Tag Archives: Eurozone

Data from the European Central Bank showed that the revised current account surplus of the 19 Eurozone countries shrank to 16.6 billion Euros in July from 20.7 billion Euros in June, as a decline in the primary income account eroded the impact of an increase in the trade surplus. In …

The European Union Statistics Office confirmed that consumer prices in Eurozone fell in August, driven by lower energy prices, but core inflation excluding those volatile elements also slowed sharply. The office said that inflation in the 19-nation Eurozone fell 0.4% month over month in August and fell to -0.2% year …

Data showed that the Eurozone’s unadjusted trade surplus jumped year on year in July, as imports fell further with exports amid an economic slowdown caused by the COVID-19 pandemic. The European Union statistics office Eurostat said that the trade surplus of the 19-country Eurozone countries with the rest of the …

The European Union asked Britain Thursday 10 September to urgently cancel a plan to breach the withdrawal agreement, but Prime Minister Boris Johnson’s government refused and instead went ahead with a bill that could waste four years of Brexit talks. With the increasing likelihood that Britain’s departure from the European …

A survey showed that the recovery of the Eurozone economy from its biggest downturn on record faltered in August as growth in the services sector dominating the bloc almost completely halted, suggesting that the long road to recovery is bumpy. Last quarter, the bloc’s economy shrank 12.1%, as the imposition …

The unemployment rate has risen again in the Eurozone as the impact of the Coronavirus pandemic is still. Official figures put the unemployment rate in the region at 7.9% for July. This comes after the Eurozone recorded an unemployment rate of 7.7% in June. The numbers draw a worsening picture …

A survey on Tuesday, September 1 showed that Eurozone manufacturing activity remained on a recovery path last month, but factory managers were wary of investment and employment as the coronavirus pandemic spreads. Industrial production, which had not experienced a sharp decline like the service sector during the pandemic, rose for …

The inflation rate in the euro area turned negatively last month for the first time since May 2016, increasing the chances of the European Central Bank pumping more stimulus for higher prices that had not reached the target set for more than seven years. The annual inflation rate in 19 …

Peter Kazimir, a member of the European Central Bank’s governing council, said the eurozone economy is growing according to the path the European Central Bank expected in June, so policy makers still have room to wait for hard, more detailed data. Initially, it seemed that the Eurozone economy was recovering …

Consumer confidence in the Eurozone improved during August by 0.3 points, according to preliminary data by the European Commission on Friday. The consumer morale index recorded -14.7 this month, up from -15.0 in July. For the European Union (EU), the consumer confidence increased by 0.1 points to -15.5.