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%
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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
Eurozone Manufacturing Growth Slips to 15-Month Low
Source: Markit Economics Manufacturing growth in the eurozone declined to a 15-month low in April, dragged by supply-chain issues and the continuous acceleration of inflation. EZU is up 0.32%, while VGK is flat premarket. The Final Eurozone Manufacturing PMI at 55.5, the lowest level in 15 months. This follows the 56.5 in March.The Final Eurozone Manufacturing Output … [Read more...] about Eurozone Manufacturing Growth Slips to 15-Month Low
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
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
