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
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
Eurozone Industrial Inflation Balloon By Over 36%
Source: Eurostat Industrial inflation in the eurozone and the European Union surged by over 36% in March, driven mainly by higher energy prices during the month. EZU is up 0.45%, while VGK is up 0.64%. Annual industrial inflation in the eurozone clocked in at 36.8%, faster than 31.5% in February and 30.7% in December.Energy prices soared by 104.1%, higher than 87.3% in … [Read more...] about Eurozone Industrial Inflation Balloon By Over 36%
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
