NEWS | For Immediate Release
LONDON, October 2, 2014 — Moody’s Analytics, a leader in global economic forecasting, today announced the launch of its European Regional Economic Forecasts, covering more than 2,000 subnational regions in 31 countries.
Moody’s Analytics updates its European Regional Economic Forecasts monthly, using data obtained directly from national and local sources that are more current than information offered through cross border aggregators. All data is harmonised to make forecasts directly comparable across time and regions. The forecasts cover NUTS (Nomenclature of Units for Territorial Statistics) regions 1, 2, and 3, as well as metropolitan areas defined by Eurostat.
“Our European regional forecasts allow for comparison of regional economic and business conditions throughout the continent – from Frankfurt to Stockholm to Barcelona. This enables commercial real estate firms, banks and other investors to better assess future demand and manage their portfolios,” says Petr Zemcik, Director of European Economics at Moody’s Analytics.
The forecasts carry the insights and expertise of Moody’s Analytics’ global team of more than 80 economists and 20 data managers, with specialized skill in analysing and modelling regional economic trends. Moody’s Analytics has developed full-scale forecast models that capture the specific industrial structures and macro-economic trends of each region as well as national economic performance. This allows for a more accurate and comprehensive view of sub-national economic conditions than conventional approaches to regional economic modelling.
Moody’s Analytics European Regional Economic Forecasts include employment and labour market conditions for 20 industries, as well as population trends, compensation, personal income, output, retail sales, house prices and supplies.
For more information, visit Moody’s Analytics European Regional Economic Forecasts.
About Moody's Analytics
Moody’s Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services and research, including proprietary analyses from Moody’s Investors Service, Moody’s Analytics integrates and customizes its offerings to address specific business challenges. Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO), which reported revenue of $3.0 billion in 2013, employs approximately 8,500 people worldwide and has a presence in 31 countries. Further information is available at www.moodysanalytics.com.