Category: eurozone

Euro zone growth curbed by trade, retail sales slowdown

The euro zone economy grew at a modest pace in the third quarter with a negative impact from trade, while retail sales fell at their sharpest rate this year in October, data showed today.  Gross domestic product (GDP) in the euro zone was up 0.2% in the three months from July to September. This was the […]

Continue Reading

Euro zone growth curbed by trade, retail sales slowdown

The euro zone economy grew at a modest pace in the third quarter with a negative impact from trade, while retail sales fell at their sharpest rate this year in October, data showed today.  Gross domestic product (GDP) in the euro zone was up 0.2% in the three months from July to September. This was the […]

Continue Reading

Euro zone business growth near-stagnant, but some hopeful signs evident – PMI

Euro zone business activity stayed near stall speed last month, with manufacturing seemingly continuing to act as a drag on the bloc’s dominant services industry as well as the economy as a whole.  Despite some optimistic signs in today’s survey, that picture is likely to disappoint policymakers at the European Central Bank. In September, the […]

Continue Reading

Euro zone economy continues steady growth in third quarter

The euro zone economy continued to grow at a modest pace in the third quarter as expected, data from the EU statistics office showed today, as Germany narrowly escaped a technical recession and other big economies expanded.  Eurostat said gross domestic product in the 19 countries sharing the euro increased 0.2% quarter-on-quarter in the third […]

Continue Reading

Euro zone business activity stagnates as Draghi bows out

Euro zone business activity stagnated in October as demand withered, according to a downbeat survey published today just hours before European Central Bank President Mario Draghi makes his swansong appearance.  The ECB last month cut its deposit rate deeper into negative territory and said it would revive its bond-buying programme indefinitely to cut borrowing costs […]

Continue Reading

Euro zone business growth halts as Germany goes into reverse

Euro zone business growth halts as Germany goes into reverse Euro zone business growth stalled this month, dragged down by shrinking activity in powerhouse Germany, where a manufacturing recession deepened unexpectedly. Today’s downbeat survey results come less than two weeks after the European Central Bank pledged indefinite stimulus to revive the 19-country currency bloc’s ailing […]

Continue Reading

Euro zone inflation remains low

Euro zone inflation remains low Euro zone inflation remained low at 1% in August, well below the European Central Bank’s target, bolstering market expectations that the bank will further ease monetary policy next month. The European Union’s statistics office said that inflation in the 19 countries sharing the euro was unchanged from the July reading, […]

Continue Reading

Eurozone growth halves in second quarter of 2019

Eurozone growth halves in second quarter of 2019 Eurozone economic growth halved in the April-June period and inflation slowed sharply in July even though the unemployment rate fell to its lowest in 11 years, data from the European Union’s statistics office has shown. Eurostat’s preliminary flash estimate of gross domestic product growth in the 19 […]

Continue Reading

Germany, Italy drive euro zone economic sentiment down to 3-year low

Germany, Italy drive euro zone economic sentiment down to 3-year low Euro zone economic sentiment dropped to its lowest point in nearly three years in June as confidence fell markedly in the bloc’s largest economies – Germany and Italy – European Commission data show. The Commission said that its main indicator of economic confidence dropped […]

Continue Reading

Euro zone inflation slowed to one-year low in May, Eurostat confirms

Euro zone inflation slowed to one-year low in May, Eurostat confirms Inflation in the euro zone slowed to 1.2% in May, the lowest rate in more than a year, as price growth in the energy and services sectors slackened. This is according to the European Union statistics agency, Eurostat, as it confirmed its earlier estimates. […]

Continue Reading