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Sentix's index for the euro zone tumbled to -22.5 points in July from -17 in June

Eurozone investor mood falls more than expected in July

Investor morale in the euro zone sank more than expected in July, hitting a low not seen since Europe's energy crisis last November, as the currency union remains in recession mode with no indications things will improve, a survey showed today.

Business • 10 Jul 23

HCOB's final Composite Purchasing Managers' Index, compiled by S&P Global and seen as a good gauge of overall economic health, slumped to 49.9 in June from May's 52.8

Euro zone business activity contracts in June - PMI

Euro zone business activity slipped into contractionary territory last month in a broad-based downturn across the bloc's dominant services industry and a deepening decline of factory output, a survey showed.

Business • 05 Jul 23

HCOB's final manufacturing Purchasing Managers' Index for the euro zone fell to 43.4 in June from May's 44.8.

Euro zone factory downturn deepened in June

Euro zone manufacturing activity contracted faster than initially thought in June as persistent policy tightening by the European Central Bank squeezed finances.

Business • 03 Jul 23

Euro area GDP growth fell by 0.1% in the first three months of 2023 after a decrease of 0.1% in the last quarter of 2022

Euro area falls into technical recession in Q1

The euro area fell into a technical recession in the first quarter of this year, according to figures from Eurostat.

Business • 08 Jun 23

HCOB's final manufacturing Purchasing Managers' Index for the euro zone fell to 44.8 in May from April's 45.8

Euro zone factory downturn deepens despite price cuts

The downturn in euro zone manufacturing activity deepened in May as demand slumped despite factories cutting prices for the first time since September 2020, according to a survey which painted a gloomy outlook.

Business • 01 Jun 23

HCOB's flash Composite Purchasing Managers' Index (PMI) for the euro zone fell to 53.3 in May from April's 54.1

Euro zone business growth solid in May - PMI

Euro zone business growth remained resilient but slowed slightly more than thought this month as the bloc's dominant services industry lost a little of its shine and the downturn in the manufacturing sector deepened, a survey showed today.

Business • 23 May 23

Adjusted for seasonal swings, the euro zoe's March trade surplus was €17 billion, up from a €200m deficit the month before

Euro zone Q1 GDP growth confirmed at 0.1%

Euro zone economic growth was 0.1% quarter-on-quarter in the first three months of the year, the EU's statistics agency confirmed today, with rising employment and a sharp increase in exports that boosted the euro zone trade surplus.

Business • 16 May 23

Inflation will remain stubbornly high, the European Commission has forecast today

European Commission sees 'solid' Irish economic growth

Ireland's economy is projected to remain on a solid growth path with GDP growth of 5.5% expected in 2023 and 5% expected in 2024, according to the European Commission's Spring 2023 Economic Forecast, which was published today.

Business • 15 May 23

Retail sales volumes in the euro zone fell by 1.2% in March from the previous month

Euro zone retail sales fall more than expected in March

Retail sales in the euro zone fell more than expected in March, Eurostat said today, as rapid inflation and rising interest rates ate deep into disposable incomes to limit households' purchasing power.

Business • 05 May 23

The HCOB Composite Purchasing Managers' Index climbed to an 11-month high of 54.1, below a preliminary reading of 54.4 but up from 53.7 in March

Euro zone April business activity grows - PMI

Growth in euro zone business activity sped up in April, though less than initially indicated, as robust services more than offset a downturn in manufacturing, according to a survey that also showed inflation was at its lowest in over two years.

Business • 04 May 23

New figures today show that the euro zone unemployment rate fell to 6.5% in March

Euro zone unemployment falls to 6.5% in March

The euro zone unemployment rate fell to 6.5% in March, the European Union's statistics office Eurostat said today.

Business • 03 May 23

The HCOB final manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 45.8 in April from March's 47.3

Euro zone factory downturn deepened in April - PMI

Euro zone factory activity contracted further last month, albeit not by as much as initially thought, while the cost of raw materials fell at the fastest pace in nearly three years, a survey showed today.

Business • 02 May 23

GDP in the euro zone expanded by 0.1% in the first quarter, ew figures show

Euro zone economy grows marginally at start of 2023

The euro zone grew only marginally in the first three months of 2023 and at a rate lower than market expectations after stagnation at the end of last year, preliminary data showed today.

Business • 28 Apr 23

The flash Composite Purchasing Managers' Index jumped to an 11-month high of 54.4 in April from March's 53.7

Euro zone recovery unexpectedly gathering pace in April

The euro zone economic recovery has unexpectedly gathered pace this month as the bloc's dominant services industry saw already buoyant demand rise, more than offsetting a deepening downturn in manufacturing.

Business • 21 Apr 23

the euro zone's current account surplus increased to €24.32 billion in February from €18.63 billion a month earlier

Euro zone current account surplus widens in February

The euro zone's current account surplus widened in February as imports fell thanks lower energy costs and already large net exports of services remained broadly steady, data from the European Central Bank showed today.

Business • 19 Apr 23

S&P Global's Composite Purchasing Managers' Index (PMI) is seen as a good gauge of overall economic health

Euro zone recovery gathered pace on demand for services

The euro zone recovery picked up pace last month but the upturn was uneven across industries and countries, according to a survey which showed price pressures remained elevated in the region.

Business • 05 Apr 23

S&P Global's final manufacturing Purchasing Managers' Index (PMI) for the euro zone fell to 47.3 in March from February's 48.5

Euro zone factory downturn deepened in March - PMI

Activity at struggling factories across the euro zone fell further last month as consumers feeling the pinch from rising living costs cut back, according to a survey which did show the cost of manufacturing fell for the first time since mid-2020.

Business • 03 Apr 23

S&P Global's flash Composite Purchasing Managers' Index, seen as a good gauge of overall economic health, bounced to a 10-month high of 54.1 in March from February's reading of 52

Euro zone services firms report buoyant March

Business activity across the euro zone unexpectedly accelerated this month as consumers splashed out on services, but weakening demand for manufactured goods deepened the downturn in the factory sector, a survey showed.

Business • 24 Mar 23

New Eurostat figures show flat GDP growth in the euro zone in the last quarter of 2022

Euro zone growth flat in fourth quarter of 2022

GDP growth in the euro area was flat in the last three months of last year compared to the previous three months, according to figures published by Eurostat.

Business • 08 Mar 23

Euro zone factory output increased for the first time since May as supply chains continued to heal

Euro zone factory output returned to growth in February

Overall activity in the euro zone's manufacturing sector contracted again in February but output increased for the first time since May as supply chains continued to heal, a survey showed today.

Business • 01 Mar 23

S&P Global's flash Composite Purchasing Managers' Index climbed to 52.3 in February from January's 50.3

Euro zone business growth at nine-month high

Buoyant services growth meant the recovery in euro zone business activity gathered steam this month, expanding much faster than thought, according to a survey providing the latest evidence the currency union could escape a recession.

Business • 21 Feb 23

The European Commission now predicts the economy here will grow in GDP terms by 4.9%, compared to its Autumn forecast of 3.2%

European Commission raises Irish, euro growth forecasts

The European Commission has revised upwards its forecasts for economic growth this year in Ireland.

Business • 13 Feb 23

German consumer prices accelerated by 8.7% year-on-year in January, up from 8.6% in December

German inflation edges higher in January

German inflation picked up slightly in January, preliminary data showed today, as the impact of a one-off energy subsidy the month before wore off.

Business • 09 Feb 23

S&P Global's Composite Purchasing Managers' Index climbed to a seven-month high of 50.3 last month from 49.3 in December

Euro zone business activity returns to growth - PMI

Business activity in the euro zone bounced back to growth in January, according to a survey which suggested the bloc's economy might again escape a contraction this quarter and that the upturn may accelerate.

Business • 03 Feb 23

S&P Global's final manufacturing Purchasing Managers' Index for the euro zone climbed to a five-month high of 48.8 in January from December's 47.8

Euro zone factories are likely over the worst - PMI

The downturn in euro zone manufacturing activity eased again last month suggesting the worst may be over, according to a survey which showed price pressures slackened and the fall in demand moderated, driving a surge in optimism.

Business • 01 Feb 23

Euro Zone Economy