Tag: Eurozone

FRANKFURT, Nov 10 (Reuters) – Euro zone inflation could tick up in the coming months but European Central Bank interest rates held at their current level for long enough could still get price growth back to the 2% target, ECB President Christine Lagarde said on Friday.

MADRID, Nov 7 (Reuters) – The euro zone’s economy is likely to contract slightly or at best stagnate in the fourth quarter, ECB’s vice president Luis de Guindos said on Tuesday.

LONDON, Nov 6 (Reuters) – The downturn in euro zone business activity accelerated last month as demand in the dominant services industry weakened further, a survey showed on Monday, suggesting there is a growing chance of a recession in the 20-country currency union.

Core inflation — which excludes volatile food and energy prices — dropped to 4.2% year-on-year in October from 4.5% in September.

Eurozone economic sentiment worsened again in October, marking six months of continual decline, as confidence slid among industry and consumers alike.

LONDON, Oct 24 (Reuters) – Euro zone business activity took a surprise turn for the worse this month as demand fell in a broad-based downturn across the region, a survey showed, entering the fourth quarter on the wrong foot and suggesting the bloc may slip into recession.

Χωρίς να βγει «λευκός καπνός» σχετικά με το νέο πλαίσιο δημοσιονομικής διακυβέρνησης, που θα πρέπει να τεθεί σε ισχύ το 2024, ολοκληρώθηκε η συνεδρίαση του Συμβουλίου Οικονομικών και Δημοσιονομικών Υποθέσεων της ΕΕ (Ecofin), όπως δήλωσε η προεδρεύουσα, Ισπανίδα υπουργός Οικονομικών, Νάντια Καλβίνο.

BRUSSELS, Oct 4 (Reuters) – Euro zone retail sales fell much more than expected in August, data showed on Wednesday, pointing to weaker consumer demand as inflation remains high.

Annual inflation in the euro zone cooled to its lowest level since October 2021, falling to 4.3% in September, flash figures showed on Friday.

The euro zone economy is likely contract this quarter and won’t return to growth anytime soon, a survey showed, as the dampening effect of central banks’ long campaign of interest rates rises becomes clearer.

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.

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.

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.

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 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 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%.

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.

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.

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