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Economy

Unemployment in the euro area drops to 6.4%

The latest data from Eurostat shows unemployment rates are getting slightly better in the euro area and the wider EU.

Economy

Euro area inflation rises less than expected in December

Eurozone inflation in December rose by 2.9% year-on-year, less than the 3% expected, ending a seven-month decline streak. Monthly, the inflation rate increased by 0.2%. Core inflation, excluding energy and food, hit 3.4%. November's PPI fell by 0.3%, with a significant yearly drop of 8.8%.

France

EU leaders salute father of European integration Jacques Delors

The former President of the European Commission and prominent figure of the French left passed away on Wednesday aged 98.

Economy

Eurozone inflation compared as energy prices offer some relief

Euro area inflation fell in line with market estimates in November as energy prices fell. Euronews Business breaks down the latest economic data impacting the eurozone economy.

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Economy

Retail sales boosted in October as European shoppers spend more

Eurostat reported a 0.1% increase in retail sales in the Eurozone for October, following three months of decline.

Economy

Inflation, weak demand and falling employment weigh on the eurozone

The eurozone economy continued its decline for a sixth consecutive month. Euronews Business looks at why and breaks down the latest figures.

Economy

Small wins for eurozone manufacturing sector as downturn eases

The downturn in manufacturing activity softened slightly in November and business confidence is at a three-month high. Experts nonetheless say a recovery is far-off.

Economy

Lower inflation and wage growth in 2024? Here's S&P Global's outlook

Euronews Business spoke to chief EMEA economist, Sylvain Broyer, at S&P Global about the eurozone economic outlook for 2024.

Economy

Euro area inflation slowdown brings ECB's 2% target back into focus

Inflation in the euro area has taken a significant dip, reaching its lowest level in over two years. Euronews Business breaks down the latest figures.

Business

German inflation at lowest level in two years

Germany’s Federal Statistical Office has published inflation figures for September, which come in at +3.8% compared with the same month last year.

Business

Economy roundup: Tourism steadily climbs but business trips struggle

New economic data from the EU’s statistical office shows that retail trade and service production numbers were down in September, and while tourism recovered strongly in 2022, some post-COVID struggles remain.

Economy

What will Poland’s new government mean for the EU economy?

As President Andrzej Duda opens consultations with party leaders to form a new government, here's how the opposition's majority in the Polish parliament will affect the EU's sixth-largest economy - as well as the bloc itself.

Economy

Eurozone unemployment still at its lowest level in August, at 6.4%

Unemployment rates continue to decrease in countries that use the euro. For the European Union as a whole, the unemployment rate stood at 5.9% in August, the same as in May and June.

Business

Inflation drops sharply in Europe in September

The annual inflation was still double the European Central Bank’s target, however.

Business

European Central Bank hikes interest rates to highest level since 2000

Christine Lagarde warned that consumer prices are still rising too fast.

Economy

Windfall profits rise to $1 trillion amid cost-of-living crisis: Study

New data on the profits of the world's largest businesses has renewed calls for permanent windfall taxes across all sectors of the economy.

Economy

Brussels unveils plans for a digital euro promising complete privacy

The Commission's proposals would allow people to store up to €3,000 digital euros in secure wallets and use them for both offline and online payments.

Economy

European Central Bank hikes rates again to 3.5% to battle inflation

The European Central Bank has pressed ahead with another interest rate hike, aiming to crush inflation that is driving up the cost of groceries, utility bills and summer vacations.

Economy

Europe's economy enters technical recession as households struggle

Europe's economy entered a technical recession after the eurozone endured two consecutive quarters of decline.

Europe

Falling energy prices boost EU's growth outlook, Commission says

GDP in the EU is now forecast to reach 1.0% in 2023 and 1.7% in 2024, up from a previous forecast of 0.8% and 1.6%.