Tag Archives: Eurozone

Data from the European Union’s statistics office Eurostat showed that eurozone debt rose last year as European governments borrowed heavily to keep their economies active during lockdown measures aimed at combating the Coronavirus pandemic, while countries that are already heavily debt-ridden added most of the new debt. Eurostat said combined …

The European Central Bank reported Monday that the euro zone’s current account surplus narrowed in February due to a decline in net exports of goods and services. The bloc, which includes 19 euro-trading nations, recorded a current account surplus of 25.9 billion euros in February, down from 34.7 billion in …

According to Eurostat’s final reading of the Eurozone CPI report for March, the consumer prices came in at 1.3% on a yearly basis, meeting the estimate of 1.3% and 1.3% expectations. While the core figures steadied at 1.4%, also matching the 0.9% expectations. On a monthly basis, the bloc’s CPI …

Eurozone retail sales were stronger than expected in February, data revealed, as some countries eased restrictions on fighting the Covid-19 pandemic that month before re-tightening them in March. The European Union statistics office Eurostat said that retail sales in the 19 countries that use the euro rose 13% from the …

The Eurozone’s Producer Prices Index (PPI) increased by 0.5% in February, compared with its level in January, according to data by Eurostat. Furthermore, official data by the European Union (EU) showed a 1.5% rise in produce prices in February on an annual basis. Rising energy costs by 2.3% year-on-year contributed …

The seasonally adjusted unemployment rate in the euro area came at 8.3% in February 2021, higher than market expectations of 8.1% and higher than 7.3% the previous year. The number of unemployed increased by 48,000 compared to the previous month to 13.571 million. The youth unemployment rate, which measures job …

US Trade Representative Katherine Tai said she told European Union antitrust chief Margrethe Vestager today, Monday, that she has a “strong desire to develop a more positive and constructive business relationship” with the bloc. Tai said in a statement that she and Vestager have agreed to work together on key …

A preliminary survey showed a sudden return to economic activity in the euro area to grow this month, as factories increased their production to the fastest pace in more than 23 years, offsetting a continuing slowdown in the region’s dominant service sector. But the final reading of the survey and …

European Central Bank data showed that the eurozone current account surplus narrowed in January due to a larger secondary income deficit, which includes outflows such as remittances and taxes. The 19-nation bloc recorded a current account surplus of 30.5 billion euros in January, down from 36.7 billion euros in December …

A European Union spokesman said today, Sunday, that the leaders’ summit scheduled for March 25-26 in Brussels will be held via video conference due to the increase in coronavirus cases across Europe. In a post on Twitter, Barend Leyts, spokesman for Charles Michel, President of the European Council that chairs …