eurozone

In Spain, Spanish economy 9th June 2023

Euro area GDP enters technical recession after 0.1% drop in 1Q23, first time since beginning of pandemic

CdM| The Gross Domestic Product (GDP) of the euro area recorded a contraction of -0.1% in the first quarter of 2023, marking the entry into technical recession of the region’s economy, following the fall in activity also of -0.1% in the fourth quarter of 2023, according to the latest revision of the figure published by Eurostat. In this way, the community statistics office has revised its previous estimate, published in…

European economy, Relevant News Item 1st June 2023

Eurozone inflation slows to 6.1% in May, lowest level since February 2022; core moderates to 5.3%

CdM: Price rises ease in the euro area. In May, inflation fell nine tenths of a percentage point from the previous month, bringing the Consumer Price Index (CPI) to 6.1%, according to Eurostat, the EU’s statistical office. This is the lowest level since February 2022, coinciding with the Russian invasion of Ukraine. Excluding the impact of energy, food, alcohol and tobacco, core inflation achieved two consecutive months of moderation, standing…

Relevant News Item 17th May 2023

Eurozone GDP grows 0.1% in seasonally adjusted data in 1Q2023 compared to 4Q2022

Link Securities | According to the second estimate of the data, released yesterday by Eurostat, the Eurozone’s Gross Domestic Product (GDP) grew 0.1% in seasonally adjusted data in 1Q2023 compared to 4Q2022. In 42022 GDP had been stable in the Eurozone (0.0%). The reading was in line with the FactSet consensus of analysts. Compared to the same quarter of the previous year, seasonally adjusted GDP in the Eurozone increased by…

European economy, In Europe 17th May 2023

Eurozone inflation rises one tenth of a percentage point to 7% in April

The year-on-year inflation rate in the Euro area accelerated by one tenth of a percentage point in April compared with the previous month, reaching 7%, compared with 6.9% in March, while in the European Union (EU) as a whole, prices eased to 8.1% from 8.3% in March, accumulating five months of moderation, according to data published by Eurostat. Among EU countries, the lowest year-on-year inflation rates were recorded in Luxembourg…

European economy, In Europe 4th May 2023

Eurozone preliminary April CPI rises to 7% from 6.9%, core falls to 5.6% vs. 5.7% previously

Link Securities | Eurostat published on Tuesday that, according to the preliminary estimate of the data, the Eurozone consumer price index (CPI) rose 0.7% in the month of April compared to March. In the year-on-year rate, the Eurozone CPI rose in April, also according to the preliminary reading of the index, by 7.0% compared to 6.9% in March, which was expected by the analysts’ consensus. In April energy prices rose…

European economy, In Europe 5th April 2023

Eurozone inflation expectations for next 12 months fall to 4.6% in February

Link Securities | Bloomberg reported on Thursday that, according to the ECB’s monthly survey, inflation expectations for the next 12 months fell to 4.6% in February from 4.9% in January. In addition, inflation expectations for the next three years fell to 2.4% from 2.5% the previous month. In addition, according to the survey, economic growth expectations for the next 12 months continued to rise, from -1.2% to -0.9%. Meanwhile, 12-month…

European economy 4th April 2023

ECB continues to contradict market expectations with tightening messages

Renta 4 : Today, on a day in which futures point to an opening with little change, the main macro reference will be the number of available job openings in the JOLTS (Job Openings and Labor Turnover Survey) in the US, which is expected to remain high in February (10.5 million expected as opposed to 10.824 million previously), giving signs of a still very solid labour market. This data will…

European economy, In Europe 31st March 2023

Eurozone annual inflation drops to 6.9% in March

CoM | Annual inflation in the eurozone will be 6.9% in March 2023, down from 8.5% in February, according to a preliminary estimate by Eurostat, the statistical office of the European Union. Regarding the main components of eurozone inflation, food, alcohol and tobacco, they are expected to record the highest annual rate in March (15.4%, up from 15.0% in February), followed by non-energy industrial goods (6.6%, up from 6.8% in…

European economy, In Europe 29th March 2023

Eurozone M3 growth at slowest since 2014: +2.9% year-on-year, down from +3.5% previously, below expected +3%

BancaMarch : In the Eurozone, money supply continues to slow down. In February, M3 growth (the broadest monetary aggregate) moderated more than expected to +2.9% year-on-year, down from +3.5% previously and below the +3% expected. It should be noted that this is the slowest pace of money supply growth since 2014. If we analyse the evolution of loans, the slowdown deepened in loans to households (+3.2% vs. +3.6% previously), with…

European economy 25th March 2023

Eurozone economy revived by services sector: composite PMI rises to 54.1 in March

CdM : The eurozone economy seems to be showing signs of coming back to life. In March, the services sector has been driving the revival and economic growth has accelerated to a ten-month high, according to the PMI index. Inflationary pressures have moderated, while employment growth accelerates and business confidence remains resilient. S&P Global’s seasonally adjusted flash composite PMI index of total euro area activity rose for the fifth consecutive…

« 1 … 5 6 7 8 9 … 48 »