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
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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
Eurozone, EU Economic Growth Accelerate in First Quarter
Source: Eurostat The eurozone and the European Union opened the year with faster economic growth, with positive growth rates recorded in all countries covered. EZU closed up 1.67%, while VGK is up 0.22% premarket. Seasonally adjusted economic growth posted an annual increase of 5.0% in the eurozone, up from 4.7% in the fourth quarter but lower than the 14.6% in the same … [Read more...] about Eurozone, EU Economic Growth Accelerate in First Quarter
