Tag Archives: Eurozone

A second wave of the coronavirus disease (COVID-19) in countries such as the United States could negatively impact European economic growth, Vice President of the European Central Bank (ECB), Luis de Guindos, has warned. The Eurozone economy contraction was better than previously expected during the second quarter (Q2) of 2020. …

The current account surplus of the 19 European Union countries shrank to 7.95B Euros in May from 14.27 in April on a large outflow of secondary income, includes transfers between residents and non-residents. In the 12 months to May, the Eurozone current account surplus fell to 2.2% of GDP from 2.7% in the …

The consumer price index (CPI) in the Eurozone increased during June by 0.3%, as shown by data from Eurostat. The rise in inflation rate to 0.3%, comes after it neared a four-year low of 0.1% in May. The European Central Bank (ECB) continues to target an inflation rate in the …

Eurozone CPI rose 0.3% year-on-year, in line with expectations, according to Eurostat’s final reading of the Eurozone CPI report for June. The key figures came in line with expectations as well, reaching 0.8% in the same month. On a monthly basis, the main Eurozone CPI rose by 0.3% in June, …

The Eurozone agreed on Tuesday new debt relief measures for Greece worth about 750 million euros ($840 million) as part of the country’s post-bailout program. According to Reuters. The money comes from profits made by eurozone central banks on Greek government bonds and the reduction to zero of the step-up …

Eurostat figures reported on Monday showed that sales in the Eurozone increased with the easing of lockdown in the countries of the region, which revived sales surprisingly after its collapse in March and April. Eurostat reported that retail sales in the Eurozone rose 17.8% in May compared to-9.9 in April, …

Data from Sentix Research Group showed on Monday that investor confidence in the Eurozone improved less than expected in July. The index rose to -18.2 in July from -24.8 in June compared to -10.9 expected. The gauge rises to -18.2 in July from -24.8 in June vs a reading of …

The Eurozone purchasing managers’ composite output index (PMI) maintained its recovery for the second consecutive month, recording 48.5 in June, rising by 17 points compared to its level in May at 31.9. This is the best level for the Eurozone index in four months, since the beginning of the coronavirus …

German Chancellor Angela Merkel said that members of the European Union (EU) must agree on a deal to help fund the recovery of the bloc’s economies from the effects of the coronavirus disease (COVID-19) pandemic. A deal must be reached before the end of summer, Merkel stressed in her remarks …

The Eurozone producer prices fell by 0.6% in May compared to April, not in line with analysts’ expectations. Analysts had expected Eurozone producer prices to be 0.4% in May. According to estimates from Eurostat, the statistical office of the European Union. In April 2020, prices decreased by 2.0% in the …