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Euro zone GDP jumps 12.7% in the three months from July to September - better than expected

Euro zone GDP jumps more than expected in Q3

The euro zone economy rebounded much more strongly than expected in the third quarter after the pandemic-induced slump in the previous three months, EU statistics office preliminary data showed.

Business • 30 Oct 20

Euro zone gross domestic product fell by 11.8% in the second quarter from the previous quarter

Euro zone GDP revised up, but still a record drop

The euro zone economy declined by slightly less than initially estimated in the second quarter, but the drop was still the sharpest ever as consumer spending caved in due to Covid-19 restrictions.

Business • 08 Sep 20

Revolut has more than one million customers in Ireland

Revolut offers instant euro-area bank transfers

Revolut's Irish customers can now send money in seconds to banks and financial institutions across Europe using new instant payment technology.

Business • 19 Aug 20

Borrowing costs in Europe have tracked U.S. Treasuries this week.

Euro zone government bonds sell off for fourth day

Euro zone government bond yields rose on Friday, after three consecutive days of selling-off, with the benchmark German 10-year Bund yield having briefly touched a six-week high in early London trading.

Business • 14 Aug 20

The month-on-month increase was lower than economists had forecast.

Euro zone industry output rebound disappoints

Euro zone industrial production rose in June, according to official data.

Business • 12 Aug 20

Euro zone business activity returns to modest growth

Euro zone business activity returned to modest growth in July, according to the final Composite Purchasing Managers' Index from IHS Markit.

Business • 05 Aug 20

Gross domestic product in the 19-country euro zone shrank by 12.1% from the previous quarter

Euro zone economy posts record slump, inflation rises

The euro zone's economy recorded its deepest contraction on record in the second quarter, preliminary estimates showed today, while the bloc's inflation unexpectedly moved higher in July.

Business • 31 Jul 20

Bulgaria, Croatia take vital step to joining euro

Bulgaria and Croatia have been accepted into ERM-2 mechanism, a mandatory stage for joining the euro and beginning the currency bloc's first expansion in half a decade, the European Central Bank has said.

Business • 13 Jul 20

The ECB's biennial Convergence Report was published today

No prospective euro member meets accession criteria

None of the countries now looking to join the euro meet all the accession criteria and some may be diverging from the long-set rules of euro membership, the European Central Bank said in a report on prospective members.

Business • 10 Jun 20

The euro zone's GDP fell by 3.6% in the first quarter of the year

Household spending plunge pulls down Q1 euro zone GDP

A plunge in household spending and investment pulled down euro zone gross domestic product in the first quarter as the Covid-19 pandemic struck.

Business • 09 Jun 20

The euro zone recorded a current account surplus of €339 billion in the 12 months to February

Euro zone's trade surplus grows in February

The euro zone's trade surplus with the rest of the world grew in February, with a decline in imports from China as well as sharply lower energy needs because of mild winter weather.

Business • 20 Apr 20

Finance ministers will start debating options to support euro zone economies during the Covid-19 crisis this week

Explainer - Euro zone options for economic support

Euro zone officials have two weeks to come up with a way to support the economy during the coronavirus epidemic that satisfies members with completely opposing views - those calling for joint debt issuance and those fiercely against it.

Business • 31 Mar 20

Hoping to stop the spread of economic gloom, the ECB has thrown further stimulus at the bloc's economy

Euro zone business lending still weak amid slowdown

Lending to euro zone companies held at a two-year low last month despite lending to households hitting yet another post-crisis high, European Central Bank data showed today.

Business • 27 Feb 20

Euro zone industrial production fell 2.1% month-on-month in December, new figures show

Euro zone industrial output tumbles more than expected

Euro zone manufacturing output plunged more than expected in December ending a weak quarter for the single currency area, official estimates showed today.

Business • 12 Feb 20

Euro zone GDP rose by 0.2% in the three months from July to September

Euro zone growth curbed by trade and retail sales

The euro zone economy grew at a modest pace in the third quarter with a negative impact from trade, while retail sales fell at their sharpest rate this year in October, data showed today.

Business • 05 Dec 19

Consumer prices in the euro zone rose by 1% in October, new Eurostat figures show

Euro zone inflation accelerates more than expected

Euro zone consumer prices grew faster than expected in November, an official estimate showed today, pushed up by a jump in food and services prices despite a slump in energy costs.

Business • 29 Nov 19

Euro zone inflation was confirmed at 0.7% on the year in October, new Eurostat figures show

Euro zone inflation confirmed as slowing to 0.7%

Euro zone's headline inflation slowed in October, the European Union statistics office said today as it confirmed its earlier estimate, with energy prices falling markedly.

Business • 15 Nov 19

Eurostat said that euro zone GDP rose by 0.2% quarter-on-quarter in the third quarter for a 1.2% year-on-year gain

Euro zone economy continues steady growth in Q3

The euro zone economy continued to grow at a modest pace in the third quarter as expected, data from the EU statistics office showed today, as Germany narrowly escaped a technical recession and other big economies expanded.

Business • 14 Nov 19

GDP in Europe's largest economy expanded by 0.5% in the three months from July to September

German economy dodges recession with 0.1% Q3 expansion

The German economy escaped a recession in the third quarter as strong consumer spending helped output grow 0.1% quarter-on-quarter, defying expectations of a contraction, preliminary data showed today.

Business • 14 Nov 19

Euro zone retail sales, which rose by 3.1% on an annual basis, are a proxy for domestic demand

Euro zone retail sales pick up in September

Euro zone retail sales accelerated more than expected year-on-year in September, data from the European Union's statistics office showed today, pointing to sustained domestic demand in Europe.

Business • 06 Nov 19

The Sentix research group said its investor sentiment index for the euro zone rose to -4.5 in November from -16.8 in October

Euro zone investor morale rebounds in November

Morale among investors in the euro zone jumped in November to its highest level since June on signs of an economic upswing in Asia and resilience in the US economy, a new survey showed today.

Business • 04 Nov 19

Gross domestic product in the euro zone grew 0.2% in the three months from July to September

Euro zone Q3 growth unexpectedly steady

Euro zone economic growth in the third quarter defied market expectations of a slowdown and was steady quarter-on-quarter, preliminary data showed today.

Business • 31 Oct 19

Eurostat said consumer prices in the euro zone grew by 0.8% on the year, down from its earlier estimated of 0.9%

Euro zone inflation unexpectedly revised down to 0.8%

Euro zone inflation slowed in September by more than previously estimated to its lowest pace in nearly three years, the European Union statistics agency said today.

Business • 16 Oct 19

German industrial output rose 0.3% on the month, new figures show today

Surprise output rise means Germany may skirt recession

German industrial output rose unexpectedly in August but analysts said the small pickup did not signal the end of a long manufacturing contraction that risks tipping Europe's biggest economy into recession

Business • 08 Oct 19

The Sentix research group said its investor sentiment index dropped to -16.8 in October from -11.1 in September

Euro zone investor morale at lowest level in 6.5 years

Morale among investors in the euro zone dropped in October to its lowest level in more than six years as stimulus measures taken by central banks failed to allay recession fears, a survey showed today.

Business • 07 Oct 19

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