Negotiated wages in the eurozone saw a slight cooling trend in the fourth quarter, offering a positive signal for European Central Bank policymakers as inflationary pressures start to alleviate. Decrease in Wage Growth In the period from October to December, negotiated wages rose by 4.5% compared to a 4.7% increase in the previous quarter, according to data unveiled by the … [Read more...] about Eurozone Negotiated Wage Cooling
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Eurozone Industrial Output Falls in September
Industrial output in the eurozone has experienced a greater decline than expected in September, indicating a continued low demand for goods within the bloc. According to recent figures published by European Union statistics agency Eurostat, total production fell by 1.1% on a monthly basis, marking a significant reversal from the 0.6% increase recorded in August. Economists had … [Read more...] about Eurozone Industrial Output Falls in September
Eurozone’s Economic Sentiment Plunges to the Lowest Since Mid-2020 in May
Source: Sentix The eurozone’s Sentix business cycle index plunged to -22.6 points in early May. It is the lowest reading since June 2020. DAX is down -1.70%, EURUSD is down -0.09%. The fall in the economic sentiment reflects the impacts of the Russian-Ukrainian war. The degree of current situation and expectations weakened by around 5%.The economic expectations were at an … [Read more...] about Eurozone’s Economic Sentiment Plunges to the Lowest Since Mid-2020 in May
Eurozone Construction Firms Less Upbeat as New Orders Fall the Fastest in 14 Months
Source: S&P Global Eurozone construction firm’s pessimism on the twelve-month outlook fell to the lowest since November 2020 in April, as depressed demand continued to impact on new orders. DAX is up +1.42%, EURUSD is down -0.11%. The weakened pessimism occurred as firms reported the fastest decline in new orders in fourteen months. The depressed activity saw the … [Read more...] about Eurozone Construction Firms Less Upbeat as New Orders Fall the Fastest in 14 Months
Eurozone Services Growth Jumps to Seven-Month High
Source: Markit Economics The services sector in the eurozone continued to climb in April, marking its best performance in seven months. EZU is down 0.25%, while VGK is down 0.53%. The S&P Global Eurozone PMI Composite Output Index stood at 55.8 in April, higher than the 54.9 in March. This is the highest since September 2021.The fastest growth was recorded in France … [Read more...] about Eurozone Services Growth Jumps to Seven-Month High
