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
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Eurozone, EU Construction Production Decelerate in February
Source: Eurostat Construction production in both the eurozone and the European Union slowed in February, as building construction growth was halved versus the previous month. EZU is down 1.61%, while VGK is down 0.86% premarket. Total construction in the eurozone grew by 1.9% in February, slower than the 3.9% growth recorded in January.Building construction expanded by … [Read more...] about Eurozone, EU Construction Production Decelerate in February
European Economic Sentiment, Employment Expectations Drop in March
Source: European Commission Economic sentiment and employment expectations in both the eurozone and the European Union declined in March, due mainly to lower confidence. EZU is up 1.20$, while VGK is up 0.60%. The Economic Sentiment Indicator fell by 5.3 points to 107.5 in the European Union, and by 5.4 points to 108.5 in the eurozone. The decline was attributed … [Read more...] about European Economic Sentiment, Employment Expectations Drop in March
Eurozone, EU Industrial Production Rebound in February
Source: Eurostat Industrial production rebounded in both the eurozone and European Union in February, following the contraction recorded in the first month of the year. EZU is up 1.62%, while VGK is up 0.86%. Total industrial production in the eurozone climbed by 0.7% in February versus the previous month, marking a rebound from the -0.7% recorded in January.Monthly … [Read more...] about Eurozone, EU Industrial Production Rebound in February
Retail Sales Increase by a Marginal 0.3% In Euro Area and EU in February
Source: Eurostat The Euro area and EU posted a marginal 0.3% increase in retail sales in February, compared to a gain of 0.2% and 0.5%, respectively, in January. DAX is up +0.45%, EURUSD is down -0.01%. In the euro area, retail sales rose the highest in the automotive fuels category at 3.2% and 0.8% in non-food products. The sales fell by 0.5% in the foods, drinks, and … [Read more...] about Retail Sales Increase by a Marginal 0.3% In Euro Area and EU in February
