Business News Asia
The European Union’s statistical office, Eurostat, has reported that the gross domestic product (GDP) in the eurozone rose by 0.1% in the fourth quarter of 2022. This follows a growth of 0.3% in the third quarter. On a yearly basis,…
According to preliminary surveys from S&P Global, Eurozone business activity turned unexpectedly into modest growth in January, indicating that the Eurozone economic downturn may not be as severe as expected and the Eurozone could avoid a recession. The Purchasing Manager’s…
S&P Global announced that the final Purchasing Managers’ Index (PMI) for the eurozone services sector rose from 48.5 in November to 49.8 in December, its highest level in four months. The PMI index is still below the 50 mark, indicating…
S&P Global announced that the final Eurozone manufacturing Purchasing Managers’ Index rose to 47.8 in December, the highest level in three months from 47.1 in November. The PMI index is below 50, indicating that the eurozone manufacturing activity continues to…
S&P Global announced that the preliminary Eurozone Purchasing Managers’ Index (PMI), which includes both manufacturing and services, rose to 48.8 in December, a four-month high from 47.8 in November. The PMI index is still below the 50 mark, suggesting that…
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…
Eurozone government bond yields rallied in line with U.S. Treasury yields on Saturday (Dec. 3) after the U.S. released higher-than-expected nonfarm payroll employment figures. Hourly worker wages were also higher than expected. This could be a factor the Federal Reserve…
S&P Global reported that the final Eurozone manufacturing Purchasing Managers’ Index rose to 47.1 in November, a two-month high from 46.4 in October. However, the PMI index remained below 50, indicating that the Eurozone manufacturing sector continues to contract, declining…
The Statistical Office of the European Union (Eurostat) released preliminary figures for the Eurozone consumer price index (CPI), which slowed to 10.0% year-on-year in November. The CPI increase in November was due to a slowdown in energy prices, which rose…
The European Commission (EC), the executive body of the European Union (EU), announced that its economic sentiment index for the Eurozone rose to 93.7 in November from 92.7 in October. This was above analysts’ expectations of 93.5. The index rose…
