Source: Eurostat The eurozone and the European Union both posted a deficit in terms of international trade in February, as imports outpaced exports during the month. EZU is up 1.62%, while VGK is up 0.99%. The eurozone international trade in goods deficit stood at €7.6 billion in February, reversing the €23.6-billion surplus recorded the same month in 2021.Exports to the … [Read more...] about Eurozone, EU Post Trade Deficit in February
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Eurozone Construction Output Growth Drops to Five-Month Low in March
Source: Markit Economics Eurozone construction output growth fell to a five-month low in March as firms recorded inflationary concerns and uncertainties due to geopolitical tensions. EZU is down 1.59%, while VGK is flat premarket. The S&P Global Eurozone Construction Total Activity Index stood at 52.8 in March, down from 56.3 in February. This is the slowest expansion … [Read more...] about Eurozone Construction Output Growth Drops to Five-Month Low in March
Eurozone Economic Growth Weakens, Business Confidence Drops to 17-Month Low
Source: Markit Economics The eurozone economy continued to expand in March, albeit at a slower pace than February’s five-month high, driven mainly by the easing of COVID-19 restrictions. EZU is down 0.89%, and VGK down 0.43% premarket. The Final Eurozone Composite Output Index stood at 54.9, lower than the 55.5 recorded in February.Growth was driven by the service sector, … [Read more...] about Eurozone Economic Growth Weakens, Business Confidence Drops to 17-Month Low
Eurozone Recession Seen as Economy Falls to 21-Month Low in April
Source: Sentix The eurozone economic indicator contracted for the second straight month in April, to fall to its lowest level in nearly two years. EZU is down 0.29%, while VGK is flat premarket. The overall Sentix index dropped 11 points to -18, following the -7.0 in March. This is the lowest since July 2020.Economists are expected to report the start of the second … [Read more...] about Eurozone Recession Seen as Economy Falls to 21-Month Low in April
Eurozone Manufacturing Growth Plunges to 14-Month Low
Source: Markit Economics Manufacturing growth in the eurozone plummeted to a 14-month low in March, dragged by the escalating tensions between Russia and Ukraine. EZU is down 0.86%, and VGK is up 0.91%. The Final Eurozone Manufacturing PMI stood at 56.5, down from 58.2. This is the lowest level since the start of 2021.The Final Eurozone Manufacturing Output Index plunged … [Read more...] about Eurozone Manufacturing Growth Plunges to 14-Month Low
