Euro Area Swings Into €27.2B Trade Deficit in January
(Eurostat) The international trade in goods balances was posted at a deficit of 27.2 billion euros in the euro area in January 2022, compared to a surplus of 10.7 billion…
Eurozone’s Output Reaches a 5-Month High in Feb. As Covid-19 Restrictions Ease
(IHS Markit) The Eurozone PMI Composite Output Index rose to 55.8 in February, a five-month high and an acceleration from a reading of 52.3 in January. The rise in output…
Eurozone Construction Expansion Hits the Highest in Four Years in January
(IHS Markit) Eurozone Construction Total Activity Index was posted at 56.6 in January, up from 52.9 in December, its highest since the first month of 2018. The expansion in construction…
Eurozone Growth Eases in January as the Impacts of Omicron Hit Service Sector
(IHS Markit) The Eurozone posted a Composite Output Index of 52.3, down from the December final reading of 53.3. The slowdowns in economic activity reflected the outbreak of the Omicron…
Eurozone Manufacturing Gathers Steam as Activity Index Climbs to a 5-Month High
(IHS Markit) Eurozone opened the year with robust manufacturing activity, as PMI rose to 58.7, a five-month high and above December’s final reading of 58.0. Growth was highest in Austria,…
Eurozone Growth Falters to an 11-Month Low in January
(IHS Markit) Eurozone recorded a Composite Output Index of 52.4 in January, reflecting an eleven-month low as the service activity slowed due to Omicron impacts. Services activity took a hit,…
Eurozone Construction Eased Slightly in December as Inflation Soften Again
(IHS Markit) Construction activity in the Eurozone maintained an expansion, although the activity index slipped to 52.9 in December from 53.3 in the previous month. Expansions were posted in commercial…
Eurozone Economy Stumbled to a 9-Month Low in Dec. on Omicron Impacts
(IHS Markit) Eurozone’s Composite Output Index was at 53.3 in December, the lowest since March and below 55.4 in November. The decline in the output index reflected a resurgence of…
Eurozone Growth Slumps to a 9-Month Low in Dec. on Fresh Covid-19 Jitters
(IHS Markit) The Eurozone Composite Output Index fell to a nine-month low of 53.4 in December, suggesting slowed activity in the economy. Renewed Covid-19 infections saw the service sector slow…
Eurozone Economic Sentiment in Dec. at the Lowest Since April on Covid Fears
(Sentix) The economic index gauging the current situation in the Eurozone was recorded at 13.5 in December, the lowest since April and a fall from 18.3 in November. The decline…
Eurozone Service Providers Are Less Optimistic Despite an Improved Activity in Nov.
(IHS Markit) Eurozone posted an acceleration in economic growth, with the Composite Output Index up to 55.4 in November, above 54.2 posted in October. The higher expansion in the eurozone…
Eurozone Manufacturing Improves Marginally in November Amid Supply Issues
(IHS Markit) Eurozone’s Manufacturing PMI was at 58.4 in November, a marginal improvement from a final reading of 58.3 in October. The manufacturing PMI reading reflects the first increase since…