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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

Industrial production in the euro zone fell 1.1% month-on-month in July for a 2.2% year-on-year decline

Euro zone July industrial production drops

Euro zone industrial production dropped much more than expected in July, data showed today, underlining downward revisions of economic growth for this year in European Commission forecasts.

Business • 13 Sep 23

The European Commission said the euro zone's GDP would expand 0.8% in 2023 and 1.3% in 2024, compared to earlier forecasts of 1.1% and 1.6%

EU Commission cuts euro zone growth forecasts

The euro zone economy will grow slower than previously expected this year and next, the European Commission forecast today as consumer demand suffers from high inflation and the biggest economy, Germany, slips into recession this year.

Business • 11 Sep 23

The euro zone economy grew by just 0.1% in the second quarter of 2023, new figures show

Euro zone economy grew just 0.1% in second quarter

The euro zone economy grew by a mere 0.1% in the second quarter, lower than previously estimated, official data showed today.

Business • 07 Sep 23

HCOB's final Composite Purchasing Managers' Index dropped to 46.7 in August from July's 48.6 - a low not seen since November 2020

Euro zone August downturn deeper than was thought - PMI

The decline in euro zone business activity accelerated faster than initially thought last month as the bloc's dominant services industry fell into contraction.

Business • 05 Sep 23

Sentix's index for the euro zone declined to -21.5 points in September from -18.9 in August, weaker than expectations

Euro zone investor mood darkens in September - survey

Investor morale in the euro zone fell more than expected at the start of September as Germany's economic weakness remained a major drag on the region, a survey showed today.

Business • 04 Sep 23

HCOB's final euro zone manufacturing Purchasing Managers' Index rose to a three-month high of 43.5 in August from July's 42.7

Euro zone factory activity shows signs of recovery: PMI

The downturn in euro zone manufacturing eased last month, suggesting the worst may be over for the bloc's beleaguered factories although demand weakened to its lowest in almost a year, a survey showed today.

Business • 01 Sep 23

The European Commission's monthly economic sentiment survey showed the index falling to 93.3 in August from 93.5 in July

Euro zone economic sentiment weaker than expected

Euro zone economic sentiment was weaker than expected in August, continuing a steady decline since the start of the year and inflation expectations among consumers rose, reversing a four-month falling trend, survey data showed today.

Business • 30 Aug 23

The euro zone's dominant services industry activity fell into decline in August, new figures show today

Euro zone services slide deepens economic gloom - PMI

The downturn in euro zone business activity has deepened far more than thought this month in a broad-based fall across the region, particularly in Germany, Europe's largest economy, a survey showed today.

Business • 23 Aug 23

The euro zone recorded a surplus of €35.8 billion in July after €7.9 billion a month earlier

Euro zone current account surplus surges in June

The euro zone's current account surplus surged in June on higher goods exports and lower imports, European Central Bank data showed today.

Business • 22 Aug 23

European Central Bank economist Professor Philip Lane

Euro zone set for growth over next 'couple' of years

The euro zone economy will keep growing in the coming years and is unlikely to experience a deep or sustained recession, European Central Bank chief economist Philip Lane said today.

Business • 18 Aug 23

The euro zone's GDP was up 0.3% in the second quarter, unchanged on preliminary data

Industrial output jump gives euro zone growth a boost

The euro zone's vast industrial sector rebounded in June, giving overall growth a small boost to end an otherwise weak quarter on a positive note, data from Eurostat showed today.

Business • 16 Aug 23

HCOB's final euro zone manufacturing Purchasing Managers' Index fell to 42.7 in July from June's 43.4, its lowest since May 2020

Euro zone factory July activity sees sharp slowdown

Manufacturing activity across the euro zone contracted in July at the fastest pace since Covid-19 was cementing its grip on the world as demand slumped despite factories cutting their prices sharply, a survey showed today.

Business • 01 Aug 23

Ireland recorded the highest growth increase of 3.3% in the second quarter of 2023 compared to the previous quarter

Ireland posts highest euro zone GDP growth in Q2

Ireland recorded the highest increase in economic growth in the euro zone in the second quarter of this year, new figures from Eurostat show today.

Business • 31 Jul 23

The European Commission's monthly survey showed economic sentiment in the euro zone fell to 94.5 points in July from 95.3 in June

Euro zone sentiment and inflation expectations falling

Euro zone economic sentiment declined for a third consecutive month in July and by more than expected as the mood in industry, services and amongst consumers slipped, while inflation expectations continued to fall, data showed today.

Business • 28 Jul 23

The IMF's latest World Economic Outlook said inflation was coming down and acute stress in the banking sector had receded

IMF raises 2023 global economic growth forecast higher

The International Monetary Fund has raised its 2023 global growth estimates slightly given resilient economic activity in the first quarter, but warned that persistent challenges were dampening the medium-term outlook.

Business • 25 Jul 23

HCOB's flash Composite Purchasing Managers' Index for the euro area dropped to an eight-month low of 48.9 in July from June's 49.9

Euro zone business downturn reignites recession fears

A downturn in euro zone business activity deepened much more than expected in July as demand in the bloc's dominant services industry declined while factory output fell at the fastest pace since Covid-19 first took hold, a survey showed.

Business • 24 Jul 23

The euro zone recorded a surplus of €9.1 billion in May after €3.8 billion a month earlier

Euro zone current account surplus jumps in May

The euro zone's current account surplus rose in May as the surplus on both the trade of goods and services increased, European Central Bank data showed today.

Business • 20 Jul 23

Euro Zone Economy

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

Euro zone July industrial production drops

EU Commission cuts euro zone growth forecasts

Euro zone economy grew just 0.1% in second quarter

Euro zone August downturn deeper than was thought - PMI

Euro zone investor mood darkens in September - survey

Euro zone factory activity shows signs of recovery: PMI

Euro zone economic sentiment weaker than expected

Euro zone services slide deepens economic gloom - PMI

Euro zone current account surplus surges in June

Euro zone set for growth over next 'couple' of years

Industrial output jump gives euro zone growth a boost

Euro zone factory July activity sees sharp slowdown

Ireland posts highest euro zone GDP growth in Q2

Euro zone sentiment and inflation expectations falling

IMF raises 2023 global economic growth forecast higher

Euro zone business downturn reignites recession fears

Euro zone current account surplus jumps in May