Tag: Eurozone
Eurozone, Draghi: new rules and more shared sovereignty are needed
(Finance) – “New rules and more shared sovereignty”. It is the recipe for the Eurozone of Mario Dragons. In an intervention in the Economist, the former Italian prime minister and…
Eurozone in recession: PMI data down and below expectations
(Tiper Stock Exchange) – The Eurozone services sector is holding back sharply in August 2023, freezing the European economy as a whole, that falls into recession. The Purchasing Managers Index…
Decline in business loans, Confcommercio: “Italy last in the Eurozone”
(Finance) – “Unfortunately, the slowdown in bank loans to businesses recorded in July is not surprising. A slowdown which, in this specific ranking – according to a report published today…
Eurozone ETFs growing in Q2 2023
(Finance) – In second quarter of 2023 the outstanding amount of shares/units issued by investment funds other than money market funds stood at 15.302 billion euros. This was stated by…
Eurozone, jump in the trade balance surplus in June
(Finance) – The trade balance of the Eurozone in the month of June 2023by registering a surplus of 23 billion euros, compared to the red of 0.3 billion in May…
Eurozone, industrial production better than expected in June
(Finance) – The industrial production in the Eurozone came out stronger than expected a June 2023. According to reports from the Statistics Institute of the European Union (Eurostat), output increased…
Unexpectedly strong industrial figures from the eurozone
According to Bloomberg, analysts on average had expected an unchanged industrial production in June after the increase of 0.2 percent the month before. At an annual rate, industrial production fell…
Eurozone manufacturing sector drops to 38-month low
July eurozone economic output fell at the fastest rate in eight months, signaling a weak start to the third quarter. The worsening of the indicators that anticipate future trends such…
Eurozone, the incidence of debt and deficit decreases in the 1st quarter
(Tiper Stock Exchange) – The incidence of public debt in the Eurozone economy is reduced in the first quarter of 2023, with a debt-to-GDP ratio which reached the 91.2% vs.…
Eurozone current account surplus increases in May
(Finance) – In May, the current account balance of the Euro Area closed with a surplus of 9.1 billion euros, a significant improvement compared to the surplus of 4 billion…