Eurozone – NATURALDEPOSIT

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Eurozone Manufacturing PMI Contracts Further in May as Demand Declines

Eurozone’s manufacturing sector experienced a continued decline in May, primarily driven by reduced demand. Although factories responded to the challenging conditions by cutting prices for the first time since September 2020. The final Purchasing Managers’ Index (PMI) for the manufacturing sector in May, collected by S&P Global on June 1, stood at 44.8, slightly higher …

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Eurozone Inflation Drops More Than Expected to 6.1% in May as Pressures Ease

News

Preliminary data reveals that inflation in the Eurozone experienced a larger-than-expected decline in May. Headline inflation dropped to 6.1% from 7% in April, marking the lowest figure since February 2022 and exceeding the anticipated decline of 6.3%. Furthermore, the core inflation rate, which excludes energy and food prices, also decreased to 5.3% in May, falling …

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Preliminary Eurozone Manufacturing-Services PMI Shows Signs of Slowdown in May

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The Hamburg Commercial Bank (HCOB) has released the preliminary Purchasing Managers’ Index (PMI) for the Eurozone’s manufacturing and services sectors, revealing a slight slowdown in May. The index dropped to 53.3 from April’s 54.1. While the PMI index still indicates expansion in the eurozone business sector as it remains above 50, the figure of 53.3 …

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Eurozone economy expands slightly in Q1/2023, in line with preliminary figures

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According to the European Statistical Office (Eurostat), the eurozone economy grew slightly in the first quarter of 2023, in line with preliminary estimates. The economy escaped from the energy crisis, which previously triggered concerns that it would lead to a recession. The Eurozone’s gross domestic product (GDP) grew by 0.1% in the first quarter of …

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Eurozone Retail Sales Fall More Than Expected in March as Household Purchasing Power Declines

News

Retail sales in the eurozone dropped by 1.2% in March compared to the previous month, according to the European Statistical Office (Eurostat). This was significantly higher than the 0.1% drop that economists had predicted. On a year-on-year basis, retail sales were down by 3.8% in March. The decline in retail sales was attributed to a …

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Eurozone Jobless Rate Drops to 6.5% in March

News

According to data released by the European Statistical Office (Eurostat), the unemployment rate in the eurozone fell to 6.5% in March, indicating a tightening labor market. This unexpected decline adds to the challenges faced by the European Central Bank (ECB) in combating inflation. The Eurozone’s March unemployment rate was down from 6.6% in February, exceeding …

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Eurozone Manufacturing PMI Continues to Fall in April, Indicating Contraction in the Business Sector

News

The latest survey results from Hamburg Commercial Bank (HCOB) have shown that Eurozone manufacturing activity continued to shrink in April. The cost of raw materials fell at the fastest rate in nearly three years, although not as severe as previously expected. The Eurozone Final Manufacturing Purchasing Managers’ Index (PMI) dropped to 45.8 in April from …

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Eurozone Headline Inflation Picks up Slightly in April, but Core Inflation has Declined

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According to preliminary data released by the European Statistical Office (Eurostat), the Eurozone’s headline inflation rose slightly in April after five consecutive months of decline, with food prices continuing to rise. However, the European Central Bank’s (ECB) mission to bring inflation back to its target before its monetary policy meeting this week has been complicated. …

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Eurozone Economy Grew by 0.1% in Q1/2023 Quarterly after Facing Stagnation

News

The Eurozone economy showed only a slight expansion in the first quarter of 2023, from January to March, which was lower than analysts had anticipated following the stagnation at the end of last year. The Eurozone’s gross domestic product (GDP) grew by 0.1% in the first quarter of 2023 from the previous quarter, compared to …

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EU condemns unilateral trade ban by Poland and Hungary on Ukrainian grain and food imports

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The European Union (EU) has criticized Poland and Hungary’s decision to impose a ban on grain and other food imports from Ukraine, stating that unilateral action on trade is not acceptable. Poland and Hungary announced the ban to protect their local agricultural sector, as large quantities of cheaper Ukrainian grain stayed in Central European states …

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