Eurozone core rate revised up as inflation hits estimates May 17, 2019 Eurozone prices rose by 1.7 per cent in April, in line with previous forecasts, while core inflation beat expectations. Consumer prices in the bloc rose 1.7 per cent higher year-on-year from 1.4 per cent in March, according to EU statistics agency Eurostat. Read more: Eurozone trade surplus grows in sign of recovery for struggling area [...]
Eurozone trade surplus grows in sign of recovery for struggling area May 16, 2019 The Eurozone achieved a better-than-expected trade in goods surplus in March, official statistics revealed today, in the latest sign of economic recovery on the continent. Read more: Global stocks reverse falls after reports Trump will delay auto tariffs Meanwhile the European Union’s trade in goods deficit with China grew and its surplus with the US [...]
European growth aided by UK expansion and German bounce-back May 15, 2019 Growth in the Eurozone and European Union picked up in the first quarter of the year after a rough patch, with the UK showing solid expansion, the EU’s official statistics body confirmed today. Read more: Euro rises as Eurozone economy shows stronger-than-expected growth GDP growth in the EU rose to 0.5 per cent quarter-on-quarter, after growing [...]
European car and parts output slumps to six-year low as continent’s woes continue May 8, 2019 The European automobiles and parts sector remained in a strong downturn in April, according to data company IHS Markit. Read more: EU slashes its forecast for German growth as it predicts Eurozone slowdown Output, new orders and employment all fell sharply last month, IHS Markit said, in more bad news for Europe’s struggling manufacturing sector. [...]
EU slashes its forecast for German growth as it predicts Eurozone slowdown May 7, 2019 The European Union yesterday halved its growth prediction for the German economy as it forecasted lower growth for the Eurozone as a whole, laying bare the extent of the bloc’s economic challenges before a leaders’ summit in Romania this week. Read more: ‘Wake-up call’: Germany downgrades 2019 growth forecast Official forecasts, released by the European Commission [...]
Eurozone business confidence crumbles as bosses grapple with economic uncertainty May 7, 2019 The vast majority of European chief financial officers (CFOs) continue to consider the current level of financial and economic uncertainty as high or very high, a new survey shows. Uncertainty is now higher in the euro area, increasing to 65 per cent in the last six months from 62 per cent, in contrast to the [...]
Eurozone inflation beats expectations in April May 3, 2019 Eurozone inflation beat expectations last month, which will offer mild relief for the European Central Bank (ECB). Inflation rose from 1.4 per cent in March to 1.7 per cent in April, beating forecasts for 1.6 per cent, according to Eurostat. Read more: Euro rises as Eurozone economy shows stronger-than-expected growth However, despite the solid April [...]
‘Fierce’ manufacturing downturn will act as major drag on Eurozone economy May 2, 2019 The Eurozone suffered its third straight month of contraction in its manufacturing sector in April, data revealed today. Germany continued to lead the downturn as the bloc’s manufacturing industry barely recovered from a six-year low in March, according to a closely-followed measure of activity. Read more: Construction industry bounces back in April amid housebuilding rush [...]
European Central Bank hikes supervision fees by 21 per cent as Brexit takes financial toll April 30, 2019 The European Central Bank (ECB) today increased supervisory fees by 21 per cent as it seeks to cover higher than expected costs to prepare for Brexit. Read more: Euro falls as ECB chief Draghi bearish on Eurozone economy The hike amounts to an estimated €576m charge on banks this year, up from €502.2m in 2018, as a [...]
Euro rises as Eurozone economy shows stronger-than-expected growth in first quarter April 30, 2019 The Eurozone economy achieved faster-than-expected growth in the first quarter of the year, marking a pick-up from its lacklustre performance at the end of 2018, official statistics have revealed. Read more: Euro falls as ECB chief Draghi bearish on Eurozone economy Economic growth in the currency area was 0.4 per cent in the first quarter [...]