Category: eurozone

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 […]

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 […]

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, […]

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 […]

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 […]

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. […]

Euro zone April inflation confirmed at 1.7% Euro zone prices rose by 1.7% in April, EU statistics agency Eurostat confirmed today, while slightly revising upwards its estimates for core inflation. Eurostat said consumer prices in the 19-nation euro zone were 1.7% higher year-on-year, the same level as the flash estimate published on May 3, and […]

Euro zone inflation accelerates in April on energy, services Euro zone inflation surged beyond expectations last month, mild relief for the European Central Bank, even if much of the jump was likely related to seasonal effects due to the timing of Easter. Inflation in the 19 countries sharing the euro accelerated to 1.7% in April […]

Euro zone factory activity contracted for third month in April – PMI Euro zone factory activity contracted for a third month in April, hurt by weak global demand, rising trade protectionism and concerns over Britain’s upcoming departure from the European Union. IHS Markit’s April final manufacturing Purchasing Managers’ Index registered 47.9, beating March’s six-year low […]

Euro zone businesses started second quarter with tepid growth – PMI Euro zone businesses started the second quarter on the back foot, with growth unexpectedly slowing again as demand barely rose despite more modest price rises, surveys showed today. The data comes a week after European Central Bank President Mario Draghi raised the prospect of […]