Tag Eurozone

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Eurozone economy grew at a slower pace in Q2/22

The European Statistical Office (Eurostat) reported that economic growth in the eurozone weakened slightly in the second quarter of 2022 compared with previous estimates, but remained strong. According to the report, the gross domestic product (GDP) of the eurozone, which…

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Final Eurozone manufacturing PMI falls below 50 in July

The final manufacturing Purchasing Managers’ Index in the eurozone fell to 49.8 in July from 52.1 in June, according to S&P Global. The reading was still slightly higher than the preliminary manufacturing PMI of 49.6. The final manufacturing PMI in…

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Eurozone manufacturing PMI falls to 49.6 in July

S&P Global has announced that the eurozone manufacturing sector contracted more than expected in July. The manufacturing Purchasing Managers’ Index (PMI) fell to 49.6 in July from 52.1 in June, the lowest level in 25 months. The PMI index for…

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PMI in France and the EU falls to lowest level in June

The eurozone’s manufacturing and services Purchasing Managers’ Index (PMI), from S&P Global, fell to a 16-month low of 52.0 in June 2022 from 54.8 in May. The PMI index remains above the 50 mark, indicating that the eurozone corporate sector…

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Retail Sales in the Eurozone Weaker than Expected

The EU’s statistical office said that retail sales volumes in the 19 countries that share the euro fell 1.3% in April, but rose 3.9% from a year earlier. Retail sales in the eurozone are very weak due to the decline…

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Manufacturing PMI Declines in the EU and UK

The final eurozone manufacturing purchasing managers’ index fell to 54.6 in May from 55.5 in April, its lowest level since November 2020, but still above the initial estimate of 54.4. The PMI index remains above the 50 mark, indicating that…

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