Source: Eurostat Industrial producer prices edged higher by 1.1% in both the EU and euro area in February, a slower gain compared to 5.0% and 5.1%, respectively, in January. DAX is down -1.95%, EURUSD is up +0.19%. In the euro area, intermediate goods saw the strongest surge in producer prices at 1.6%, followed by energy at 1.3%. Excluding energy, producer prices rose … [Read more...] about Industrial Prices Cools to a 1.1% Increase in February in the Euro Area and EU
EU
Eurozone, EU Unemployment Decline Further in February
Source: Eurostat Unemployment in both the eurozone and the European Union posted slight declines in February, reflecting an improvement in employment during the month. EZU is down 0.43%, and VGK is down 0.47% premarket. The seasonally adjusted unemployment rate of the eurozone was recorded at 6.8%, down from 6.9% in January and 8.2% in February 2021.This is equivalent to … [Read more...] about Eurozone, EU Unemployment Decline Further in February
Eurozone, EU Economic Sentiment Slip Further as Confidence Drops
Source: Eurostat Economic sentiment slipped further in both the eurozone and the European Union in March, dragged by the decline in consumer and industry confidence during the month. EZU is down 1.45%, while VGK is down 0.85% premarket. The Economic Sentiment Indicator in the EU dropped by 5.3 points to 107.5, and in the eurozone by 5.4 points to 108.5.The decline comes … [Read more...] about Eurozone, EU Economic Sentiment Slip Further as Confidence Drops
Eurozone, EU Consumer Confidence Slip on Russia-Ukraine Conflict
Source: European Commission Consumer confidence in the eurozone and the European Union fell to the lowest level since the onset of the COVID-19 pandemic, dragged by tensions between Russia and Ukraine. EZU is down 1.70%, while VGK is down 1.24%. The eurozone consumer confidence indicator fell by 9.9 points to -18.7.The European Union consumer confidence indicator declined … [Read more...] about Eurozone, EU Consumer Confidence Slip on Russia-Ukraine Conflict
Construction Production Improves by 3.9% In the Euro Area and EU in Jan.
Source: Eurostat Production in construction in the euro area and EU increased by 3.9% in January 2022, compared to a decline of 1.5% and 1.2% in December, respectively. DAX is up +0.64%, EURUSD is up +0.01%. Building construction increased by 4.2% in January from December in the euro area, while civil engineering output rose by 1.4%. In the EU, building construction rose … [Read more...] about Construction Production Improves by 3.9% In the Euro Area and EU in Jan.
