Spanish Economy Surpasses Expectations
The Spanish economy exceeded expectations in the final quarter of last year, driven by both domestic and external demand. According to the national statistics body INE, gross domestic product (GDP)…
Unemployment in Eurozone Shows Signs of Increase
Unemployment in the eurozone has risen slightly from record lows in September, indicating that the labor market is starting to loosen. This comes as higher European Central Bank interest rates…
Eurozone Business Activity Contracts, but at a Slower Pace
The latest data from the purchasing managers' survey indicates that business activity in the eurozone continued to contract in September. However, there is a glimmer of hope as the contraction…
Eurozone’s Growth Weakens in May Amid Geopolitics and Capacity Pressure
(S&P Global) Growth within the eurozone weakened in May, as the Composite Output Index edged to a four-month low of 54.8, compared to 55.8 in April. The service sector was…
Eurozone’s Growth Remains above Average Despite Easing from April
(S&P Global) Eurozone’s Composite Output Index was recorded at 54.9 in May, down from 55.8 in April. The index marked a two-month low, but took growth to a fifteenth straight…
Eurozone Expansion Reaches a 7-Month High in April as Service Activity Pick Steam
(S&PGlobal) The overall Composite Output Index in the euro area was at a seven-month high of 55.8 in April, up from 54.9 in March. The robust growth reflected a strong…
Eurozone Manufacturing Hit the Worst in More Than a Year in April
(S&P Global) Manufacturing activity in the Eurozone weakened significantly in April, with the PMI plunging to a 15-month low of 55.5 in April, compared to 56.5 in March. The Manufacturing…
Eurozone Growth Hits a 7-Month High in April Amid Manufacturing Declines
(S&P Global) The Composite Output Index, gauging growth in the Eurozone, reached an index of 55.8 in April, a seven-month high and higher than 54.9 in March. Growth was mainly…
Eurozone Construction Activity Rises the Slowest in 5 Months in March
(S&P Global) Eurozone Construction PMI was recorded at 52.8 in March, dropping from 56.3 in February, underlying the slowest expansion since October. Construction firms attributed the March slowdowns partly to…
Eurozone Output Growth Slides to a 2-Month Low in March but Remains Robust
(IHS Markit) The Composite Output Index in the eurozone was recorded at 54.9 in March, a two-month low, compared to a reading of 55.5 in February. The output index was…
Eurozone Flashes Signs of a Recession as Sentiment Index Plunges to -18 Points in April
(Sentix) The economic sentiment index in the euro deteriorated by 11 points to -18 points at the beginning of April. At -18 points, the sentiment index is at its weakest…
Eurozone Output Hits a 2-Month Low as Ukraine Crisis Hurts Activity
(IHS Markit) The Eurozone PMI Composite Output Index was posted at 54.5, a two-month low and a decline from 55.5 the previous month. The slowdowns in Eurozone business activity reflected…