Eurozone Economy Accelerates To 11-month High In April
- 21-Apr-2023
The eurozone economy’s growth accelerated in April and hit an 11-month high, according to a closely-watched survey published on Friday. Data from the HCOB Flash Eurozone purchasing managers’ index (PMI) survey published by S&P Global rose to 54.4 in April from 53.7 in March. A figure above 50 indicates growth. Cyrus de la Rubia, chief […]
Eurozone inflation falls for third straight month
- 01-Feb-2023
BRUSSELS: The eurozone annual inflation rate fell for a third consecutive month to reach 8.5 percent in January, beating expectations, the EU’s statistics agency said Wednesday. Consumer prices dropped from the 9.2-percent rate recorded in December, helped by a continued slowdown in the rate of energy cost rises. The figure was much lower than the […]
Britain’s GDP growth outpaces eurozone
- 12-Aug-2018
LONDON: Britain’s economy picked up speed to outpace the eurozone in the second quarter despite mounting concerns over Brexit, official data showed on Friday, helped partly by sunny weather and the World Cup football tournament. Gross domestic product — the value of all goods and services produced in an economy — grew 0.4 per cent […]
Eurozone growth slows as trade tensions persist
- 31-Jul-2018
BRUSSELS: Economic growth in the eurozone slowed in the second quarter, official data has shown, feeding concerns that global trade tensions fuelled by Washington may be hurting Europe’s economy. Major economic institutions — including the European Central Bank and International Monetary Fund — have warned that growth in the eurozone risks taking a hit from […]
France, Germany close to agreement on eurozone reform
- 17-Jun-2018
Paris and Berlin are very close to an agreement on eurozone reform after months of divisions.
IMF boss urges ‘rainy day fund’ for eurozone
- 26-Mar-2018
IMF chief Christine Lagarde said that eurozone countries should set up a "rainy day fund" that could cushion members when they hit economic hard times.
Eurozone economy growth hits highest in decade
- 30-Jan-2018
Growth in the eurozone shot up in 2017, putting Europe at the centre of a global recovery and on par with levels last seen before the financial crisis a decade ago, official data said Tuesday. Europe’s economic recovery roared on despite the uncertainty around Brexit, with the economies in the 19-country area that uses the […]
Estonia to open world’s first virtual data embassy
- 16-Jul-2017
TALLINN: Cyber-savvy Estonia has taken yet another step forward in global technology, as the small Baltic state is set to open the world’s first data embassy in Luxembourg early next year. The heavily protected server room will contain important Estonian e-government data, so that the NATO and eurozone member can access it even when systems […]
Eurozone growth at highest pace in six years: survey
- 21-Feb-2017
BRUSSELS: The eurozone economy grew at its fastest pace in six years in February, as all signs pointed to the recovery maintaining “strong momentum,” a closely watched surved showed Tuesday. Data monitoring company IHS Markit also said job creation in the 19-country eurozone recorded its best level for nearly a decade. It said its February […]
Eurozone inflation, jobless figures steady
- 31-Aug-2016
BRUSSELS, BELGIUM: Eurozone inflation and jobless data on Wednesday fell short of analyst forecasts as the economy bumps along amid speculation the European Central Bank will have to adopt more stimulus measures.