Category: eurozone

Euro zone economic growth slowed as expected in the last three months of 2019 as gross domestic product shrank in France and Italy compared to the previous quarter. But employment growth picked up more than expected, official estimates showed today.  The European Union’s statistics office Eurostat said GDP in the euro zone expanded 0.1% quarter-on-quarter […]

The European Commission has today kept its economic forecast for moderate euro zone growth for this year and 2021.  But it raised slightly its projection for inflation, noting the spread of the coronavirus was the key downside risk.  In an interim outlook for gross domestic product (GDP) growth and consumer inflation for the 19 euro […]

Euro zone manufacturing output plunged more than expected in December ending a weak quarter for the single currency area, official estimates showed today.  Industrial production fell 2.1% month-on-month in the euro zone, the EU statistics agency Eurostat said, in a slump that was worse than the 1.6% fall predicted by economists polled by Reuters.  Year-on-year, […]

Investor morale in the euro zone fell for the first time in four months in February over fears that China will not be able to contain the coronavirus outbreak, a survey showed today.  Sentix’s index for the euro zone fell to 5.2 from 7.6 in January. The Reuters consensus forecast was for a fall to […]

Euro zone business activity remained lacklustre at the start of the year, a survey showed today but there were some glimmers of hope for policymakers.  The survey comes a day after the European Central Bank said the manufacturing sector remained a drag on the euro zone economy.  ECB rate-setters did not make any policy change […]

Euro zone business activity remained close to stagnation at the end of last year, a survey showed today, as an upturn in services activity only partially offset a continued decline in the bloc’s manufacturing industry.  IHS Markit’s final euro zone composite Purchasing Managers’ Index (PMI), seen as a good indicator of economic health, nudged up […]

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 […]

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 […]

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 […]

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 […]