Eurozone

Martin Stabe

The latest data from the FT/Economist Business Barometer, the quarterly global business sentiment survey, was published last week and the business-friendliness section again made for interesting reading.

France’s “business friendliness” has plummeted since the last barometer survey, which was conducted before before the election of François Hollande as president. For the first time, more of the business executives surveyed by the EIU rated the country’s ”unfriendly” than “friendly” to business. Read more

It’s EUROPE’S SCARIEST CHART (against some pretty stiff competition): Spanish youth unemployment above 50 per cent! One in two young Spaniards on the scrapheap! Packs of ravening wolves roaming the streets of Madrid!

Prepare to be terrified:

Actually, a bit misleading.

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Martin Stabe

With more than a year’s worth of of data from our exclusive business sentiment poll, the FT/Economist Global Business Barometer, now available, some interesting longitudinal patterns are becoming apparent for the first time.

Most notable among them is the steady erosion over the past year in executives’ perceptions of the “business friendliness” three of the world’s biggest developing economies, India, China and Brazil.

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Martin Stabe

What we’re reading today in the world of statistics, open data and data journalism:

We like a good political choropleth around here, and Sunday’s European election extravaganza did not disappoint in the psephological cartography department.

A good map of the Greek results can be found at igraphics.gr, Le Monde has the obligatory map of the French presidential election par département, and Michael Neutze’s site Wahlatlas covered the results in the German state of Schleswig-HolsteinRead more

Valentina Romei

Markets promptly react to flash releases of economic indicators and large sums of money are lost or made based on zero-point-something percentage points of GDP growth. But, in the excitement of new economic data, it is worth remembering how data is subject to frequent and quite substantial revisions.

Notoriously, in 2010 Japan’s most watched economic indicator was drastically revised downwards, slicing off a full 3.5 percentage points from the annualised growth rate first reported for the third quarter of 2009, prompting soul searching about the quality of Japanese economic data. But revisions occur across many countries and not only after the flash releases.

An OECD database of the various edition of the monthly publication of the Main Economic Indicators (MEI) shows how widespread the issue is. Read more