The European Commission has announced its plans to delay tariffs on certain electric vehicles exported between the European Union (EU) and the U.K. This move is aligned with the interests of carmakers in both regions. The proposed measure, which would have imposed a 10% tariff on electric vehicles with a significant number of parts made outside of the EU or the U.K., was … [Read more...] about European Commission Delays Tariffs on Electric Vehicles
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Retail Trade Volumes Edge Lower in the Euro Area and EU in March
Source: Eurostat The volume of retail sales in the euro area were down by 0.4% in March, while in the EU, the sales fell by 0.2%. DAX is up +0.10%, EURUSD is up +0.21%. The decline in retail sales in March is a downturn, after the volumes shot up by 0.4% and 0.3% in the euro area and EU, respectively, in February.Retail sales declined the most in the automotive fuel … [Read more...] about Retail Trade Volumes Edge Lower in the Euro Area and EU in March
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
Economic Sentiment Falls by 1.7 Points in the EU and Euro Area in April
Source: European Commission The Economic Sentiment Indicator was recorded at 104.9 in the EU and 105.0 in the euro area in April, a decline of 1.7 points in both regions. DAX is down -0.74%, EURUSD is down -0.14%. Confidence worsened in industry, with a fall of 0.8 points, retail trade with a decline of 2.0 points, while construction confidence fell by 1.8 … [Read more...] about Economic Sentiment Falls by 1.7 Points in the EU and Euro Area in April
Euro Area’s Annual Inflation Hits a New Record 7.5% In April
Source: Eurostat Inflation was estimated to have jumped to a fresh record of 7.5% in the euro area in April, from 7.4% the previous month. DAX is up +0.82%, EURUSD is up +0.28%. The energy was the main driver of the annual inflation in April, with a surge of 38%, although the gain was lower compared to an increase of 44.4% in March.Inflation in the food, alcohol, & … [Read more...] about Euro Area’s Annual Inflation Hits a New Record 7.5% In April
