English

More about this topic

Economy

Eurozone: August retail sales rise, but Germany's factory orders sink

Eurozone retail sales grew 0.2% in August, rebounding from July's flat reading, while Germany's factory orders plunged 5.8%, marking their worst decline since January. The euro slipped below $1.10 on the news.

Business

Eurozone jobless figure remains stable, according to latest data

The eurozone unemployment rate remained stable at 6.4% throughout June, July and August, and down 0.2% on August last year. Greece, Spain and Sweden have the highest rates of unemployment.

Economy

Eurozone inflation drops in September, falling below ECB's target

The drop below the target of 2% was mainly due to falling energy prices. However, the European economy may still not be out of the woods.

Economy

Eurozone inflation figures see drop in August, towards ECB 2% target

Services were the main reason for the boost but growth in inflation was at the slowest rate in three years and inching towards the ECB's target of 2%.

ADVERTISEMENT

Economy

European Central Bank cuts interest rates again as inflation slows

The European Central Bank (ECB) has cut its key interest rates as the markets expected, marking its second reduction this year following a move in June.

Economy

Will the European Central Bank cut interest rates as expected?

The European Central Bank is expected to cut interest rates on September 12 due to falling inflation and sluggish growth. Analysts predict a 25 basis point reduction in the deposit rate. Further cuts may follow in December and throughout 2025, with inflation and economic forecasts set to be revised.

Economy

Eurozone inflation hits over 3-year low: Are ECB rate cuts looming?

Eurozone annual inflation fell to 2.2% in August 2024, yet core inflation, driven by persistent services costs, remains stubborn. ECB’s Schnabel urges caution regarding potential rate cuts.

Economy

How many people were unemployed across the EU and Eurozone in July?

Eurostat has released its latest data on the number of people without a job across the EU and Eurozone in July 2024.

Economy

Eurozone business activity sees Olympic boost, but Germany contracts

Eurozone business activity expanded in August, driven by a surge in the services sector, notably in France due to the Olympic Games. However, manufacturing continued its contraction, and Germany's private sector economy worsened, raising concerns about a potential recession.

Economy

Eurozone growth unchanged but Germany's industrial sector still weak

Germany's surprise contraction in the second quarter this year was mainly due to a halt in equipment and buildings investments, as the industrial sector continues to weaken under pressure from rising interest rates.

Economy

Eurozone growth picks up but Germany's economy sees surprise fall

The eurozone's GDP grew 0.3% in the second quarter of 2024, exceeding expectations, but Germany's contracted by 0.1%, indicating economic struggles for the bloc’s largest economy.

Economy

Hard times for Latvia as eurozone nations share mixed economic updates

Ireland and Belgium's economies continued to grow from April to June - although Latvia's was not so lucky.

Economy

Eurozone private sector activity falls in July: Is the recovery over?

Eurozone private sector activity dropped in July, hitting a five-month low. The Composite PMI fell to 50.1, signalling near-stagnation and raising concerns about the recovery's momentum.

Economy

Eurozone inflation slows to 2.5% in June, boosting ECB rate cut hopes

Eurozone inflation eased to 2.5% in June, in line with expectations. Belgium's inflation hit a 10-month high, while Germany saw a decline.

Europe News

Bulgaria can’t adopt the euro due to high inflation, ECB says

Sofia had expressed hopes it could join the EU currency zone in the middle of next year, but must meet tough economic criteria.

Economy

European financial markets 'too fragmented', warns S&P Global

Although growth in the Eurozone is back, geopolitical risks posed by the conflicts in Ukraine and the Middle East remain, along with tighter financial conditions and the reshaping of the political landscape across Europe.

Economy

Eurozone manufacturing sector hits six-month low on new order slowdown

Exports and employment were also slow, while input costs were on the rise, contributing further to declining output.

Business Planet

'I start from a big, red alarm' - Enrico Letta urges radical EU single market shake-up

In partnership with The European Commission

The EU's single market is based on free movement of goods, services, capital and people. Ex Italian PM and author of a report into the single market, Enrico Letta argues a 5th freedom - encompassing research, education and innovation - is vital for Europe's future prosperity.

Economy

Eurozone economy growth thanks to increased household spending

In the first quarter of 2024, the eurozone economy grew by 0.3% compared with the previous quarter, according to the third estimate published by Eurostat, the statistical office of the European Union.

Economy

Eurozone unemployment plunges to record low of 6.4% in April

Falling unemployment could point to a brightening European outlook, with the Euro Area economic sentiment improving as well.