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.
Tag: Eurozone
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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.
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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.
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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.
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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.
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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.
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EUROZONE BUSINESS ACTIVITY ACCELERATES IN MAY
Business in the 20-country Eurozone was more brisk in May than it has been in a year, the Hamburg Commercial Bank’s purchasing managers index (PMI) showed.
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EUROZONE SHOWS ECONOMIC SPURT IN APRIL
In April, the Eurozone’s flash purchasing managers index (PMI) for the overall economy rose to 51.4 from 50.3 in March, the strongest rating in 11 months. Analysts in a Reuters poll had predicted a reading of 50.8.
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WAGE GROWTH MAY SLOW INFLATION’S FALL, DELAY ECB RATE CUTS
The Eurozone’s annual rate of wage increases rose to 4.7 percent in 2023’s third quarter, the fastest pace in the common currency’s 25-year history, the Financial Times reported.
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IRISH FACTORY OUTPUT SLIPS IN OCTOBER
Ireland’s factory output sank 0.7 percent in October, more than twice the 0.3-percent decline analysts had forecast.