Source: European Central Bank The eurozone opened the year with a stable current account surplus, as its credit and debit grew at the same rate. EZU is up 0.77% and VGK flat premarket. The current account surplus stood at €23 billion in January, unchanged from December and lower than the €38-billion surplus the same month last year.Debit grew to €393 billion from €386 … [Read more...] about Eurozone Current Account Surplus Stays at €23 Billion in January
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Eurozone, EU Open 2022 With Trade Deficits
Source: Eurostat The trade balance in both the eurozone and the European Union swung to a deficit in January, driven mainly by the higher imports of energy products during the month. EZU is down 2.14%, while VGK is down 1.12% premarket. The eurozone trade deficit was recorded at €27.2 billion, which reversed the €10.7-billion surplus in the same month last year.Exports of … [Read more...] about Eurozone, EU Open 2022 With Trade Deficits
Eurozone, EU Inflation Surges to Historic Highs as Energy Prices Soar
Source: Eurostat Inflation continued to accelerate in both the eurozone and the European Union in February, as energy prices drove the overall readings to historic highs. EZU is down 0.83%, and VGK is down 0.90% premarket. Eurozone inflation clocked in at 5.9% in February, up from the 5.1% in January and the 0.9% recorded the same month in 2021.Inflation in the EU stood … [Read more...] about Eurozone, EU Inflation Surges to Historic Highs as Energy Prices Soar
Eurozone, EU Industrial Production Growth Fall to Three-Month Low
Source: Eurostat Industrial production in the eurozone was flat and slightly up in the European Union in January, marking a slowdown from the growth recorded in the previous months. EZU is up 0.07%, while VGK is down 0.09%. Industrial production in the eurozone was flat in January, reflecting a three-month low following the 1.3% growth in December and 2.5% in November … [Read more...] about Eurozone, EU Industrial Production Growth Fall to Three-Month Low
Eurozone Construction Activity Contracts for 12th Straight Month
Construction in the Eurozone contracted in February to mark a full-year decline amid the COVID-19 pandemic, according to the latest data compiled by IHS Markit. The Eurozone Construction Total Activity Index rose to 45.0 in February from 44.1 in January. The headline figure tracks changes in total volume month-on-month.The decline marked the twelfth straight monthly fall in … [Read more...] about Eurozone Construction Activity Contracts for 12th Straight Month
