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Irish industrial output fell by 7% in October - the biggest drop in the euro zone during that month

Euro zone industry output falls by more than expected

Euro zone industrial production declined by more than expected in October, with the sharpest drop for capital goods such as machinery, reinforcing survey indications that the single-currency area is in a recession.

Business • 13 Dec 23

Ireland had the biggest GDP contraction in the euro zone down 1.8%, during the third quarter, new Eurostat figures show

Euro zone's third quarter GDP contracts by 0.1%

The euro zone economy contracted by 0.1% in the three months to the end of September, new data from Eurostat, the European Union's statistics office, has confirmed.

Business • 07 Dec 23

Retail sales in the euro zone rose 0.1% month-on-month in October to a level 1.2% lower than a year earlier

Euro zone retail sales inch up in October

Euro zone retail sales rose very slightly in October, broadly in line with expectations, after three consecutive months of decline, suggesting that consumer spending will provide at most a modest boost to economic growth.

Business • 06 Dec 23

HCOB's final euro zone manufacturing Purchasing Managers' Index rose to 44.2 in November from October's 43.1, above a preliminary estimate of 43.8

Euro zone factory downturn eased in November - PMI

The broad-based downturn in euro zone manufacturing activity eased slightly last month but the sector remained deeply rooted in contractionary territory, prompting factories to trim staffing levels for a sixth month in a row.

Business • 01 Dec 23

The European Commission's monthly survey today showed economic sentiment in the euro zone rose to 93.8 points from a revised 93.5 in October.

Euro zone economic sentiment inches up in November

Euro zone economic sentiment increased slightly for a second consecutive month in November, in line with expectations, as a modest up-tick of the mood in services, retail and amongst consumers outweighed a decline in manufacturers' confidence.

Business • 29 Nov 23

HCOB's PMI moved up to 47.1 from October's near three-year low of 46.5 but remained firmly below the 50 mark separating growth from contraction

Euro zone business activity fell again in November

The downturn in euro zone business activity eased in November but remained broadbased, suggesting the bloc's economy will contract again this quarter as consumers continue to rein in spending, a survey showed.

Business • 23 Nov 23

Eurostat said inflation in the euro zone slowed to 2.9% year-on-year in October from 4.3% in September after prices rose 0.1% on a monthly basis

More expensive food drives October euro zone inflation

More expensive services and food were the main drivers of consumer price growth in the euro zone in October, data showed today, as the EU's statistics office confirmed year-on-year inflation slowed sharply.

Business • 17 Nov 23

The European Commission has predicted that the Irish economy - as measured by GDP - will fall by 0.9% this year

EU cuts Irish and euro zone growth forecasts for 2023

The European Commission has sharply revised downwards its forecasts for growth in the Irish economy measured by Gross Domestic Product (GDP), mostly due to falls in exports by multinational companies.

Business • 15 Nov 23

Eurostat confirmed its estimate from October 31 that GDP in the euro zone fell 0.1% quarter-on-quarter in the July-September period for a 0.1% year-on-year rise

Euro zone's Q3 GDP shrinks, but employment rises

The euro zone economy contracted marginally on a quarterly basis in the third quarter, a new estimate confirmed today underlining expectations of a technical recession if the fourth quarter turns out equally weak, but employment still rose.

Business • 14 Nov 23

Online sales in the euro zone fell by 1.9% in September compared to August

Euro zone retail sales fall in September

Euro zone retail sales fell roughly in line with expectations in September, data showed today, highlighting weak consumer demand and the prospect of recession.

Business • 08 Nov 23

European Central Bank vice president Luis de Guindos

Eurozone economy set to contract or stagnate in Q4

The euro zone's economy is likely to contract slightly or at best stagnate in the fourth quarter, ECB's vice president Luis de Guindos said today.

Business • 07 Nov 23

HCOB's PMI, compiled by S&P Global and seen as a good guide of overall economic health, fell to 46.5 in October from September's 47.2 - its lowest reading since November 2020

Euro zone economy started Q4 on back foot - PMI

The downturn in euro zone business activity accelerated last month as demand in the dominant services industry weakened further, a survey showed today, suggesting there is a growing chance of a recession in the 20-country currency union.

Business • 06 Nov 23

Professor Philip Lane, the ECB's chief economist

ECB's Lane sees good case for 'soft landing' of economy

European Central Bank chief economist Philip Lane said today there was still a "good case" for the euro zone economy to avoid a recession despite a tightening credit market.

Business • 02 Nov 23

HCOB's final euro zone manufacturing Purchasing Managers' Index (PMI , fell to 43.1 in October from September's 43.4

Euro zone factory downturn deepened in October - PMI

Euro zone manufacturing activity took a further step back last month in a broad-based downturn, according to a survey which showed new orders contracted at one of the steepest rates since the data was first collected in 1997.

Business • 02 Nov 23

Eurostat said GDP in the 20 countries sharing the euro fell 0.1% quarter-on-quarter in the three months from July to September

Euro zone Q3 GDP growth weaker than expected

Euro zone economic growth was weaker than expected in the third quarter, a flash estimate showed today, with gross domestic product contracting slightly quarter-on-quarter and the year-on-year growth rate slow ing sharply.

Business • 31 Oct 23

Euro zone inflation slowed to 2.9% year on year in October - the slowest pace since July 2021 - from 4.3% in September

Euro zone inflation, growth slow as ECB hikes weigh

Euro zone inflation dropped to its lowest level in over two years in October, as energy prices fell and the high interest rates set by the European Central Bank dampened demand, a preliminary reading showed today.

Business • 31 Oct 23

HCOB's flash euro zone Composite Purchasing Managers' Index fell to 46.5 in October from September's 47.2 - its lowest since November 2020

Euro zone PMI hits lowest in nearly three years

Euro zone business activity took a surprise turn for the worse this month as demand fell in a broad-based downturn across the region, a survey showed, suggesting the bloc may slip into recession.

Business • 24 Oct 23

Industrial production in the euro zone rose by 0.6% month-on-month in August for a 5.1% year-on-year decline

Euro industrial output rises in August

Euro zone industrial production rose by more than expected in August, data showed today, as factories made more consumer goods although overall output was down by more than 5% from a year earlier.

Business • 13 Oct 23

An ECB survey reveals that euro zone households see inflation staying slightly above the European Central Bank's 2% target for another three years

Consumers see inflation above ECB target for years

Euro zone households see inflation staying slightly above the European Central Bank's 2% target for another three years, an ECB survey showed, as rate-setters struggle to convince the public that their plans for taming price pressures are on track.

Business • 11 Oct 23

Eurostat said retail sales in the the euro zone fell 1.2% month-on-month for a 2.1% year-on-year decline in August

Euro zone retail sales see bigger than expected drop

Euro zone retail sales fell much more than expected in August, data showed today, pointing to weaker consumer demand as inflation remains high.

Business • 06 Oct 23

HCOB's final Composite Purchasing Managers' Index, seen as a good gauge of overall economic health, nudged up to 47.2 in September from August's 46.7

Euro zone economy likely contracted in Q3 - PMI

The euro zone economy probably shrank last quarter, according to a survey which showed demand fell in September at the fastest pace in almost three years.

Business • 04 Oct 23

HCOB's final euro zone manufacturing Purchasing Managers' Index dipped to 43.4 in September from a reading of 43.5 in August

Euro zone factory activity stuck in steep downturn: PMI

Euro zone manufacturing activity remained mired in a deep and broad-based downturn last month, according to a survey which showed today that demand kept shrinking at a pace rarely surpassed since the data was first collected in 1997.

Business • 02 Oct 23

The European Commission's monthly survey showed economic sentiment in the euro zone fell to 93.3 points in September from a revised 93.6 in August

Euro zone economic sentiment slips again

Euro zone economic sentiment fell for a fifth consecutive month in September although by slightly less than expected.

Business • 28 Sep 23

HCOB's flash euro zone Composite Purchasing Managers' Index rose to 47.1 in September from August's 33-month low of 46.7

Euro zone economy likely contracted in Q3 - PMI

The euro zone economy will likely contract in the third quarter and will not return to growth anytime soon, a survey showed, even though a downturn in the bloc's business activity eased slightly in September.

Business • 22 Sep 23

The world economy is now expected to grow 3% this year, up from the 2.7% forecast in the OECD's June outlook

OECD sees 'sub-par' global growth as high rates bite

The OECD has today raised its global economic outlook for 2023 but cut the growth forecast for next year as "painful" interest-rate hikes aimed at curbing inflation take their toll.

Business • 19 Sep 23

Euro Zone Economy

Euro zone industry output falls by more than expected

Euro zone's third quarter GDP contracts by 0.1%

Euro zone retail sales inch up in October

Euro zone factory downturn eased in November - PMI

Euro zone economic sentiment inches up in November

Euro zone business activity fell again in November

More expensive food drives October euro zone inflation

EU cuts Irish and euro zone growth forecasts for 2023

Euro zone's Q3 GDP shrinks, but employment rises

Euro zone retail sales fall in September

Eurozone economy set to contract or stagnate in Q4

Euro zone economy started Q4 on back foot - PMI

ECB's Lane sees good case for 'soft landing' of economy

Euro zone factory downturn deepened in October - PMI

Euro zone Q3 GDP growth weaker than expected

Euro zone inflation, growth slow as ECB hikes weigh

Euro zone PMI hits lowest in nearly three years

Euro industrial output rises in August

Consumers see inflation above ECB target for years

Euro zone retail sales see bigger than expected drop

Euro zone economy likely contracted in Q3 - PMI

Euro zone factory activity stuck in steep downturn: PMI

Euro zone economic sentiment slips again

Euro zone economy likely contracted in Q3 - PMI

OECD sees 'sub-par' global growth as high rates bite