Euro Zone

Euro zone Q3 labour costs rise 2.9% yr/yr

Dec 19 (Reuters) - The EU statistics agency released the following data on Monday for hourly labour costs and wages in the euro zone and the European Union in the…

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Euro zone banks must keep down stock of bad loans in downturn, ECB says

NICOSIA, Dec 9 (Reuters) - Euro zone banks are relatively healthy at the start of the economic downturn and a key priority will be to keep down the stock of…

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Euro zone producer prices fall more than expected m/m in Oct

BRUSSELS, Dec 2 (Reuters) - Euro zone producer prices fell more than expected month-on-month in October and decelerated sharply year-on-year, underlining economists' expectations that inflation may have peaked. The European…

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Euro zone recession not a foregone conclusion, ECB’s Knot says

FRANKFURT, Nov 28 (Reuters) - Euro zone economic growth may turn negative this quarter but a recession is not a given since some economic data, particularly in Germany, have surprised…

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ECB’s Lane plays down wage, core inflation fears

FRANKFURT, Nov 25 (Reuters) - Euro zone wage growth could keep pushing up inflation for years but this does not signal a permanent shift in wage dynamics and current indicators…

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Euro zone Oct y/y inflation revised marginally lower, still record high

BRUSSELS, Nov 17 (Reuters) - Euro zone inflation in October was marginally lower than previously reported in year-on-year terms but still at a record high because of surging energy prices,…

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Euro zone financial stability risks on the rise, ECB warns

FRANKFURT, Nov 16 (Reuters) - Risks to the euro zone's financial stability are on the rise as the economy heads for a likely recession, the European Central Bank said on…

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Euro zone Sept industrial output much stronger than expected

BRUSSELS, Nov 14 (Reuters) - Euro zone industrial production rose much more than expected in September, and the output for August was revised upwards too, data showed on Monday, helping…

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European Commission revises up 2022 euro zone growth forecast, sees bigger slowdown in 2023

BRUSSELS, Nov 11 (Reuters) - The euro zone economy will grow more than previously expected in 2022, the forecast on Friday, and decelerate more than previously thought in 2023, but…

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Euro zone downturn deepens, points to winter recession

LONDON, Nov 4 (Reuters) - The downturn in the euro zone economy has deepened as high inflation and fears of an intensifying energy crisis hit demand, adding to evidence the…

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Euro zone producer prices rise slightly less than expected in Sept

BRUSSELS, Nov 4 (Reuters) - Euro zone producer prices rose slightly less than expected in September thanks to some deceleration of energy costs, but were still 41.9% higher than a…

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Euro zone unemployment ticks down as expected in September

BRUSSELS, Nov 3 (Reuters) - Euro zone unemployment eased as expected in September, data showed on Thursday, just as the bloc is expected to slide into a recession in the…

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Euro zone factory downturn deepened in Oct as demand slumped

LONDON, Nov 2 (Reuters) - The decline in euro zone manufacturing activity was sharper than initially estimated last month, indicating that the sector is in recession, as the cost of…

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Bank of Italy’s Visco says euro zone rates need to rise further

ROME, Oct 31 (Reuters) - Interest rates in the euro zone will need to rise further in order to help reduce the risk of persistent high inflation, Bank of Italy…

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Euro zone inflation soars past forecasts to new record high

FRANKFURT, Oct 31 (Reuters) - Euro zone inflation surged past expectations yet again this month to hit a record high, pointing to further interest rate hikes from the European Central…

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Euro zone sentiment drops to two-year low in October

BRUSSELS, Oct 28 (Reuters) - Euro zone sentiment fell to a two-year low in October, data showed on Friday, as confidence in industry and services declined, but there was slight…

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Recession risk looms large over euro zone, ECB policymaker says

VILNIUS, Oct 28 (Reuters) - The likelihood of a euro zone recession is rising but the European Central Bank needs to keep raising interest rates as inflation remains high and…

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Bulgarian parliament backs call to speed up work on euro zone entry

SOFIA, Oct 28 (Reuters) - Bulgaria's caretaker government needs to speed up talks with European Union institutions to ensure that the country does not miss its target date of January…

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Euro zone credit growth rises again, despite gloomy outlook

FRANKFURT, Oct 26 (Reuters) - Bank lending to euro zone companies accelerated further in September, extending the sector's biggest borrowing binge in over a decade, despite rising interest rates and…

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Euro zone’s current account deficit widens on soaring energy bill

FRANKFURT, Oct 20 (Reuters) - The euro zone's current account deficit widened in August as soaring energy costs pushed up the bloc's import bill, data from the European Central Bank…

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Euro zone September inflation revised down slightly, still at record high

BRUSSELS, Oct 19 (Reuters) - Euro zone consumer inflation was marginally lower in September than estimated earlier, data showed on Wednesday, but still at a record high, underlining market expectations…

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Euro zone posts record trade deficit in August amid soaring energy prices

BRUSSELS, Oct 14 (Reuters) - The euro zone posted in August its largest trade deficit since it expanded to 19 countries in 2015, as high energy prices boosted its import…

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Euro zone industry output rose in August much faster than expected

BRUSSELS, Oct 12 (Reuters) - Euro zone industrial production soared in August far beyond expectations as manufacturers boosted investment despite fears of an upcoming recession, official estimates showed on Wednesday.…

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Euro zone investor morale drops for third month – Sentix

BERLIN, Oct 10 (Reuters) - Investor morale in the euro zone slid for the third consecutive month in October to its lowest level since May 2020 signalling a deep recession…

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Euro zone demand surge playing increasing role in excessive inflation: ECB

FRANKFURT, Oct 7 (Reuters) - Surging consumer demand across the euro zone is playing an increasing role in excessive inflation, a European Central Bank study showed on Friday, suggesting that…

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Euro zone retail sales fall as expected in August

BRUSSELS, Oct 6 (Reuters) - Euro zone retail sales fell in August, data showed on Thursday, pointing to a weakness in consumer demand and underlining expectations of an approaching recession.…

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UPDATED: Euro zone unlikely to avoid recession as downturn deepens -PMI

LONDON, Oct 5 (Reuters) - The drop in euro zone business activity deepened last month, a survey showed,probably extinguishing any hope the currency union would avoid recession just as elevated…

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A eurozone recession is looming

Europe is sliding into recession as persistently high inflation and economic uncertainty stifle spending and energy blackouts loom. On Thursday, a key indicator showed business and consumer confidence in the EU and…

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Euro zone unemployment unchanged at record low of 6.6%

BRUSSELS, Sept 30 (Reuters) - Euro zone unemployment was unchanged at a record low of 6.6% of the workforce in August, the European Union's statistics office Eurostat said on Friday,…

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Euro zone inflation hits record high 10%, raising pressure on ECB

FRANKFURT, Sept 30 (Reuters) - Euro zone inflation zoomed past forecasts to hit a fresh record high this month, reinforcing expectations for another jumbo interest rate hike from the European…

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Euro zone economic sentiment falls sharply as inflation expectations rise

BRUSSELS, Sept 29 (Reuters) - Euro zone economic sentiment fell sharply and by more than expected in September, data showed on Thursday, as confidence dropped among companies and consumers, who…

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Some euro zone countries need to beef up financial sector, ECB’s VP says

FRANKFURT, Sept 29 (Reuters) - Some euro zone countries need to beef up their financial sector as their vulnerabilities are likely to be magnified by the imminent downturn of the…

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Banks in the euro zone will have to raise provisions to cope with economic slowdown

MADRID, Sept 26 (Reuters) - Banks in the euro zone will have to raise provisions to cope with the consequences of the economic slowdown due to the fallout from Russia's…

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Euro zone likely entering recession as price rises hit demand -PMI

LONDON, Sept 23 (Reuters) - A downturn in business activity across the euro zone deepened in September, according to a survey which showed the economy was likely entering a recession…

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Recession alone won’t subdue euro zone inflation – ECB’s de Guindos

COLOGNE, Germany, Sept 21 (Reuters) - The euro zone may suffer a recession over the winter as risks to the growth outlook are intensifying, but even that is not enough…

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Euro zone slowdown not enough to control inflation, ECB’s de Guindos says

FRANKFURT, Sept 16 (Reuters) - The euro zone's economic slowdown - or possibly recession - will not be enough to control inflation, and the European Central Bank will have to…

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Euro zone wage costs rise at second highest recorded rate

BRUSSELS, Sept 15 (Reuters) - Wages and salaries in the euro zone rose at the second highest recorded rate in the April-June period, confirming that spiralling inflation is leading to…

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EU eyes individual debt reduction paths for EU countries

PRAGUE, Sept 10 (Reuters) - The European Commission will present in the second half of October proposed changes to European Union fiscal rules that are likely to offer countries individual…

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Key elements of European Union budget rules

BRUSSELS (Reuters) - The European Union is discussing how to adjust euro zone rules that govern national budgets to match a post-pandemic reality of high public debt and a move…

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Euro zone to coordinate fiscal, monetary policy to fight inflation

PRAGUE, (Reuters) - Euro zone finance ministers agreed on Friday to act together to protect households and companies from soaring energy prices, coordinating their support policies with the European Central…

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Euro zone Q2 growth revised up, supported by household spending

BRUSSELS, Sept 7 (Reuters) - Euro zone economic growth was stronger than previously estimated in the second quarter, data showed on Wednesday, as household spending recovered after half of year…

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Euro zone July retail sales rise, but weaker than expected

BRUSSELS, Sept 5 (Reuters) - Euro zone retail sales rose in July, but by less than expected because of a continued slump in demand for non-food products, data form the…

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Gloominess pervades euro zone investor morale, expectations – Sentix

BERLIN, Sept 5 (Reuters) - Investor morale in the euro zone slumped in September to its lowest since May 2020 as the spectre of a rough recession for the 19-country…

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Euro zone business activity contracted again in August -PMI

LONDON, Sept 5 (Reuters) - Euro zone business activity contracted for a second month in August as demand sank, with customers wary of the deepening cost of living crisis and…

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Euro zone economy faces growing risk of recession, survey shows

LONDON, Sept 1 (Reuters) - Manufacturing activity across the euro zone declined again last month as consumers feeling the pinch from a deepening cost of living crisis cut spending, a…

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Euro zone unemployment steady at record lows in July as expected

BRUSSELS, Sept 1 (Reuters) - Euro zone unemployment was unchanged at record lows of 6.6% of the workforce in July, the European Union's statistics office Eurostat said on Thursday, matching…

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Euro zone inflation hits yet another record high in August

FRANKFURT, Aug 31 (Reuters) - Euro zone inflation rose to another record high this month, beating expectations and solidifying the case for further big European Central Bank rate hikes even…

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Euro zone Q2 growth revised down slightly, employment rises

BRUSSELS, Aug 17 (Reuters) - Euro zone economic growth was slightly less robust in the second quarter than forecast but still strong, and employment rose again, revised data from the…

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Eurozone June production grows three times more than expected

BRUSSELS, Aug 12 (Reuters) - Euro zone industrial production in June grew three times more than expected, data showed on Friday, mainly thanks to a jump in the output of…

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Euro zone consumers brace for recession and high inflation – ECB survey

FRANKFURT, Aug 4 (Reuters) - Consumers in the euro zone are bracing for the economy to shrink and for high inflation to continue eating into their income in the next year, a…

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UPDATED: Slowdown beckons as euro zone retail sales drop more than expected

BRUSSELS, Aug 3 (Reuters) - Euro zone retail sales plunged in June and factory gate prices continued to rise, data showed on Wednesday, adding to fears the 19-country single currency zone is heading for recession.…

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Euro zone factory activity contracted in July as recession fears grow

LONDON, Aug 1 (Reuters) - Manufacturing activity across the euro zone contracted last month with factories forced to stockpile unsold goods due to weak demand, a survey showed on Monday, adding to…

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Euro zone inflation hits yet another record high after big jump

FRANKFURT, July 29 (Reuters) - Euro zone inflation rose to another record high in July and its peak could still be months away, keeping pressure on the European Central Bank to opt…

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Euro zone business activity contracted in July as price rises bite -PMI

LONDON, July 22 (Reuters) - Euro zone business activity unexpectedly contracted this month due to an accelerating downturn in manufacturing and a near-stalling of service sector growth as burgeoning costs…

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UPDATED: ECB to be determined in using anti-fragmentation tool – Villeroy

PARIS, July 22 (Reuters) - The European Central Bank will be determined in using its new bond-buying scheme to combat financial fragmentation between euro zone countries if it needs to…

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UPDATED: EU cuts euro zone growth forecasts, revises up inflation outlook

BRUSSELS, July 14 (Reuters) - The European Commission cut its forecasts for economic growth in the euro zone for this year and next and revised up its estimates for inflation on Thursday…

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Euro zone industrial output rises beyond expectations in May

BRUSSELS, July 13 (Reuters) - Euro zone industrial production increased by more than expected in May as output of capital and non-durable consumer goods picked up sharply during the month,…

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