The Eurozone economic downturn deepened in September with business activity contracting for a third consecutive month, S&P Global said. The eurozone composite purchasing managers index fell to 48.2 in September Read more
Tag: Eurozone
Eurozone flash PMIs point to GDP contraction in 3Q
The Eurozone economic downturn deepened in September with business activity contracting for a third consecutive month, S&P Global said. The eurozone composite purchasing managers index fell to 48.2 in September Read more
Euro returns to parity vs. the dollar as energy price spike raises eurozone economy fears
The euro fell below parity against the dollar again as traders dumped the single currency amid renewed fears surging energy costs would cause recession in Europe. The buck’s bounce was Read more
Eurozone retail sales fell in June due to higher prices
Eurozone retail sales fell in June due to rising inflation and declining consumer confidence among households, the European Union’s statistics agency Eurostat said Wednesday. The volume of retail sales fell Read more
Eurozone manufacturing downturn worsens in July, PMI falls below 50
The eurozone manufacturing sector fell deeper into contraction in July, with manufacturing purchasing managers index data signaling the sharpest decline in production since the pandemic lockdowns of May 2020. The Read more
Eurozone 2Q Growth Beats Forecasts Amid Services Rebound
By Maria Martinez The eurozone economy grew at a faster pace than expected in the second quarter as the services sector benefited from the reopening of the economy. Across the Read more
Eurozone Inflation Rose to Record High of 8.9% in July, Beating Forecasts
By Maria Martinez The eurozone’s annual rate of inflation accelerated again in July, reaching its highest ever level. Consumer prices rose 8.9% on year in July after climbing 8.6% in Read more
Eurozone economy will tip into recession this year, Goldman forecasts, as JPMorgan also makes recession call
Goldman Sachs is now forecasting a eurozone recession this year, not just on concerns about Russia turning off the natural-gas taps but also on a slowing in services-side output. Rival Read more
ECB’s ‘anti-fragmentation’ measure comes at just the right time for Italy
When the European Central Banks delivers its first interest rate rise in more than 10 years on Thursday, it is also expected to provide detail on a measure it hopes Read more
Euro breaks through parity amid concern for U.S. inflation and eurozone energy crisis
The euro EURUSD, -0.94% traded below $1 for the first time in 20 years, reflecting both surging U.S. inflation that’s raising expectations for Federal Reserve rate hikes as well as Read more