Eurozone on track for growth: Service sector PMI at 38-month high August 5, 2014 There are hopes that the Eurozone may be on track for growth, after July's Purchasing Managers' Index (PMI) showed that activity in the region's service sector had reached a 38-month high. The figures, published by Markit, also showed that Eurozone business expanded at the second-fastest pace in three years as a buoyant service industry [...]
Inflation slips to lowest since 2009 for Eurozone July 31, 2014 Inflation weakened even further in the Eurozone during July, dropping to just 0.4 per cent, the lowest level since the aftermath of the financial crisis. The consumer price index (CPI) has been growing increasingly slowly since the middle of 2012, and was last above the European Central Bank (ECB) target level of two per cent [...]
Eurozone slips further towards deflation, but employment is up July 31, 2014 Eurozone inflation has fallen further this month, raising concerns that it is slipping into the "danger zone" of possible deflation. Year-on-year inflation figures released by Eurostat, the European Union's Statistical office, have revealed that prices in the single currency zone went up by just 0.4 per cent in July, which is less than the [...]
Fragile expansion in Russia and Eurozone set for sanctions shock July 29, 2014 Russian markets and economic growth could be damaged further by a new round of European sanctions, which go further than forecasters had thought. “It seems like the EU has done even more than the majority of analysts have been expecting,” said Evghenia Sleptsova of Roubini Global Economics. “The sanctions are going to have more of [...]
Sluggish France hits Eurozone’s recovery hopes July 24, 2014 ECONOMIES across the Eurozone are beginning to recover, but the sustained slump in France is weighing on that emerging growth, influential surveys showed yesterday. Businesses through the currency area as a whole reported activity picking up – Markit’s purchasing managers’ index (PMI) picked up from 52.8 in June to hit 54 in July. Any score of [...]
Doubts looming over Eurozone stimulus option July 17, 2014 QUANTITATIVE easing (QE) would have a less dramatic effect in the Eurozone than in the UK, according to research out yesterday, as a senior European official signalled that the policy may not be pursued at all. A report by credit ratings agency Moody’s argued that with sovereign bond yields already very low in the euro [...]
ECB will give Eurozone banks just two weeks to devise plan to get their houses in order July 17, 2014 The European Central Bank (ECB) will give Eurozone lenders just two weeks to come up with plans to deal with any capital shortfalls after it completes a review of the currency union's most important banks this autumn. In an update of its plans as it prepares to conduct stress tests of the Eurozone's 128 largest [...]
Yet another sign that the Eurozone economic recovery is stalling July 17, 2014 This time it's construction. Construction output across the Eurozone dipped 1.5 per cent in May compared with April, according to the EU's statistics agency with the up until now powerhouse of the recovery, Germany, leading the index down. Civil engineering fell by three per cent and building construction by 1.1 per cent in the 18-member [...]
The International Monetary Fund calls for Eurozone to start doing QE right now July 14, 2014 The International Monetary Fund (IMF) assessment of the Eurozone’s economic policies has just been released, and much of it does not make pleasant reading – despite noting the recent expansion, the Fund is calling on the European Central Bank (ECB) to set out on a quantitative easing programme. If inflation remains too low the [...]
Fears of a faltering Eurozone recovery as industrial production shrinks 1.1pc July 14, 2014 Further evidence that the fragile Eurozone recovery could be beginning to splutter emerged today. Industrial production in the 18-member euro area fell sharply by 1.1 per cent in May, the largest monthly drop since September 2012, according to figures released by the EU's statistics agency Eurostat this morning. The data confirmed analyst fears that a [...]