Euro area annual inflation is expected to be -0.3% in September 2020, down from -0.2% in August according to a flash estimate from Eurostat, the statistical office of the European Union.
Day: October 2, 2020
Business profit share recovers back to 39.8% while business investment decreases to 23.2% in the euro area
In the second quarter of 2020, when Member States continued to implement the COVID-19 containment measures, the business profit share increased from 38.0% to 39.8% in the euro area, almost recovering its level prior to the beginning of the COVID-19 lockdown. This is explained by the sharp decrease (-16.3%) of compensation of employees (wages and social contributions) plus taxes less subsidies on production, at a faster rate than the decrease of business gross value added (-13.8%).