Euro Area Producer Prices Jump by 5.3% In March, Higher in the EU
(Eurostat) Producer prices increased by 5.3% in the euro area in March from February, and 5.4% in the EU. The producer prices had increased by 1.1% in both regions in…
GDP Growth Slows Slightly in the Euro Area and EU in the First Quarter
(Eurostat) The euro area posted a 0.2% increase in GDP in the first quarter of 2022, narrower than an expansion of 0.3% in the fourth quarter of 2021. In the…
Euro Area and EU Post Increases in Construction Output in February
(Eurostat) Production in construction improved by a monthly 1.9% in the euro area in February, while it also posted gains of 1.1% in the EU. The gains in construction output…
Euro Area Annual Inflation Rises to 7.4% in March
(Eurostat) The annual inflation in the euro area was 7.4% in March, compared to 5.9% in February and 1.3% a year earlier. In the EU, the inflation hit 7.8% in…
Binance Announces Restrictions for Russian Accounts With Over 10,000 EUR
(Binance) Binance has announced a limit of services for nationals from Russia, natural persons residing in the country, or legal entities with crypto holdings of over 10,000 EUR. Binance says…
Euro Area Posts a Trade Deficit of €7.6B in February 2022
(Eurostat) The international trade in goods deficit in the euro area was recorded at 7.6 billion euros in February 2022, compared to a surplus of 23.6 billion euros in the…
Crypto Firms Fight Back EU’s Proposed Digital Asset Disclosure Laws
(Reuters) At least 40 firms drawn from the crypto firms want the EU to abandon plans to force digital asset firms to disclose transaction details. Crypto heads have maintained that…
Euro Area Annual Inflation Jumps to 7.5% in March as Energy Prices Skyrocket
(Eurostat) The annual inflation in the euro area is estimated to have climbed to 7.5% in March 2022, compared to 5.9% the previous month. The price jump exceeded estimates of…
EU Regulators Outlaw Anonymous Crypto Transactions Amid Standoff With Sector
(CoinDesk) The EU voted in favor of a measure seeking to outlaw anonymous crypto transactions, with the sector leaders saying the move will stifle innovation and hurt privacy. The EU…
Unemployment Falls by 0.1% in Both the Euro Area and EU in February
(Eurostat) The rate of unemployment was 6.8% in the euro area in February 2022, from 6.9% the previous month. The rate is below 8.2% in the prior year. In the…
Economic Sentiment Drops by More Than 5 Points in the EU, Euro Area in March
(European Commission) The Economic Sentiment Indicator was recorded at 107.5 in the EU in March, a significant 5.3 points decline. In the euro area, the economic sentiment index was at…
EU Targets a Blockchain Aided Bond, Stock Issuance and Trading
(CoinDesk) The European Parliament has approved a five-year pilot program to test the use of blockchain technology for stock and bond issuance, settlement, and trading. The lawmakers in the EU…