Bad news for borrowers: ECB has decided on interest rates
As predicted, the European Central Bank (ECB) decided on Thursday to raise the three main interest rates by 25 basis points (0.25%).
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The eurozone service sector contracted by 0.3% in June, the EU by 0.2%.
The eurozone service sector contracted by 0.3% in June this year compared to May, while across the European Union (EU) it contracted by 0.2%, according to the latest data from the EU statistical office…
Euro area GDP increased by 0.6% in the second quarter, employment by 0.1%.
The gross domestic product (GDP) of the Eurozone in the second quarter of this year increased by 0.6% compared to the previous quarter, while that of the entire European Union (EU) increased by 0.7%. Meanwhile, for…
Retail turnover in the euro area fell the most in over a year in July
Retail turnover in the euro area in July decreased by 0.6% compared to the previous month, although markets had expected a 0.3% increase, Eurostat showed on Friday…
Inflation in the eurozone reached the highest level in three years in August
Due to the war in the Middle East and the continued rise in energy prices, inflation in the eurozone jumped to 3.3% in August, reaching the highest level in three years, showed…
Lending in the eurozone grew fastest in July in three years
Bank lending to euro area households in July increased by 3.1% compared to the same month last year, according to data published by the European Central Bank (ECB) on Thursday.
In August, business activity in the euro area continued to grow
In August, eurozone business activity increased slightly for the second consecutive month, according to data released on Friday. This was mainly influenced by growth in the manufacturing sector,…
Annual inflation in the euro area in July – 2.9%, EU – 3%
In July this year, compared to June, the annual inflation in the euro area accelerated from 2.8 to 2.9 percent, according to the latest data from the European Union (EU) statistical office Eurostat…
Euro area GDP grew by 0.4%, employment by 0.1%, EU – 0.5 and 0.1% respectively.
In the second quarter of this year, compared to the previous quarter, the seasonally adjusted gross domestic product (GDP) of the euro area increased by 0.4%, and employment by 0.1%….
Eurozone international trade in goods surplus – 8.6 billion euros
The euro area’s international trade in goods surplus in June this year reached 8.6 billion euros, compared to 4.8 billion euros a year earlier. In May, a deficit of 9 billion euros was recorded,…