Source: Eurostat Inflation in the eurozone climbed to a fresh record high in March, driven mainly by the increase in energy prices during the month. EZU is down 0.83%, while VGK is up 0.85% premarket. Inflation stood at 7.5% in March, up from 5.9% in the previous month and 1.3% in the same month last year.Core inflation jumped to 3.2%, up from 2.9% in February and 1.0% in … [Read more...] about Eurozone Inflation Accelerates to New All-Time High 7.5%
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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 Business Output Slips to Two-Month Low
Source: Markit Economics The eurozone business output slowed to a two-month low in March, dragged by the ongoing conflict between Russia and Ukraine. EZU and VGK are both down 0.02% premarket. The headline S&P Global Eurozone PMI fell to 54.5 from 55.5, indicating a loss of economic momentum from the five-month high in the previous month.Firms recorded resurgent … [Read more...] about Eurozone Business Output Slips to Two-Month Low
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
