Tag: Eurozone

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.

The euro fell vs. the British pound on Monday after European political turmoil that saw France call an unexpected election and Belgium’s prime minister resign.

Inflation in the euro zone rose to 2.6% in May, statistics agency Eurostat said Friday, but a higher-than-expected print did not sway market bets of an interest rate cut from the European Central Bank next week.

Την αγωνία τους για το μέλλον της Ευρωπαϊκής Ενωσης εξέφρασαν δύο κορυφαίοι Ελληνες επιχειρηματίες, ο πρόεδρος του ΣΕΒ ∆. Παπαλεξόπουλος και ο πρόεδρος της Eurometaux Ευ. Μυτιληναίος, μιλώντας σε εκδήλωση του Συνδέσμου ενόψει των ευρωεκλογών.

Industrial production in the euro area rose for a second straight month in March, helping lift economic growth in the bloc at the start of 2024, despite once again being heavily influenced by volatile Irish output.

Euro zone business activity expanded at its fastest pace in almost a year last month as a resurgence in the bloc’s dominant services industry more than offset a deeper downturn in manufacturing, a survey showed on Monday.

Price rises in the euro area held steady at 2.4% in April, while the economy returned to growth in the first quarter, according to flash figures published Tuesday.

The PMI increased from 50.3 to 51.4 in April, suggesting that the eurozone economy is finally leaving stagnation and returning to growth at the start of the second quarter.

Industrial production in the eurozone rebounded in February, driven by output increases in larger nations, a sign that some of the slump in the sector could be over, despite a still subdued environment for manufacturing.

Activity in the eurozone’s private sector returned to growth last month, led by southern European economies while Germany and France continue to lag, according to a survey of purchasing managers released Thursday.

Inflation in the 20-nation euro zone eased to 2.4% in March, according to flash figures published Wednesday.

Confidence in the eurozone economy ticked up in March, albeit still at subdued levels according to a survey of consumers and managers.

The composite PMI increased from 49.2 to 49.9 in March, the best reading since June last year.

No changes to the initial estimates as euro area inflation eases further in February but not as much as hoped. Core annual inflation continues to sit above 3% and may be tough to fall much more meaningfully in the months ahead.

Inflation in the 20-nation euro zone eased to 2.6% in February, flash figures showed on Friday, but both the headline and core figures were higher than expected.

Another mild winter pushing down natural gas prices is helping the eurozone economy to come out of the doldrums, though 2024 growth is likely to remain subdued.

Bank lending to the private sector in the eurozone has fallen for the first time in five months, signalling continued weakness for the region’s economy as record high interest rates continue to restrict demand.

The bloc sharing the euro has seen its economy practically motionless in the last year as it continues to stagnate.

The euro zone economy stabilized in the fourth quarter of 2023, flash figures published by the European Union’s statistics agency showed on Tuesday.

Eurozone business activity fell in January for the eighth straight month, but the rate of decline slowed from December, a closely-watched survey showed Wednesday.