Euro Zone

Another inflation record firms case for bigger ECB rate hikes

FRANKFURT, July 1 (Reuters) - Euro zone inflation hit yet another record high in June as price pressures broadened, and its peak could still be months away, firming the case for rapid…

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Euro zone unemployment falls to new record low of 6.6% in May

BRUSSELS, June 30 (Reuters) - Euro zone unemployment fell to a new record low in May as the economy continued to rebound from the COVID-19 pandemic, even if inflation exacerbated…

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Euro zone corporate lending continued to surge in May

June 29 (Reuters) - Bank lending to euro zone companies continued to surge in May, European Central Bank data showed on Wednesday, suggesting that firms may be stocking up on funding before…

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Euro zone economic sentiment slips despite industry pick-up

BRUSSELS, June 29 (Reuters) - Euro zone economic sentiment fell by slightly less than expected in June as consumers and retail trade became more downbeat but spirits among industrial and…

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Euro zone inflation confirmed at record high 8.1% in May

FRANKFURT, June 17 (Reuters) - Euro zone inflation rose to a record high 8.1% last month in line with a preliminary estimate, more than four times the European Central Bank's target and…

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Energy, not excess demand drives euro zone inflation: ECB’s Visco

MILAN, June 16 (Reuters) - Surging energy prices and not excess demand is driving euro zone inflation to record highs, European Central Bank policymaker Ignazio Visco said on Thursday, highlighting the contrast…

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Euro zone trade deficit almost doubles in April

BRUSSELS, June 15 (Reuters) - The euro zone's trade deficit almost doubled in April from the previous month, after an already record expansion in March, and industrial production increased over the same…

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Euro zone to avoid recession, growth to accelerate in Q3 – ECB survey

FRANKFURT, June 13 (Reuters) - The euro zone will avoid a recession this year and growth will accelerate noticeably after bottoming out in the second quarter, a key European Central Bank survey…

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Euro zone GDP growth speeds up in Q1 despite Ukraine war, revised data show

BRUSSELS, June 8 (Reuters) - The euro zone economy grew much faster in the first quarter of the year than in the previous three months despite the impact of the war in…

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Surge in euro zone wages may be less than meets the eye

FRANKFURT, June 8 (Reuters) - Euro zone wages are climbing after a lost decade but some pay rises may prove fleeting as employers across the bloc opt to give one-off bonuses rather…

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UPDATE – EU’s Gentiloni aims to present Stability Pact reform after summer

TRENTO, Italy, June 4 (Reuters) - EU Economic Commissioner Paolo Gentiloni said on Saturday he aimed to present a reform of the eurozone Stability Pact after the summer, adding that the new…

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Euro zone retail trade weaker than expected as food sales fall

BRUSSELS, June 3 (Reuters) - Euro zone retail sales were much weaker than expected in April, data showed on Friday, pulled down by principally by reduced purchases of food, drinks and tobacco.…

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Euro zone May business growth robust but outlook darkens -PMI

LONDON, June 3 (Reuters) - Euro zone business growth was robust in May but is at risk of a slowdown from soaring living costs, supply chain disruptions and uncertainty surrounding Russia's invasion…

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Croatia ready to join euro zone from 2023 – EU Commission

Croatia is ready to join the euro zone, the European Commission said on Wednesday, paving the way for the Balkan country to adopt the euro from the start of 2023…

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Euro zone factories struggled in May as consumers switched to leisure activities

LONDON, June 1 (Reuters) - Manufacturing growth in the euro zone slowed last month as factories faced supply shortages, high prices and a fall in demand, according to a survey which suggested…

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Euro zone sentiment barely changed in May, inflation expectations ease

BRUSSELS, May 30 (Reuters) - Euro zone economic sentiment barely changed in May as slightly greater optimism in services and among consumers offset an ebbing of confidence in industry, data showed on…

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ECB may kick off development of digital euro by end-2023, Panetta says

FRANKFURT, May 16 (Reuters) - The European Central Bank may kick off the development of its digital euro, an electronic version of banknotes and coins, by the end of next year, ECB…

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Ukraine war to slash euro zone 2022 growth, boost inflation -EU

BRUSSELS, May 16 (Reuters) - Russia's invasion of Ukraine and the resulting surge in energy and commodity prices will slash euro zone economic growth this year and next, while boosting inflation to…

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Euro zone production falls less than expected in March

BRUSSELS, May 13 (Reuters) - Euro zone industrial production fell less than expected in March, data showed on Friday, with capital goods and non-durable consumer goods leading the monthly decline and durable…

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Euro zone business growth got boost from reopened services in April -PMI

LONDON, May 4 (Reuters) - Business activity in the euro zone accelerated last month as the bloc's dominant services industry took advantage of a further loosening of COVID-19 restrictions, offsetting a near-stall…

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Lending to euro zone businesses slowed in early weeks of Ukraine war

FRANKFURT, April 29 (Reuters) - Bank lending to euro zone businesses slowed in March, reinforcing expectations that Russia's war in Ukraine would prompt both banks and corporations to tread cautiously, data from…

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Two-speed euro zone economy as services shine, factories struggle -PMI

LONDON, April 22 (Reuters) - Euro zone business growth unexpectedly accelerated this month, with the bloc's dominant services sector seeing a sharp increase in activity as consumers shrugged off soaring prices, a…

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Euro zone March inflation revised slightly down, still at record

BRUSSELS, April 21 (Reuters) - Euro zone inflation in March was marginally lower than earlier reported, the EU's statistics office said on Thursday, but still at record highs because of a surge…

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Euro zone faces slower growth, higher prices as war hits: ECB poll

FRANKFURT, April 15 (Reuters) - The euro zone economy faces slower economic growth and higher inflation as Russia's invasion of Ukraine pushes up costs, disrupts trade and hits confidence, a…

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Euro zone March factory growth slumped, downturn possible -PMI

LONDON, April 1 (Reuters) - Euro zone manufacturing growth slowed sharply last month as Russia's invasion of Ukraine tightened supply chain bottlenecks, dampened demand and whacked confidence, a survey showed as soaring energy costs drove…

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Euro zone inflation hits another record high with the worst still to come

FRANKFURT, April 1 (Reuters) - Euro zone inflation surged to 7.5% in March, hitting another record high with months still left before it is set to peak, making grim reading for the…

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Euro zone unemployment at record low of 6.8% in Feb

BRUSSELS, March 31 (Reuters) - Euro zone unemployment fell to a record low in February as the economy continued to rebound from the COVID-19 pandemic, even as energy prices rose…

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Euro zone facing slower growth, higher inflation: ECB’s Lagarde

Food and energy prices in the euro zone should stop rising, which should help the euro zone avoid a combination of stagnant growth and high inflation feared by economists, European…

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Cracks widen in euro zone economy as war in Ukraine rages on

FRANKFURT, March 30 (Reuters) - Europe's economy is increasingly feeling the heat from Russia's war in Ukraine as growth stalls, confidence plummets and inflation soars, data and warnings from policymakers made clear on Wednesday.…

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Euro zone business growth stronger than expected in March – PMI

LONDON, March 24 (Reuters) - Euro zone business activity has been stronger than expected this month, a survey showed on Thursday, although prices also rose at a record pace, likely adding to…

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Euro zone in trade deficit for third month as energy costs surge

BRUSSELS, March 18 (Reuters) - The euro zone's trade balance was in deficit for the third consecutive month in January as surging energy prices led to a sharp increase in the value…

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Euro zone unemployment at record lows, producer prices show record jump y/y

BRUSSELS, March 3 (Reuters) - Euro zone unemployment fell to record lows in January as the economy continued to rebound from the pandemic slump, but industrial producer prices showed a record surge…

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Euro zone inflation soars to new high, intensifying ECB dilemma

FRANKFURT, March 2 (Reuters) - Euro zone inflation soared to another record high last month, intensifying a policy dilemma for the European Central Bank, which must convey a sense of calm amid…

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Euro zone economic recovery rebounded in Feb despite soaring prices -PMI

LONDON, Feb 21 (Reuters) - The euro zone economic recovery rebounded sharply this month as an easing of coronavirus restrictions gave a boost to the bloc's dominant service industry, a survey showed,…

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Ukraine fears revive euro area’s battered safe-haven debt

LONDON, Feb 14 (Reuters) - Sovereign bond yields across the euro area fell sharply on Monday, with German 10-year borrowing costs sliding from more than three-year highs as investors rushed…

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European Commission cuts 2022 euro zone growth forecast, sharply raises inflation view

BRUSSELS, Feb 10 (Reuters) - Euro zone economic growth will be slower than earlier expected this year because of a new wave of COVID-19 infections, high energy prices and continued…

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Euro zone investor morale rises in February

BERLIN, Feb 7 (Reuters) - Investor morale in the euro zone rose in February as the economic situation around the world has stabilised compared to January, though a lack of…

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Euro zone retail sales much weaker than expected in December

BRUSSELS, Feb 4 (Reuters) - Retail sales in the euro zone were much weaker than in expected in December despite the Christmas shopping season, amid a record rise in consumer…

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Euro zone producer prices in record surge in Dec due to energy

BRUSSELS, Feb 3 (Reuters) - Euro zone producer prices surged at a record rate in December, as expected, on soaring energy costs, data showed on Thursday, pointing to continued pressure…

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Euro zone inflation unexpectedly hits new record high

FRANKFURT, Feb 2 (Reuters) - Euro zone inflation rose to a new record high last month, defying expectations for a big drop and adding to already copious doubts that price…

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Euro zone economic sentiment eases in Jan

BRUSSELS, Jan 28 (Reuters) - Euro zone economic sentiment deteriorated in January, data showed on Friday, pulled down by a more downbeat sentiment in the two key sectors of industry…

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Euro zone recovery stuttered in Jan as Omicron hit services -PMI

LONDON, Jan 24 (Reuters) - The euro zone economic recovery weakened further this month as renewed restrictions imposed to contain the Omicron coronavirus variant put another dent in bloc's dominant…

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Euro zone Dec inflation confirmed at record 5.0% on energy surge

BRUSSELS, Jan 20 (Reuters) - Euro zone consumer prices jumped at a record high pace in December, the EU's statistics agency confirmed on Thursday, boosted by a surge in energy…

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Euro zone mulls how to make governments respect EU fiscal rules

BRUSSELS, Jan 17 (Reuters) - Euro zone finance ministers will start a discussion on Monday on how to change the often-broken EU fiscal rules so that governments actually observe them,…

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Euro zone swings to trade deficit in Nov due to energy bill

BRUSSELS, Jan 14 (Reuters) - The euro zone swung to a small trade deficit in November from a large surplus 12 months earlier because of a surge in the cost…

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Euro zone inflation not as transitory as thought: ECB’s de Guindos

FRANKFURT, Jan 13 (Reuters) - The euro zone's inflation spike is not as transitory as earlier thought and price growth this year is at risk of exceeding projections, European Central…

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Euro zone investor morale rises slightly as mood stabilises

BERLIN, Jan 10 (Reuters) - Investor morale in the euro zone rose in January as economic momentum is not expected to slow down despite new virus variants and rising coronavirus…

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Omicron dents euro zone’s economic rebound; inflation at record high

FRANKFURT, Jan 7 (Reuters) - Euro zone economic sentiment dropped more than expected last month while inflation hit another record high, indicating the economy is under renewed stress as surging…

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Euro zone economic recovery faltered in Dec as Omicron spread -PMI

LONDON, Jan 5 (Reuters) - The euro zone's economic recovery faltered in December as a resurgence in COVID-19 infections curtailed growth in the bloc's dominant service industry, a survey showed,…

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Euro zone business growth slipped in Dec as Omicron rose

LONDON, Dec 16 (Reuters) - Euro zone business growth has slowed more than expected this month as renewed restrictions imposed to curb the Omicron coronavirus variant curtail the recovery in…

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Euro zone trade surplus smaller than expected in Oct

BRUSSELS, Dec 16 (Reuters) - The euro zone's trade surplus with the rest of the world was much smaller than expected in October, data showed on Thursday, as the bloc's…

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Croatia lawmakers adopt 2022 budget targeting euro zone entry

ZAGREB, Dec 8 (Reuters) - The Croatian parliament approved on Wednesday a 2022 budget targeting a general deficit of 2.6% of gross domestic product as a key criteria for the…

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Euro zone ministers to stay upbeat on growth despite Omicron

BRUSSELS, Dec 6 (Reuters) - Euro zone finance ministers are likely to stay upbeat about growth prospects when they meet to discuss latest developments on Monday, as the economy has…

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Euro zone investor morale darkens on renewed pandemic restrictions

BERLIN, Dec 6 (Reuters) - Investor morale in the euro zone in December fell to its lowest level since April as renewed restrictions to contain a fourth wave of coronavirus…

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Euro zone November business growth acceleration may be temporary -PMI

LONDON, Dec 3 (Reuters) - Euro zone business activity accelerated last month but the bounce may be temporary as demand growth weakened and fears about the Omicron coronavirus variant put…

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Euro zone retail sales up in October on non-food purchases

BRUSSELS, Dec 3 (Reuters) - Euro zone retail sales rose in line with expectations in October as consumers spent more on non-food purchases, particularly online, data from Eurostat showed on…

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Euro zone producer prices surge in Oct, unemployment eases

BRUSSELS, Dec 2 (Reuters) - Euro zone producer prices jumped more than expected in October, data showed on Thursday, driven mainly by a surge in energy prices, while unemployment eased…

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