Tag: Eurozone

Euro zone price rises steady for August but core inflation declines further

Inflation in the euro zone came in higher than analysts had expected for the month of August, although coming in unchanged from the previous month and complicating the role of the region’s central bank.

Euro zone lending growth slows further as rate hikes bite

Growth in lending to euro zone companies slowed again in July, adding to already mounting evidence that sharply higher interest rates are putting a brake on credit creation and economic growth.

Euro zone factory July activity fell at fastest pace since onset of COVID

LONDON, Aug 1 (Reuters) – Manufacturing activity across the euro zone contracted in July at the fastest pace since COVID-19 was cementing its grip on the world as demand slumped despite factories cutting their prices sharply, a survey showed on Tuesday.

Eurozone Retail Sales Volumes Stagnated in May

Retail sales in the eurozone flatlined in May for the second month in a row, a weaker result than expected, with high inflation and fears of an economic slowdown amid high interest rates still to weigh on household spending.

Euro zone business activity contracts in June

Euro zone business activity slipped into contractionary territory last month in a broad-based downturn across the bloc’s dominant services industry and a deepening decline of factory output, a survey showed.

Euro zone inflation slides more than expected in June, but core rate ticks higher

Euro zone inflation hit 5.5% in June, according to preliminary data, coming in lower than analyst expectations — but core inflation, which excludes energy and food, remains stubbornly high and rose to 5.4%.

Eurozone Industrial Production Improved More Than Expected in April

Industrial output in the eurozone was better than expected in April, improving from a steep decline in March, providing a respite from a gloomy outlook of the bloc’s manufacturing economy.

European stocks mixed as global markets look for direction

The pan-European Stoxx 600 index was flat around midday, with sectors spread across positive and negative territory. Tech stocks led losses with a 0.9% downturn, while minor gains were led by a 1.7% uptick in auto stocks.

Eurozone slips into recession as revised data shows two quarters of falling output

The 20 countries that use the euro fell into a mild recession around the turn of the year, as high inflation discouraged consumer spending and governments tightened the purse strings.

European markets higher as U.S. debt ceiling talks continue

European markets were higher Friday as U.S. debt ceiling talks boosted investor sentiment.

EU states approve world’s first comprehensive crypto rules

European Union states gave the final nod to the world’s first comprehensive set of rules to regulate crypto assets on Tuesday.

Eurozone Economy Grew Slightly in 1Q, Confirming Early Estimates

The eurozone economy grew marginally in the first quarter, matching preliminary estimates, shrugging off earlier concerns of a recession as it dodged a crippling energy crisis.

European markets tread water as traders monitor U.S. debt ceiling negotiations

European markets were slightly lower Tuesday as traders reacted to fresh data, corporate news and followed the U.S. debt ceiling negotiations.