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Economy

Eurozone inflation figures see rise above forecasts for October

Eurozone inflation hit 2% in October, exceeding forecasts and up from September's 1.7%, driven by services and food prices. Germany witnessed unexpected price increases. The euro strengthened.

Economy

Why is Spain's economy growing faster than its eurozone peers?

The Spanish economy has shown robust growth in recent years, although experts question how long it will last.

Economy

Eurozone economy shows slight lift as Germany and France top forecasts

Eurozone GDP grew in the third quarter of 2024 at its fastest pace in two years, boosted by stronger-than-expected growth in Germany and France. The euro rose on positive data, while European stocks fell amid global market tensions and upcoming US election concerns.

Economy

Will the European Central Bank opt for a large rate cut in December?

Money markets see an increased likelihood of the European Central Bank (ECB) deepening its rate cuts in December following weak economic data. However, analysts expect the bank to maintain a gradual approach to rate reductions due to the persistent upside risks in inflation.

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Economy

Eurozone business activity contracts again, but Germany improves

The eurozone's private sector activity contracted slightly in October, marking the second consecutive month of decline.

Business

US-Europe economic growth divergences to widen further, IMF warns

The IMF warns of widening US-Europe growth divergences, calling for increased public investment in Europe. While US growth forecasts have been upgraded, the eurozone faces downgrades, with key economies like Germany and Italy struggling to keep pace.

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%.

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.