Euro Zone

Euro zone recession risks grow as rate hikes bite-PMI

By Jonathan Cable LONDON, Sept 22 (Reuters) - The euro zone economy is likely contract this quarter and won't return to growth anytime soon, a survey showed, as the dampening…

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Euro zone firms finally absorbing wage pressures -ECB’s Lane

NEW YORK, Sept 21 (Reuters) - Euro zone companies are finally absorbing wage pressures and the labour market has started to soften, European Central Bank chief economist Philip Lane said…

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ECB may need until spring to conclude that no more hikes are needed: Kazimir

FRANKFURT, Sept 18 (Reuters) - The European Central Bank's rate hike on Thursday may have been its last for now but policymakers will need until March to be sure and…

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ECB’s Stournaras urges governments to help bring down inflation

Sept 17 (Reuters) - European Central Bank Governing Council member Yannis Stournaras said governments must do their part in reining in consumer prices after borrowing costs reached a level that…

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Euro zone swings to trade surplus y/y in July

BRUSSELS, Sept 15 (Reuters) - The euro zone swung to an unadjusted 6.5 billion euro trade surplus in July from a 36.3 billion euro deficit a year earlier as costs…

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Euro zone July industrial production drops more than expected

BRUSSELS, Sept 13 (Reuters) - Euro zone industrial production dropped much more than expected in July, data showed on Wednesday, underlining downward revisions of economic growth for this year in…

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ECB’s crucial 2024 projection to put inflation above 3%

By Francesco Canepa FRANKFURT, Sept 12 (Reuters) - The European Central Bank expects inflation in the 20-nation euro zone to remain above 3% next year, bolstering the case for a…

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Euro zone Q2 employment revised to +1.3% y/y

Sept 7 (Reuters) - Euro zone employment rose by 0.2% quarter-on-quarter and rose by 1.3% year-on-year in the second quarter, the European Union statistics office said on Thursday, confirming its…

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Euro zone retail sales dip as auto fuel purchases fall in July

BRUSSELS, Sept 6 (Reuters) - Retail sales in the euro zone declined in July, though only due to reduced automotive fuel purchases, while June registered an increase rather than the…

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Euro zone August factory activity showed signs of recovery -PMI

LONDON, Sept 1 (Reuters) - 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…

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Stubborn euro zone inflation fails to settle ECB rate debate

By Balazs Koranyi FRANKFURT, Aug 31 (Reuters) - Euro zone inflation proved unexpectedly stubborn this month although price pressures for underlying goods eased, providing ammunition for both supporters and opponents…

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Euro zone economic sentiment deteriorates in August

BRUSSELS, Aug 30 (Reuters) - 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…

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Euro zone June retail sales fall 1.4% y/y

Aug 4 (Reuters) - The European Union's statistics office Eurostat released the following data on retail sales in the euro zone in June. Volume of retail trade % change compared…

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ECB says underlying inflation has peaked in good omen for future

FRANKFURT, Aug 4 (Reuters) - Underlying inflation in the euro zone has probably peaked, pointing to slower growth in other prices too, the European Central Bank said on Friday. The…

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Euro zone inflation falls further in comforting sign for ECB

FRANKFURT, July 31 (Reuters) - Euro zone inflation fell further in July and most measures of underlying price growth also eased, in a largely comforting sign for the European Central…

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Euro zone pulls out of dip with higher growth than expected

BRUSSELS, July 31 (Reuters) - The euro zone returned to growth in the second quarter of 2023, with a greater than expected expansion after narrowly avoiding a technical recession around…

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Euro zone firms see stagnating activity ahead: ECB survey

FRANKFURT, (Reuters) - Big euro zone firms are recording stagnating activity levels and see no improvement in the current quarter with risks tilted towards even more negative outcomes, the European…

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ECB contemplates end of rate hikes as outlook worsens

Stournaras and Kazimir see end of hikes Differ on whether one more is needed No rate cut seen for several months Surveys point to worsening outlook Inflation, GDP data provides…

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ECB survey points to stickier underlying inflation

FRANKFURT, July 28 (Reuters) - Core inflation in the euro zone will come down more slowly than previously thought as wage growth is seen picking up in a tight labour…

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Euro zone ministers agree on gradual wind-down of spending

BRUSSELS (Reuters) - Euro zone finance ministers agreed that the single currency area needed a "determined, gradual and realistic" reduction of government spending to boost economic growth and prepare for…

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Euro zone almost eliminates trade deficit in May

BRUSSELS, July 14 (Reuters) - The euro zone almost eliminated its trade deficit in May, non-adjusted data showed on Friday, as exports of chemicals and machinery picked up and the…

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Euro zone factory downturn deepened in June as ECB hikes bite-PMI

LONDON, July 3 (Reuters) - Euro zone manufacturing activity contracted faster than initially thought in June as persistent policy tightening by the European Central Bank squeezed finances, according to a…

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Euro zone inflation falls again in June as energy prices tumble

FRANKFURT, June 30 (Reuters) - Inflation in the euro zone fell for a third straight month in June as the cost of fuel tumbled and increases in food prices slowed,…

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Euro zone profits still bigger factor in inflation than wages: ECB

June 29 (Reuters) - A key measure of corporate profitability in the euro zone rose to a record high last quarter, keeping up pressure on inflation as the long-awaited drop…

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Europe’s financial stability risk remains ‘severe’ -EU watchdog

June 29 (Reuters) - Financial stability risk in the European Union remains at a "severe" level and the downturn in the housing market could become even more broad-based, the bloc's…

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Euro zone should tighten fiscal policy in 2024 to curb inflation -EFB

By Jan Strupczewski BRUSSELS, June 28 (Reuters) - Euro zone governments should tighten fiscal policy next year more than currently planned to help the European Central Bank fight inflation and…

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Euro zone lending takes another hit in May

June 28 (Reuters) - Euro zone bank lending slowed further in May, dragged down by higher interest rates and a recession in the bloc's vast manufacturing sector, European Central Bank…

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Sharp slowdown in growth of bank lending for euro zone and Germany forecast

FRANKFURT, June 26 (Reuters) - High interest rates will keep a lid on the pace of bank lending in Europe this year and next, with a particular slowdown in growth…

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ECB’s De Cos sees another rate hike in July, no certainty aftewards

MADRID, June 22 (Reuters) - The European Central Bank will need to raise interest rates further in July to combat inflation but the path afterwards remains unclear, ECB policymaker Pablo…

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Euro zone needs still higher ECB rates, tighter fiscal policy -IMF

By Jan Strupczewski BRUSSELS (Reuters) - The European Central Bank should continue to raise rates to bring down inflation and euro zone governments should slash budget deficits to help it,…

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J.P. Morgan now forecasts 4% peak for key ECB rate

(Reuters) - J.P.Morgan said it expected the European Central Bank to hike interest rates by another 25 basis points in September, taking its terminal rate forecast to 4% after the…

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Euro zone May inflation confirmed at 6.1% yr/yr, core eases

BRUSSELS, June 16 (Reuters) - Euro zone consumer inflation sharply decelerated in May, the European Union's statistics office confirmed on Friday, with the core price growth measure, watched closely by…

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Global banks raise forecast to 4% peak for key ECB rate

June 16 (Reuters) - Major global investment banks lifted their terminal rate forecast for the European Central Bank to 4% in September, after the ECB raised borrowing costs and indicated…

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UPDATED: Euro zone slips into recession after Germany, Ireland revisions

20-nation euro zone Q1 and Q4/2022 GDP both cut to -0.1% German, Ireland Q1 figures revised down Employment growth accelerates to 0.6% in Q1 By Philip Blenkinsop BRUSSELS, June 8…

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Eurozone investor mood darkens due to ‘problem child’ Germany, survey finds

BERLIN, June 5 (Reuters) - Investors got more gloomy on prospects for the euro zone economy in June, dragged down by negative expectations for Germany, Europe's biggest economy, a survey…

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Euro zone producer prices down for seventh month in April

BRUSSELS, June 5 (Reuters) - Euro zone producer prices fell for a seventh consecutive month in April, data showed on Monday, almost entirely due to declining energy prices. The European…

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Euro zone business growth slowed in May as factories struggled-PMI

LONDON, June 5 (Reuters) - Euro zone business activity was shored up last month by the bloc's dominant services industry offsetting a deepening decline in the manufacturing sector, according to…

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Euro zone inflation drops more than expected in relief for ECB

By Balazs Koranyi FRANKFURT, June 1 (Reuters) - Euro zone inflation eased more than expected last month as underlying price growth also slowed, backing arguments for only cautious further rate…

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ECB nearing end of tightening cycle but final stretch remains, De Guindos says

MADRID, June 1 (Reuters) - The European Central Bank (ECB) has gone through most of its monetary policy tightening to bring inflation back to its medium-term target of 2%, though…

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Euro zone factory downturn deepens in May despite price cuts

LONDON, June 1 (Reuters) - 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…

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Home prices may slump in euro zone as rates rise, ECB says

FRANKFURT, May 31 (Reuters) - Home prices in the euro zone may be headed for a "disorderly" decline as high mortgage rates make purchases unaffordable for households and unattractive for…

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Euro zone inflation ticks up in April

FRANKFURT, May 17 (Reuters) - Euro zone inflation accelerated last month, Eurostat said on Wednesday, confirming preliminary data pointing to increasingly stubborn price growth among the 20 nations sharing the…

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Euro zone consumers raise inflation expectations – ECB survey

FRANKFURT, May 11 (Reuters) - Euro zone consumers raised their inflation expectations in March, even as the rate of price growth fell and the European Central Bank kept raising interest…

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Euro zone investor morale unexpectedly dips in May

BERLIN, May 8 (Reuters) - Investor morale in the euro zone took a surprising dip in May, with stubborn inflation and energy concerns upending expectations of a spring recovery, a…

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Euro zone retail sales fall more than expected in March

FRANKFURT, May 5 (Reuters) - Retail sales in the euro zone fell more than expected in March, Eurostat said on Friday, as rapid inflation and rising interest rates ate deep…

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Euro zone inflation could hold above target -ECB survey

FRANKFURT, May 5 (Reuters) - Euro zone inflation could be lower in the coming years than previously expected but may stay above the European Central Bank's 2% target further out,…

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Euro zone companies are slowing price hikes – ECB poll

FRANKFURT, May 5 (Reuters) - Euro zone companies are raising prices at a more moderate pace as their costs stabilise, demand cools and competition mounts, although growing wages remain a…

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Euro zone April business activity grows on strong services demand – PMI

By Indradip Ghosh BENGALURU, May 4 (Reuters) - Growth in euro zone business activity sped up in April, though less than initially indicated, as robust services more than offset a…

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ECB says 16 euro zone banks fall short of climate demands, may face penalties

15% of banks fail to disclose enough information ECB can name, fine banks that don't comply Capital requirements can be increased too Banks must make first disclosure by June FRANKFURT,…

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Euro zone recovery unexpectedly gathering pace in April -PMI

April 21 (Reuters) - 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…

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Germany, Italy push euro zone into trade surplus in Feb

BRUSSELS, April 20 (Reuters) - The euro zone swung to a trade surplus in February from a deficit a year earlier, non-adjusted data showed on Thursday, mainly thanks to a…

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Euro zone current account surplus widens in February

FRANKFURT, April 19 (Reuters) - 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…

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Core euro zone inflation edges up in March, keeping ECB on alert

Headline annualised consumer inflation eases to 6.9% Edges up to 7.5% minus unprocessed food and fuel ECB tipped to hike rates by either 25 or 50 bps in May By…

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Euro zone industrial output stronger than expected in February

BRUSSELS, April 13 (Reuters) - Euro zone industrial output was stronger than expected in February, data showed on Thursday, mainly thanks to a rise in production of capital and non-durable…

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Euro zone food inflation still intensifying: ECB’s Lane

NICOSIA, April 5 (Reuters) - Food inflation is still intensifying in Europe and may be the key driver of price growth now, European Central Bank chief economist Philip Lane said.…

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Euro zone recovery gathered pace in March on demand for services -PMI

LONDON, April 5 (Reuters) - 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…

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Euro zone factory downturn deepened in March -PMI

LONDON, April 3 (Reuters) - 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…

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