Tag Archives: Eurozone

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 …

The Eurozone manufacturing sector activity boosted its pace of expansion in the reported month, the latest manufacturing activity survey from IHS/Markit research showed on Wednesday. The manufacturing purchasing managers index remained steady at 63.1 in June and beat 62.1 expectations. Services PMI jumped to 41-month highs of 58.0 in June …

Eurozone consumer confidence improved by 1.8 points in June compared with its previous monthly reading, according to data the European Commission released on Tuesday. A flash estimate of the consumer sentiment in the European bloc recorded -3.3 this month from -5.1 in May. On the broader level, consumer confidence across …

The Prime Minister of Italy, Mario Draghi, has called for more stimulus in Europe to restore pre-pandemic economic growth. The former President of the European Central Bank (ECB) believes the lingering uncertainty provides ground for more monetary and fiscal stimulus, calling for extra efforts. Draghi says that after protecting the …

Data from the European Central Bank showed that the Eurozone’s current account surplus widened in April thanks to an increase in the trade surplus and primary income, which includes profits from foreign investment. The 19-nation Euro bloc posted a revised current account surplus of 22.8 billion euros in April, up …

According to Eurostat’s final reading of the Eurozone CPI report for May, the consumer prices came in at 2.0% on a yearly basis, meeting the flash estimate of 2.0% and 2.0% expectations. While the core figures rose to 1.0%, beating the 0.9% consensus forecasts.

European Union countries have agreed to ease travel restrictions during the summer, allowing tourists who have received full vaccinations to avoid examinations or quarantine, as well as expanding the list of European Union regions from which it is safe to travel. Portugal, the current president of the European Union, said …

Data showed that retail sales in the euro area fell more than expected in April, affected by a decline in sales of non-food products, but it is still much higher than it was 12 months ago when most countries were subject to strict lockdown measures linked to the pandemic. The …

The European Central Bank chief economist, Philippe Lin, told a French newspaper that the European Central Bank could still increase bond purchases at its June meeting if such a step is needed to maintain favorable borrowing conditions. He also added that unemployment is not expected to return to its pre-pandemic …