Home prices in the Eurozone rose 1.3 percent in this year’s second quarter, year over year, after contracting for four successive quarters.
Tag: Eurozone
GERMAN FACTORIES RECEIVED FEWER NEW ORDERS AGAIN IN AUGUST
Orders for Germany’s industrial goods dropped 5.8 percent in August from July, almost three times the 2-percent slip that economists in a Reuters survey had expected.
EUROZONE MANUFACTURING ACTIVITY SHRANK IN SEPTEMBER
The 20-country Eurozone saw factory activity decrease last month, according to the Hamburg Commerce Bank’s purchasing managers index (PMI).
EUROZONE INFLATION SLOWS TO 2.2 PERCENT IN AUGUST
After peaking at 10.6 percent in October 2022, inflation in the 20-country Eurozone slowed to 2.2 percent in August, moving down from 2.6 percent in July and nearly reaching the European Central Bank’s 2-percent target.
EUROZONE FACTORY ACTIVITY CONTRACTS AS ASIA, U.K. IMPROVE
The Hamburg Commerce Bank’s purchasing managers' index (PMI) for the 20-country Eurozone’s manufacturing industry rated factory activity at 45.8 in August, well below the 50 mark that separates decline from growth.
EUROZONE’S SECOND-QUARTER GROWTH MISSES ESTIMATE
The economic output of the 20-country Eurozone grew just 0.2 percent in this year’s second quarter, Eurostat, the European Union’s statistics agency, reported after previously estimating a 0.3-percent expansion.
U.K. ECONOMY GROWS MORE THAN EXPECTED IN YEAR’S FIRST HALF
Britain’s GDP expanded by 0.6 percent during April, May, and June, nearly matching the first quarter’s 0.7-percent expansion and surprising analysts who had expected a more modest rise.
INVESTOR CONFIDENCE IN EUROZONE, ESPECIALLY GERMANY, COLLAPSES
In a new ZEW Indicator of Economic Sentiment, investors’ outlook for the Eurozone’s business future plunged 25.8 points to 17.9, the biggest one-month tumble since early in 2020 when the COVID War began.
EUROZONE INFLATION TICKS UP IN JULY
Last month, inflation in the 20-country Eurozone edged up to 2.6 percent after falling to 2.5 percent in June.
EUROZONE’S BUSINESS ACTIVITY SLUMPS IN JUNE
Business activity in the 20-country Eurozone slowed unexpectedly this month after French President Emmanuel Macron’s call for elections shocked markets and the area’s industrial sector saw its worst month this year.