Eurozone – NATURALDEPOSIT

Eurozone’s Manufacturing PMI Shows Improvement in November Despite Continued Contraction

The manufacturing sector in the Eurozone exhibited signs of improvement throughout November, hitting a six-month high, albeit remaining within a contractionary phase. The Eurozone’s Final Manufacturing Purchasing Managers’ Index (PMI), compiled by Hamburg Commercial banks (HCOB) in association with S&P Global, recorded a rise to 44.2 in November, up from 43.1 in October. This upturn …

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Eurozone CPI Rises by 2.4% in November, Falls Short of Projections

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The European Union’s statistical authority, Eurostat, revealed that the Eurozone’s Consumer Price Index (CPI) for November marked a year-on-year increase of 2.4%. This figure signifies a decline from October’s 2.9% and notably falls below analysts’ projections, which had estimated a level of 2.7%. Within the detailed breakdown, the core CPI, excluding volatile components such as …

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Eurozone’s Final Manufacturing and Services PMI Hits Three-Year Low in October, Raising Recession Concerns

News

The Eurozone is grappling with a concerning economic downturn as the final manufacturing and services Purchasing Managers’ Index (PMI) reached its lowest point in three years in October. This decline underscores the intensifying slowdown in Eurozone business activity, particularly within the service sector, raising alarms about a looming recession in the region. Official data has …

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Eurozone’s Manufacturing and Services PMI Dips to Three-Year Low in October

News

Troubling signs have emerged for the Eurozone, as S&P Global’s latest data, released on October 23, indicates that business activity across the region continued to contract in October. This broad decline in demand, echoing the concerns of economists and analysts, is raising fears of a potential recession on the horizon. The Purchasing Managers’ Index (PMI), …

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Eurozone PMI Rises in September, Yet Persistent Contraction Signals Economic Challenges

News

The Eurozone Purchasing Managers’ Index (PMI) data, jointly released by Hamburg Commercial Bank (HCOB) and S&P Global, has shown a modest uptick in September, with the index climbing to 47.2, compared to the 46.7 reading recorded in August. While the increase in the PMI is encouraging, it is essential to underscore that any reading below …

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Eurozone Retail Sales Plunge Beyond Expectations in August Amid Rampant Inflation

News

The latest data from the European Union’s statistics office, Eurostat, has revealed that retail sales within the Eurozone witnessed a more substantial decline than anticipated in August. This sharp drop in consumer spending is primarily attributed to the persistent poison of inflation, which has significantly dampened economic activity across the euro area. According to the …

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Eurozone Manufacturing PMI Continues Sharp Contraction in September

News

Manufacturing activity in the Eurozone extended its sharp contraction throughout September, facing a widespread downturn primarily due to ongoing declines in demand, according to the latest data. The Final Manufacturing Purchasing Managers’ Index (PMI) for September in the Eurozone, as reported by Hamburg Commercial Bank (HCOB), registered at 43.4. This figure marked a slight decrease …

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Eurozone Witnesses Two-Year Low in Inflation for September Following Economic Slowdown

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In a significant development, inflation in the Eurozone has dipped to its lowest point in two years for the month of September. This decline suggests that the European Central Bank’s (ECB) recent series of policy rate increases has achieved success in curbing inflation, even though such interest rate hikes may have implications for economic growth. …

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Eurozone Confidence Index Declines in September, Marking Fifth Consecutive Monthly Drop

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In a recent announcement, the European Commission (EC), the executive body of the European Union (EU), revealed that the Eurozone’s economic confidence index experienced a decline in September. The index slipped to 93.3, down from 93.6 in August, although it remained higher than analysts’ expectations, which had pegged it at 92.5. This marks the fifth …

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Eurozone PMI Rises, but Third Quarter Economic Contraction Looms

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Recent survey results have indicated that despite an uptick in the Purchasing Managers’ Index (PMI) for the Eurozone, the region’s economy is poised to contract in the third quarter. This contraction is expected to persist, even if economic activity experiences a milder slowdown in September. In September, Hamburg’s Purchasing Managers’ Index (PMI), which encompasses services …

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