Tag Eurozone

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Eurozone Economy Posts Modest Growth in Q4 2022

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,…

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Eurozone Business Activity Shows Unexpected Growth in January

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…

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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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Eurozone manufacturing shrinks for 5th consecutive month

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…

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