Tag: Eurozone

Euro zone inflation rises to higher-than-expected 2%, weakening case for jumbo rate cut

Inflation in the 20-nation euro zone rose to 2% in October, preliminary figures released by statistics agency Eurostat showed Thursday.

Euro zone growth hits two-year high of 0.4%, beating expectations

The euro zone economy grew 0.4% in the third quarter, flash figures published by the European Union’s statistics agency showed Wednesday.

Eurozone economic activity still in decline, PMI survey shows

Bloc ‘stuck in a rut’ as growing services sector cannot offset continued weakness in manufacturing

Euro zone investor morale rises in October on brighter expectations

Investor morale in the euro zone unexpectedly rose in October after three consecutive months of decline, boosted by rising expectations even as dissatisfaction with the current situation hit a new low this year, a survey showed on Monday.

Eurozone inflation drops in September, falling below ECB’s target

The year-on-year eurozone inflation rate for September was released on Tuesday, coming in at 1.8%, according to Eurostat. This was a step down from August’s 2.2%, while also being lower than analyst expectations of 1.9%. It was also the lowest figure since April 2021, successfully bringing inflation down to below the European Central Bank’s 2% target.

Eurozone business activity is now contracting, according to PMIs

As the Olympic flame was extinguished, so was eurozone optimism. The August uptick in the PMI was met by a sharp decline in September. The PMI now stands at 48.9, which indicates contraction according to the survey. This further fuels growth concerns in the bloc as inflation worries fade

Euro zone August factory activity stuck in a rut, PMI shows

Euro zone manufacturing activity remained mired in contraction in August, a survey showed on Monday, with the data suggesting a recovery could be some way off as demand fell at its sharpest pace this year.

Eurozone inflation falls to 2.2% in August

Eurozone inflation fell sharply to a three-year low of 2.2 per cent in August, bolstering expectations that the European Central Bank will reduce interest rates next month.

Eurozone PMI picks up in August amid Olympics boost

The composite PMI increased from 50.2 to 51.2 from July to August, mainly due to a jump in French services activity. The underlying data still looks weak enough for the ECB to seriously consider another rate cut in September

Euro zone inflation rises to 2.6% in July, above expectations

Headline inflation in the euro zone unexpectedly rose to 2.6% in July, the European Union’s statistics agency said Wednesday, even as price growth in the services sector eased slightly.

Euro zone’s economy grew 0.3% in second quarter, above expectations despite German contraction

The euro zone’s economy grew by more than expected in the second quarter of 2024, flash figures from the European Union’s statistics office showed Tuesday.

China reveals next steps in EU brandy probe as EV tariffs take effect

China announced on Friday the next step in its anti-dumping investigation into European brandy imports, ramping up tension on the same day the European Commission’s provisional tariffs on Chinese-made electric vehicles take effect.

China-built EVs hit with duties in biggest EU trade case yet

The European Union will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials said, ratcheting up tensions with Beijing in Brussels’ largest trade case yet.

Eurozone June final services PMI 52.8 vs 52.6 prelim

Both the services and composite readings are three-month lows, reaffirming a slowdown in the economy towards the end of Q2. Of note, demand for euro area goods and services decreased for first time since February.

Eurozone inflation slows to 2.5%

Eurozone inflation slowed to 2.5 per cent in June, but policymakers will remain concerned by strong increases in services prices that partly offset weaker growth in energy and fresh food costs.

China wants EU to scrap EV tariff plans as talks start

Beijing wants the EU to scrap plans to impose preliminary tariffs on Chinese electric vehicle imports by July 4, China’s state-controlled Global Times reported, after both sides agreed to negotiate a possible compromise.

Euro-Zone Activity Slows on French Vote Risk, Factory Slump

The rebound in euro-area private-sector business activity unexpectedly lost momentum as France’s snap election weighed on firms and manufacturing in the region recorded its worst month of the year.

Eurozone May final CPI +2.6% vs +2.6% y/y prelim

No changes to the initial estimates as euro area inflation remains stickier in May.

China opens tit-for-tat anti-dumping probe into European pork

China has opened an anti-dumping investigation into imported pork and its by-products from the European Union, a step that appears mainly aimed at Spain, the Netherlands and Denmark, in response to curbs on its electric vehicle exports.

Shares of Porsche, VW and other European carmakers fall following reports of ‘dieselgate’ lawsuits in Britain

Shares of European carmakers fell on Wednesday following a report that some of the world’s largest auto manufacturers face possible lawsuits in Britain for allegedly cheating emissions tests.