The eurozone economy shrank by 0.7% in the final quarter, compared with the previous three months. It meant the euro area’s economy shrank by a record 6.8% in 2020. Analysts now think the recovery will be slower, thanks in part to vaccine rollout problems. Sign up here for our daily […]
ECB left eurozone rates unchanged, but signalled it could provide extra support for the economy in December. “We’re not going to just stand still,” central bank president Christine Lagarde said at a press conference. The ECB’s Governing Council said it would recalibrate its monetary-policy instruments to respond to the second […]
Germany’s economy narrowly avoided recession in the third quarter, as GDP rose 0.1%. The European powerhouse economy declined in the second quarter 0.2%, so any further decline would put Germany in a technical recession. Consumption led the rise through household and government expenditure, according to official data. One economist said: […]
Germany’s economy has been stalling since the summer, but on Wednesday data from Germany’s statistics office showed signs of life. New manufacturing orders in September rose 1.3%, compared to a 0.4% fall in August. Much of this was led by domestic orders and also orders from outside of the eurozone. […]
Data released this weak is showing that Europe’s economy is slumping further. Manufacturing looks like it is in a technical recession and now services, once the remaining bright light, has fallen. All this points to a European recession, which will be exacerbated by Brexit and the US-China trade war. The […]
Europe’s economy just went from “bad to worse,” as manufacturing across the eurozone just hit its lowest level since October 2012. September’s PMI figure was 45.7, down from August’s figure of 47.0 adding to the continuous decline seen since the start of the year. IHS Markit said the figures indicated […]
JPMorgan in a note said that now is the time to move into European stocks. The bank’s equity strategists previously had favoured US stocks, but “now believe that that there is a tactical opportunity opening up for eurozone to catch up.” This comes despite obvious threats in the European economy, […]
The ECB’s Mario Draghi signalled any rate rises might be delayed after saying he sees “persistent deterioration of external demand,” in the economy. “There is probably a little more ECB dovishness to be priced in yet,” says Neil Wilson at Markets.com The Euro Stoxx 50, France’s CAC and the Dax […]
Output in Italy, Europe’s fourth-largest economy, contracted by 0.2% in the fourth quarter, on the heels of a 0.1% drop in the quarter before that, the Italian National Institute of Statistics, known as Istat, said on Thursday. That means Italy is officially in a recession, defined as two successive quarters […]
Manufacturing output in the Eurozone grew at the weakest pace in nearly four years in October. New analysis from Nordea Markets suggests it could soon start to decline based on leading indicators that have been reliable in the past. “This doesn’t bode too well for the momentum in growth heading […]
The number of foreign businesses looking to leave Britain as a result of Brexit is falling. Twelve per cent of Eurozone businesses with operations in the UK plan on “pulling all of their capacity out of the UK as a result of Brexit,” according to a survey from Swiss bank […]
LONDON -- As many as 15% of EU companies...
Deutsche Bank's annual Long-Term Asset Return...
European Central Bank President Mario Draghi...
LONDON -- The European Central Bank released...
Europe's economy is doing even better than...
The governing council of the European Central...
