CEO Comité Européen de l‘Outillage 
European Tool Committee 
Europäisches Werkzeugkomittee
General Market News

This public area provides general market news on regions or sections such as automotive, construction, consumer or the industrial market. Also, you can find here the latest developments in European hand tool related markets, such as inflation, employment or production figures. Also, you will find information on the European DIY market. To find out about the specifics and have access to all statistics and documents, please visit our Members Area.

3rd quarter of 2020: GDP up by 12.6% and employment up by 0.9% in the euro area

In the third quarter of 2020, seasonally adjusted GDP increased by 12.6% in the euro area and by 11.6% in the EU compared with the previous quarter.

Hopes of COVID-19 vaccine underpin stronger business optimism in October

The IHS Markit Global Business Outlook Survey – based on responses from 12,000 companies between October 9-29 – recorded the strongest degree of optimism among companies since late-2018.

Firms in China and US anticipate fastest recoveries from COVID-19

The COVID-19 survey, undertaken in late-October, asked 6,653 companies in 12 countries to report whether their output had risen or fallen since the start of the pandemic.

September 2020: Production in construction down by 2.9% in euro area and by 2.5% in EU

In September 2020 compared with August 2020, seasonally adjusted production in the construction sector decreased by 2.9% in the euro area and by 2.5% in the EU.

October 2020: Annual inflation stable at -0.3% in the euro area

The euro area annual inflation rate was -0.3% in October 2020, stable compared to September.

European Economic Forecast Autumn 2020

Economic activity in Europe suffered a severe shock in the first half of the year and rebounded strongly in the third quarter as containment measures were gradually lifted.

World Trade Statistical Review 2020

World Trade Statistical Review 2020 looks into the latest developments in world trade, with a detailed analysis of the most recent trends for trade in goods and services.

Quarterly Report on the Euro Area. Volume 19, No 2 (2020)

This edition of the QREA takes a close look at consumption smoothing and the role of banking integration; structural change in labour demand and skills mismatches; and implicit pension liabilities.

The impact of Covid-19 on the Italian economy

Italy was one of the first EU countries to have to face and deal with the pandemic triggered by the coronavirus. The lockdown enforced by the authorities in the early months of 2020, just like for all other manufacturing businesses,

Brexit – how to get ready for the end of the transition period

On September 1, 2020, the EU Commission started an information campaign to inform European companies about tax and customs law changes that will occur after the end of the Brexit transition period from January 1, 2021.


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