending Rate | 2.65 | 2.65 | +0.000 | Low | +0.00 |
| 2026-07-23 | Interest Rate Decision | 2.4 | 2.4 | +0.000 | High | +0.00 |
| 2026-07-27 | M3 Money Supply YoY | 3.3 | 3.3 | +0.000 | Low | +0.00 |
| 2026-07-30 | Consumer Confidence | -15.9 | -15.9 | +0.000 | Low | +0.00 |
| 2026-07-31 | CPI YoY | 2.9 | 2.9 | -0.000 | High | -0.00 |
| 2026-07-31 | Inflation Rate MoM | 0.2 | 0.2 | -0.000 | Medium | -0.00 |
| 2026-07-31 | Inflation Rate YoY | 2.9 | 2.9 | -0.000 | High | -0.00 |
| 2026-07-31 | CPI | 103.22 | 103.22 | -0.000 | Low | -0.00 |
| 2026-08-05 | Producer Price Index YoY | 4.6 | 4.6 | -0.000 | Low | -0.00 |
| 2026-08-05 | Producer Price Index MoM | -0.3 | -0.3 | -0.000 | Low | -0.00 |
| 2026-08-14 | GDP Growth Rate QoQ | 0.4 | 0.4 | +0.000 | Low | +0.00 |
| 2026-08-14 | Employment Change QoQ | 0.1 | 0.1 | +0.000 | High | +0.00 |
| 2026-08-14 | Gross Domestic Product YoY | 1.0 | 1.0 | +0.000 | Medium | +0.00 |
| 2026-08-14 | GDP Growth Rate YoY | 1.0 | 1.0 | +0.000 | Low | +0.00 |
| 2026-08-14 | Gross Domestic Product QoQ | 0.4 | 0.4 | +0.000 | Medium | +0.00 |
| 2026-08-19 | Inflation Rate YoY | 2.9 | 2.9 | -0.000 | Low | -0.00 |
| 2026-08-19 | Core Inflation Rate YoY | 2.5 | 2.5 | -0.000 | Low | -0.00 |
| 2026-08-19 | Inflation Rate MoM | 0.2 | 0.2 | -0.000 | Low | -0.00 |
| 2026-08-19 | Core CPI YoY | 2.5 | 2.5 | -0.000 | Medium | -0.00 |
| 2026-08-19 | HICP YoY | 2.2 | 2.2 | -0.000 | Low | -0.00 |
| 2026-08-19 | CPI YoY | 2.9 | 2.9 | -0.000 | High | -0.00 |
| 2026-08-20 | Labour Cost Index YoY | 3.0 | 3.0 | -0.000 | Low | -0.00 |
| 2026-08-27 | M3 Money Supply YoY | 3.4 | 3.4 | +0.000 | Low | +0.00 |
| 2026-08-28 | Consumer Confidence | -15.5 | -15.5 | +0.000 | Low | +0.00 |
| 2026-09-01 | Inflation Rate YoY | 3.3 | 3.3 | -0.000 | High | -0.00 |
| 2026-09-01 | Inflation Rate MoM | 0.4 | 0.4 | -0.000 | Medium | -0.00 |
| 2026-09-01 | CPI YoY | 3.3 | 3.3 | -0.000 | High | -0.00 |
| 2026-09-07 | Employment Change YoY | 0.5 | 0.5 | +0.000 | Low | +0.00 |
| 2026-09-07 | Employment Change QoQ | 0.1 | 0.1 | +0.000 | Low | +0.00 |
| 2026-09-10 | Marginal Lending Rate | 2.9 | 2.9 | +0.000 | Low | +0.00 |
| 2026-09-10 | Deposit Facility Rate | 2.5 | 2.5 | +0.000 | High | +0.00 |
| 2026-09-10 | Interest Rate Decision | 2.65 | 2.65 | +0.000 | High | +0.00 |