AFP - Confidence in the eurozone economy rose to the highest level for three years last month, a bright spot in a bad year which the single currency area wants to put behind it, key EU data showed on Thursday.
Confidence in the eurozone economy rose to the highest level for three years last month, a bright spot in a bad year which the single currency area wants to put behind it, key EU data showed on Thursday.Regional powerhouses France and Germany carried the stronger-than-expected rise, but in a sign that the euro has yet to shake off its troubles, southern members hit by high debts and public deficits continued to fall back.
THERE are continued signs today that the recent market placidity in Europe is not proof the crisis is over. Begin with this Reuters piece, with the encouraging headline, "Eurozone shows further signs of recovery". Splendid! Only:
Brussels (AFP) - The eurozone slipped into deflationary territory in December for the first time since the height of the financial crisis in 2009, EU figures showed Wednesday, challenging the ECB to take action to avert a new economic crisis in Europe.
BRUSSELS — Inflation in the eurozone has fallen to a three-year low and unemployment hit a new record, cementing expectations of an interest rate cut by the European Central Bank later this week.
Inflation tumbled to 1.2% in April, the lowest level since February 2010 and the biggest monthly drop in more than four years, the EU’s statistics office Eurostat said on Tuesday, reflecting an economy mired in recession.
LONDON — The schism dividing the eurozone’s strong and weak economies deepened to include its core pairing in February as French firms suffered their worst month in four years in stark contrast to prospering Germany.
The gap between the two biggest economies in the eurozone is now at its widest since purchasing manager surveys (PMIs) started in 1998, the latest sounding showed.
It dealt a blow to hopes the eurozone might emerge from recession soon, showing the downturn across the region’s businesses worsened unexpectedly this month.
Spain’s two-year recession ended in the third quarter, underpinning Prime Minister Mariano Rajoy’s bet that exports can reboot the euro region’s fourth-largest economy.
Gross domestic product rose 0.1% from the second quarter, when it declined 0.1%, the Madrid-based National Statistics Institute said today. That matched the Bank of Spain’s estimate on Oct. 23. Inflation in October was 0.1%, the least since 2009, INE said in a separate release.
Business and consumer confidence in the 16-nation eurozone jumped to the highest level for nearly three years in September with a strong gain in Germany, an EU survey said on Wednesday.The Economic sentiment indicator produced by the European Commission rose by nearly one point from August to 103.2 points in the single currency area, the highest level since January 2008 when it reached 103.5 points.