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Tag Archives: eurozone

Markets climb despite UK, eurozone and US service sectors slowing

BRUSSELS: On Spain Dijsselbloem said it was up to the Spanish government to act on the opinion it had been given about the country’s budget, and to decide whether additional measures needed to be taken. The Eurogroup would take stock of the situation at an additional meeting about draft budgetary plans on 23 November. Eurogroup welcomes Greek commitment but warns ... Read More »

Euro zone business growth at 4-year high, France lags further

PARIS: Euro zone business activity accelerated at its fastest pace in more than four years last month, according to surveys that highlighted an ongoing divergence between laggard France and the other big economies in the currency bloc. A generally upbeat set of surveys will provide some welcome news for the European Central Bank, although they still only point to modest ... Read More »

Euro zone inflation stable at 0.2%, still far off ECB target

BRUSSELS: Euro zone inflation was unchanged in July as a further decline of energy prices negated the impact of more expensive industrial goods and services, leaving the European Central Bank with more work to do to push up prices. The European Union’s statistics office Eurostat said on Friday that consumer prices in the 19 countries sharing the euro rose by ... Read More »

Eurozone household real income rises 0.9% in 1Q

BRUSSELS: The eurozone’s household income per capita, in real terms, increased by 0.9 percent in the first quarter of 2015, after an increase of 0.1 percent in the previous quarter, according to figures issued here the other day. Figures released by Eurostat, the statistical office of the European Union, eurozone household real consumption per capita increased by 0.8 percent in ... Read More »

Eurozone annual inflation expected to fall 0.2% in June

BRUSSELS: Euro area annual inflation is expected to be 0.2 percent in June 2015, down from 0.3 percent in May 2015, according to a flash estimate from Eurostat, the statistical office of the European Union (EU). Looking at the main components of euro area inflation, food, alcohol and tobacco is expected to have the highest annual rate in June, followed ... Read More »

Eurozone can help Greece to repay debt in 5 month bailout extension

ATHENS: The eurozone can help Greece repay maturing debt in the coming months with money that remains available to Athens under the current bailout if the programme is extended by five months to November, a note prepared for eurozone finance ministers said. The financing note, seen by Reuters, put the total available amount for Greece at 16.3 billion euros ($18.3 ... Read More »

Eurozone can help Greece to repay debt in 5 month bailout extension

ATHENS: The eurozone can help Greece repay maturing debt in the coming months with money that remains available to Athens under the current bailout if the programme is extended by five months to November, a note prepared for eurozone finance ministers said. The financing note, seen by Reuters, put the total available amount for Greece at 16.3 billion euros ($18.3 ... Read More »

Eurozone Consumer Confidence remain -5.6 in June amid Greece crises

ATHENS: Eurozone consumers appear undaunted by the threat of a Greek debt default and exit from the currency area, as the leading measure of confidence steadied in June following two straight months of decline. The European Commission said Monday the headline sentiment measure from its monthly sentiment survey was unchanged at minus 5.6 in June. The measure remains above the ... Read More »

Eurozone unemployment rate falls to 11.1% in April 2015

HELSINKI: The seasonally-adjusted unemployment rate in the 19-member eurozone was 11.1 percent in April 2015, down from the 11.2 percent in March 2015 and the 11.7 percent in April 2014, the European Union (EU) said Wednesday. Meanwhile, the unemployment rate in the 28-member EU was 9.7 percent in April 2015, same as the previous month and lower than the 10.3 ... Read More »

Eurozone trade surplus at €23.4b in March 2015

HELSINKI: The Eurozone international trade in goods was expected to witness a surplus of 23.4 billion euros (26.18 billion U.S. dollars) in March, up from 16.1 billion euros in March 2014, the statistical office of the European Union (EU) Eurostat said on Tuesday. On a year-on-year basis, seasonally adjusted exports and imports rose by 11 percent and 7 percent respectively ... Read More »

Euro help boost exports of goods from eurozone to rest of world in March

BRUSSELS: A weaker euro helped boost exports of goods from the eurozone to the rest of the world in March, pushing the currency area’s trade surplus higher and aiding its economic recovery. Figures also released on Tuesday by the European Union’s statistics agency confirmed that eurozone consumer prices stopped falling in April after four straight months of decline. Eurostat said ... Read More »

Germany spent 8.1b Euros on crude oil imports in first three months of 2015

BERLIN: Germany spent 8.1 billion Euros ($9.1 billion) on crude oil imports in the first three months of 2015, down 39.1 percent from a year earlier thanks to lower prices, BAFA foreign trade office data showed. Russia supplied 33.9 percent of the total, 28.1 percent came from the British and Norwegian North Sea and while 16.4 percent was from OPEC ... Read More »

Economic growth in Eurozone boosted by Spain, Italy

ROME:  Economic growth in the eurozone eased less sharply than first estimated in April, as pickups in Spain and Italy partly offset slowdowns in Germany and France, according to surveys of purchasing managers. The surveys continue to indicate that the eurozone economy has emerged from a long period of near stagnation, aided by lower oil prices, a weakening euro and ... Read More »

ECB to buy more than €1 trillion of mostly government bonds by Sept 2016

BRUSSELS: Eurozone consumer prices stopped falling in April, further easing fears that a slide into deflation could derail the currency area’s fragile economic recovery. The European Union statistics agency Eurostat on Thursday said consumer prices were unchanged from a year earlier, having fallen in each month since December. That fall in prices prompted the European Central Bank to launch a ... Read More »

Eurozone’s recovery slows amid further signs of weaknesses in France’s economy

PARIS: The eurozone’s recovery slowed a little this month amid further signs of weaknesses in France’s economy. The flash purchasing managers’ index, a closely watched poll compiled by data company Markit, fell to 53.5 from 54 in March. While the figure remains above the 50 level that marks an expansion in activity, the reading is the weakest for two months. ... Read More »

Ireland 3rd most expensive location in Eurozone for consumer goods & services

DUBLIN: The National Competitiveness Council (NCC) today launched its Costs of Doing Business in Ireland 2015 report which says that despite price falls during the recession, Ireland remains an expensive location in which to do business, relative to some of our key competitors. Ireland is also the 3rd most expensive location in the Eurozone for consumer goods and services. Professor ... Read More »

Ireland 3rd most expensive location in Eurozone for consumer goods & services

DUBLIN: The National Competitiveness Council (NCC) today launched its Costs of Doing Business in Ireland 2015 report which says that despite price falls during the recession, Ireland remains an expensive location in which to do business, relative to some of our key competitors. Ireland is also the 3rd most expensive location in the Eurozone for consumer goods and services. Professor ... Read More »

Eurozone’s recovery slows amid further signs of weaknesses in France’s economy

PARIS: The eurozone’s recovery slowed a little this month amid further signs of weaknesses in France’s economy. The flash purchasing managers’ index, a closely watched poll compiled by data company Markit, fell to 53.5 from 54 in March. While the figure remains above the 50 level that marks an expansion in activity, the reading is the weakest for two months. ... Read More »

Dutch brewer Heineken sells 2.2% more beer in 1st quarter of 2015

AMSTERDAM : Dutch brewer Heineken NV says it sold 2.2 per cent more beer in the first quarter of 2015 compared with a year earlier, thanks to growth in Asia and the Americas. The company reported 2.2 per cent organic sales growth to 4.8 billion euros for the first three months of the year. Organic sales figures strip out the ... Read More »

Eurozone’s budget deficit falls to 2.4% of economic output from 2.9% in 2013

BRUSSELS: The combined budget deficit of the eurozone’s member governments narrowed again in 2014, but their combined debts continued to rise as low rates of inflation and weak economic growth damped tax revenues. The European Union’s statistics agency said Tuesday the eurozone’s budget deficit fell to 2.4% of economic output from 2.9% in 2013, but that additional borrowing pushed government ... Read More »