Source link The key PMI index contracted for a 20th consecutive month in February, the latest data shows Manufacturing activity across the 20 countries that use the euro has continued to decline, largely due to a slowdown in the area’s leading economy Germany, according to a study by S&P Global. The report said the Purchasing […]
Source link The single-currency bloc suffered an economic contraction in the third quarter of 2023, according to the central bank The Eurozone probably failed to grow at the end of last year early indicators suggest, European Central Bank’s (ECB) Vice-President Luis de Guindos has stated. In comments at a conference in Madrid on Wednesday, de […]
Source link Business activity in Europe’s 20-nation single currency bloc continued to contract at the end of 2023, as a downturn in the dominant services industry stretched into the final month of the year, data compiled by S&P Global has revealed. Flash Composite Purchasing Managers’ Index (PMI) for the bloc, a measure of manufacturing and […]
Source link Most analysts polled by the media believe the single currency bloc is already in a recession The 20-nation euro currency bloc is expected to see only moderate economic growth, +0.6% in 2024, according to the results of a survey carried out by the Financial Times among 48 economists. The outlooks issued by the […]
Source link The euro area’s economy has now registered two consecutive quarters of contraction, the outlet says The 20-nation euro currency bloc will slip into its first recession since the pandemic in the final months of the year, after recording two consecutive quarters of negative economic growth, a Bloomberg poll of analysts revealed on Monday. […]
Source link Western sanctions have so far failed to halt Russia’s economic growth, which is now projected to outpace that of the Eurozone, the Guardian reported on Thursday, citing investment firm Amundi. According to the company’s forecast, Russia’s gross domestic product (GDP) will grow by 1.5% in 2024. In contrast, the Eurozone economy is set […]
Source link The lingering economic downturn in the Eurozone signals that the region may plunge into a recession by the end of the year, Bloomberg reported on Thursday, citing economists and private-sector activity surveys. According to S&P Global, the purchasing managers’ index (PMI) in the region continued to shrink in November, plunging to 47.1 points, […]