Euro Zone

Euro zone banks not meeting ECB’s climate risk goals

FRANKFURT, Nov 22 (Reuters) - No big euro zone lender meets the European Central Bank's climate risk management goals, the ECB said on Monday, just months before it is due…

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High euro zone inflation temporary, ECB’s Lane says

FRANKFURT, Nov 8 (Reuters) - Euro zone inflation will ease next year and remains too weak in the medium term, European Central Bank chief economist Philip Lane told a Spanish…

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Euro zone investor morale rises on more upbeat outlook

BERLIN, Nov 8 (Reuters) - Investor morale in the euro zone rose in November for the first time since July as investors expected supply bottlenecks and higher prices to hold…

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Euro zone retail sales record surprise fall on weak Germany

FRANKFURT, Nov 5 (Reuters) - Euro zone retail sales recorded an unexpected drop in September as Germany, the bloc's biggest economy, underperformed and non-food sales were also weak, data from…

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Euro zone business growth at six-month low in October; price pressures soar

BENGALURU, Nov 4 (Reuters) - Euro zone business activity grew at its weakest pace in six months in October as supply chain bottlenecks and logistical issues related to the COVID-19…

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Euro zone unemployment eases to 7.4% in Sept as expected

BRUSSELS, Nov 3 (Reuters) - Euro zone unemployment eased to 7.4% of the workforce in September as expected, the EU's statistics office said on Wednesday, as the economy continues to…

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ECB survey shows euro zone inflation just below goal in 2022

FRANKFURT, Oct 29 (Reuters) - Euro zone inflation will be higher in the coming years than earlier predicted and will come in just below the European Central Bank's 2% target…

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Euro zone companies brace for another year of supply snags, ECB says

FRANKFURT, Oct 29 (Reuters) - Most euro zone companies are bracing for another year of supply disruptions and expect to pass on their rising costs to clients, the European Central…

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Euro zone economic sentiment up in Oct, inflation expectations surge

BRUSSELS, Oct 28 (Reuters) - Euro zone economic sentiment rose for a second straight month in October, approaching July's all-time high and pushing inflation expectations among consumers and producers to…

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Euro zone inflation expectations hit highest level in years

LONDON, Oct 22 (Reuters) - Euro zone inflation expectations among bond investors hit their highest levels in years on Friday, putting additional pressure on the European Central Bank and its…

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Euro zone business growth slowed in October as prices soared -PMI

LONDON, Oct 22 (Reuters) - Growth in euro zone business activity has slowed down this month as firms face soaring costs due to supply-chain constraints, while the bloc's dominant service…

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Euro zone future inflation gauge at 7-year high

A market-based gauge of long-term euro zone inflation expectations surged to seven-year highs on Wednesday, as high energy prices continue to fan expectations of higher future price growth for consumers…

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Euro zone retail trade weaker than expected in Aug as food sales fall

Euro zone retail sales were weaker than expected in August, data showed on Wednesday, as consumers reined in spending on food, drinks and tobacco. Retail sales, a proxy for consumer…

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Euro zone factory growth strong in September but bottlenecks bite

LONDON, Oct 1 (Reuters) - Euro zone manufacturing growth remained strong in September but activity took a big hit from supply chain bottlenecks that are likely to persist and keep…

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Euro zone unemployment falls as expected in August

Euro zone unemployment fell as expected in August, continuing the downward trend since the start of the year as the economy recovers from its pandemic slump in 2020. EU's statistics…

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Euro zone sentiment edges up in Sept, defies expectations of drop

Euro zone economic sentiment edged higher in September after a fall in August, boosted by optimism among consumers and in the industry and construction sectors, while inflation expectations continued to…

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Supply constraints squeeze euro zone business growth

Euro zone business growth was much weaker than expected this month as curbs to limit the Delta variant of coronavirus hit demand and already worsened supply-chain constraints pushed input cost…

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Euro zone inflation confirmed at 10-year high on energy surge

Euro zone inflation accelerated to a 10-year high in August, the European Union's statistics office confirmed on Friday, as a global recovery pushed energy prices even higher. Eurostat said consumer…

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Euro zone trade surplus slips in July as imports rise sharply

BRUSSELS, Sept 16 (Reuters) - The euro zone's trade surplus with the rest of the world declined in July from a year earlier, data released by the European Union's statistics…

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Euro zone production stronger than expected in July

Euro zone industrial production was stronger than expected in July, data showed on Wednesday, thanks to rising output of capital and non-durable consumer goods. The European Union's statistics office Eurostat…

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Euro zone post-pandemic bankruptcies fewer than feared -officials

Corporate bankruptcies in the euro zone have been fewer than feared in April, top euro zone officials said on Friday, noting the euro zone would now shift to more targeted…

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Euro zone business activity strong in Aug but supply issues weighed-PMI

Euro zone business activity remained strong last month, despite fears about the Delta variant of the coronavirus and widespread supply chain issues, according to a survey which suggested the bloc's…

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Euro zone retail sales weaker than expected in July

Euro zone retail sales, a proxy for consumer demand, were much weaker than expected in July, pulled down mainly by a sharp fall in the number of goods bought online.…

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Euro zone unemployment falls as expected in July

Euro zone unemployment fell as expected in July as 350,000 people found jobs compared to the previous month, the European Union's statistics office Eurostat said on Wednesday. Eurostat said the…

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Euro zone August sentiment eases, selling price view at record high

Euro zone economic sentiment eased more than expected in August from a record high in July, hit by a sharp drop in optimism in France and the Netherlands, while selling…

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French, euro zone economies should return to pre-COVID levels by early 2022 – Villeroy

The economies in France and the euro zone should be back to pre-COVID levels in early 2022 or maybe earlier, Bank of France Governor Francois Villeroy de Galhau said on…

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Euro zone business boom roared on in August -PMI

Euro zone business activity remained strong this month, only dipping from July's two-decade high pace, as a rapid vaccination drive against the coronavirus allowed more businesses to reopen and customers…

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Euro zone industry output falls as Germany brakes

Euro zone factory output fell in June as Germany, the bloc's industrial powerhouse, faltered amid supply bottlenecks, European Union estimates released on Thursday showed. The EU's statistics office Eurostat said…

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Euro zone banks left flying solo by new glitch in ECB payment system

Several euro zone commercial and central banks were left flying solo by a new glitch in the European Central Bank's payment system late on Monday as they lost access to their online…

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Euro zone investor morale falls to 3-month low on outlook angst

Investor morale in the euro zone fell in August to a three-month low on a sharp drop in expectations due to concerns that new lockdown restrictions could loom in the…

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Croatia plans to reduce budget gap in time for euro adoption in 2023

The Croatian government said it planned to reduce its budget deficit next year to 2.6% of gross domestic product (GDP) from this year's 3.8%, to bring it line with requirements…

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Euro zone rebounds strongly, inflation above ECB target

The euro zone economy grew faster than expected in the second quarter, pulling out of a recession caused by the COVID-19 pandemic as curbs to stop the virus were eased,…

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Euro zone sentiment hits record high in July, peak may be near

Euro zone economic sentiment hit a record high in July, estimates from the European Commission showed on Thursday, but a drop in optimism among consumers and the slower rate of…

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Euro zone businesses boomed in July but confidence weakened

Euro zone business activity expanded at its fastest monthly pace in over two decades in July as the loosening of more COVID-19 restrictions gave a boost to services but fears…

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Euro area real yield falls to record low on Delta fears

July 19 (Reuters) - Euro area "real" yields, representing the cost of borrowing after stripping out inflation effects, tumbled on Monday to a new record low as a resurgence in…

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EU revises upward estimates for euro zone growth, inflation

The European Commission revised upward on Wednesday its estimates for euro zone growth this year and next, but warned against risks posed by new variants of the coronavirus that should…

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Euro zone business activity soared in June as lockdowns lifted

Euro zone businesses expanded activity at the fastest rate in 15 years in June as the easing of more coronavirus restrictions brought life back to the bloc's dominant service industry,…

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ECB’s Lagarde says Euro zone recovery still fragile

The euro zone economy is beginning to rebound from a pandemic-induced slump but the recovery remains fragile, the European Central Bank's President Christine Lagarde said in an interview published on…

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Bulgaria sticks to plans to adopt the euro from Jan 1, 2024

Bulgaria is sticking to its target to adopt the euro currency from January 1, 2024 and plans to start payments in euros without any transitional period once it joins the…

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ECB’s Lagarde says Euro zone recovery faces risk from virus mutation

The euro zone economy may well avoid the most pessimistic scenario envisaged at the start of the COVID-19 pandemic but it still faces risks from virus mutations, European Central Bank…

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Euro zone sentiment hits 21-year-high with further reopening

Euro zone economic sentiment surged in June to a 21-year-high as an accelerated pace of COVID-19 vaccinations led to further reopening and an improved mood across all sectors of the…

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Euro zone business lending continues to drop – ECB

New lending to euro zone companies fell again in May, extending a drop from the previous month even as the bloc began its recovery from a pandemic induced recession, data…

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Euro zone business growth at 15-year high as demand unleashed -PMI

Euro zone business growth accelerated at its fastest pace in 15 years this month as the easing of more lockdown measures and the unleashing of pent-up demand drove a boom…

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Digital euro might suck away 8% of banks’ deposits – Morgan Stanley

A digital euro could suck away 8% of euro zone banks’ customer deposits, analysts at Morgan Stanley have estimated, although the share may be far higher in some of the…

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Euro zone economic dip milder than expected in first quarter

The euro zone economy contracted by much less than expected in the first quarter of the year, revised data from the EU's statistics office showed, with a buildup of inventories…

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Euro zone investor morale rises to highest level since February 2018

Investor morale in the euro zone rose for the fourth month in a row in June, reaching its highest level since February 2018, lifted by reopening restaurants and tourism resuming…

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Euro zone retail sales fall more than expected in April

Euro zone retail sales fell more than expected in April, dragged down by a decline in sales of non-food products, but were still much higher than 12 months earlier when…

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Euro zone business growth soared in May as restrictions eased -PMI

Euro zone business activity surged in May as the easing of some coronavirus related restrictions injected life into the bloc's dominant services industry, a survey showed, echoing data on Tuesday…

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Euro zone producer prices rise more than expected in April

Euro zone producer prices rose more than expected in April, boosted by a surge in energy prices, data from the European Union's statistics office Eurostat showed on Wednesday. Eurostat said…

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Digital euro could boost single currency’s international use, ECB says

Creating a digital euro could boost the single currency's international status by making it easier to use for paying or saving, the European Central Bank said on Wednesday. The European…

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New euro zone business loans plunge in April

New lending to euro zone companies plunged in April, indicating that banks are tightening access to credit even as the bloc starts to emerge from a year of lockdowns, data…

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Europe has passed turning point but still needs ECB support: Schnabel

The euro zone economy has reached a turning point and the recent rise in borrowing costs reflects improved fundamentals, European Central Bank board member Isabel Schnabel told Reuters, playing down…

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Euro zone business growth picked up in May as services bounced -PMI

Euro zone business growth accelerated at its fastest pace in over three years this month, as a strong resurgence in the bloc's dominant service industry added to the impetus from…

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As post-pandemic healing begins, euro zone worries how to avoid scars

As forecasts point to a strengthening recovery, euro zone finance ministers will discuss on Friday how to make sure the pandemic does not leave lasting economic scars that could divide…

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Euro zone investor morale rises to highest level since March 2018

Investor morale in the euro zone rose in May to its highest level since March 2018 on all-time high expectations and an upbeat evaluation of the current situation, a survey…

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Recovery from coronavirus will be long, says ECB Economist Lane -Le Monde

The road to recovery from the coronavirus pandemic will be long with the unemployment rate in the euro zone not returning to its 2019 level before 2023, ECB Chief Economist…

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Euro zone business growth picked up in April as services expanded -PMI

Euro zone business activity accelerated last month as the bloc's dominant services industry shrugged off renewed lockdowns and returned to growth, according to a survey on Wednesday that also showed…

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