Tag Archives: Eurozone

The European statistics office Eurostat said on Wednesday that the unemployment rate in the eurozone fell as expected in July, with 350,000 people employed compared to the previous month. Eurostat reported that the unemployment rate in the 19 euro countries fell to 7.6% of the workforce, in line with analysts’ …

A survey revealed that the growth of the manufacturing sector in the euro area remained strong in August, but supply chain problems related to the Covid-19 pandemic continued to impede the supply of raw materials needed by factories, which led to higher prices. The easing of restrictions imposed to curb …

The Euro (EUR) is trading higher on Monday, opening the week with a positive performance amid a decline by the U.S. (USD) that is seeing increased selling pressures for profit-making after surging to a nine-month high last week. The European currency’s rise comes despite a recent slump in Eurozone consumer …

The eurozone’s current account surplus more than halved in June compared to the previous month, driven by an increase in the services trade surplus. According to data from the European Central Bank on Thursday, August 19, the bloc, which includes 19 countries that deal in the euro, recorded a current …

Data published by the European Union statistics office Eurostat on Friday, August 13th showed that the eurozone recorded a significant rise in its trade surplus with the rest of the world in June compared to May, as exports grew faster than imports during the month. Eurostat said the 19-nation eurozone …

Eurozone’s Retail Sales rose by 1.5% MoM in June versus 1.7% expected and 4.1% last, the official figures released by Eurostat showed on Wednesday. On an annualized basis, the bloc’s Retail Sales increased by 5.0% in June versus 8.6% booked in May and 4.5% estimated.

Italy posted a public budget surplus of 5.7 billion euros ($6.77 billion) in July, compared to a deficit of 7.2 billion euros in the same month last year, the Treasury said in a statement on Monday. This difference is mainly due to an increase in tax revenue. The Treasury said …

According to Eurostat’s preliminary reading of the Eurozone CPI report, the annual figure came in at 2.2% in July, outpacing expectations of 2.0% while rising from June’s reading of 1.9%.

Estimates from the European Commission showed Thursday, July 29 that economic sentiment in the Eurozone hit a record high in July, but waning consumer optimism and a slowdown in the rate of increase may indicate that the peak is fast approaching. The Commission said in its monthly survey that sentiment …

Eurozone’s annual CPI matched expectations at 1.9% but eased slightly for May as data showed on Wednesday from Eurostat. Core numbers also fell to 0.9% y/y in June versus 1.0% recorded in May. “Looking at the main components of euro area inflation, energy is expected to have the highest annual …