Tag Europe

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Sharp decline in retail sales in the Eurozone in October

Retail sales in the Eurozone fell sharply in October, Eurostat reported today. Retail sales fell 1.8% month-on-month after rising 0.8% in September. On a year-over-year basis, retail sales fell 2.7%. The decline was led by Germany and France, Europe’s largest…

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Car sales in Europe rose for the second month in a row

The Association of European Automobile Manufacturers (ACEA) reported that the number of new registrations in Europe rose for the second month in a row in September. According to the report, the number of new cars registered in September increased by…

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Europe must expect further cuts in Russian oil and gas exports

Europe is facing a new round of energy disruptions following reports of damage to oil pipelines from Kazakhstan via Russia. This situation will only increase concerns about Europe’s energy supply problem. The Caspian Pipeline Association (CPC), which manages about 1%…

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