Euro Zone

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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,…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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.…

Read More Here

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…

Read More Here

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…

Read More Here

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.…

Read More Here

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…

Read More Here

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…

Read More Here

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,…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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.…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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…

Read More Here

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,…

Read More Here

Euro zone investor morale slumps on grim expectations – Sentix

BERLIN, July 4 (Reuters) - Investor morale in the euro zone fell this month to its lowest level since May 2020, pointing to an "inevitable" recession in the 19-country currency bloc, a…

Read More Here