In September, 69,000 workers lost their jobs in the 20-nation Eurozone, nudging the jobless rate to 6.5 percent. More than 11 million people across the region are now out of work, 165,000 more than a year earlier, the Financial Times reported.
Tag: Eurozone
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EUROZONE ECONOMY SHRANK IN THIRD QUARTER, PMI INDICATES
The Eurozone’s economy probably contracted in this year’s third quarter, according to the Hamburg Commercial Bank’s newest composite purchasing managers index (PMI).
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EUROZONE ECONOMY SHRANK IN THIRD QUARTER, PMI SHOWS
The 20-country Eurozone’s economy contracted in this year’s third quarter, according to a purchasing managers index (PMI) compiled by S&P Global for the Hamburg Commercial Bank (HBOC).
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EUROZONE INFLATION SLOWEST IN TWO YEARS
In September, inflation among the 20-nation Eurozone fell to an annual rate of 4.3 percent, its slowest in two years, and beat analysts’ forecasts of 4.5 percent.
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BUNDESBANK PRESIDENT WARNS AGAINST ENTRENCHED INFLATION
“At all costs,” the European Central Bank (ECB) must prevent inflation from becoming entrenched across the Eurozone’s economy, Joachim Nagel, president of Germany’s central bank, said in a speech last week.
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SPOTLIGHT: EUROPE GOING DOWN
The HCOB purchasing managers index (PMI), which measures business activity across the 19-country Eurozone, sank to 47 in August, its lowest in 33 months, after the ongoing slump in manufacturing was joined by an unexpected contraction in services.
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EUROZONE INFLATION FALLS
Inflation across the 20 countries sharing the euro currency fell to 5.5 percent in June from 6.1 percent in May, beating economists’ forecast of 5.6 percent in a Reuters poll.
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