Source: Eurostat Industrial inflation in the eurozone and the European Union surged by over 36% in March, driven mainly by higher energy prices during the month. EZU is up 0.45%, while VGK is up 0.64%. Annual industrial inflation in the eurozone clocked in at 36.8%, faster than 31.5% in February and 30.7% in December.Energy prices soared by 104.1%, higher than 87.3% in … [Read more...] about Eurozone Industrial Inflation Balloon By Over 36%
Forex News
EU, Eurozone Unemployment Ease in March
Source: Eurostat Unemployment in both the eurozone and the European Union eased slightly in March, equivalent to some 13.374 million individuals in the area. EZU is up 0.50%, VGK is up 0.67%. The seasonally-adjusted unemployment rate for the euro area stood at 6.8%, down from 6.9% recorded in February and 8.2% the same month last year.This is equivalent to 11.274 million … [Read more...] about EU, Eurozone Unemployment Ease in March
UK Manufacturing Grows Slightly in April
Source: Markit Economics Manufacturing in the United Kingdom posted a slight improvement in April, marking an improvement in consumer, intermediate, and investment goods industries. EWU is up 1.62%, while EZU is up 0.80%. The S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index stood at 55.8, slightly higher than 55.2 in March and higher than the earlier … [Read more...] about UK Manufacturing Grows Slightly in April
US Manufacturing Growth Carves Nine-Month High
Source: Markit Economics The manufacturing sector in the United States continued to grow in April, reaching the fastest growth in nine months. QQQ is up 1.12%, while SPY is up 0.67%. The S&P Global US Manufacturing PMI stood at 59.2 in April, up from 58.8 in March. This is the third straight month of growth and the biggest jump since September.Growth was driven mainly … [Read more...] about US Manufacturing Growth Carves Nine-Month High
Eurozone Manufacturing Growth Slips to 15-Month Low
Source: Markit Economics Manufacturing growth in the eurozone declined to a 15-month low in April, dragged by supply-chain issues and the continuous acceleration of inflation. EZU is up 0.32%, while VGK is flat premarket. The Final Eurozone Manufacturing PMI at 55.5, the lowest level in 15 months. This follows the 56.5 in March.The Final Eurozone Manufacturing Output … [Read more...] about Eurozone Manufacturing Growth Slips to 15-Month Low
