Euro Area Jobless Rate Eases To 6.2% As Expected

RTTNews | 10 dias atrás
Euro Area Jobless Rate Eases To 6.2% As Expected

(RTTNews) - Eurozone unemployment rate fell for the first time in four months in April, in line with expectations, preliminary data from the statistical office Eurostat showed on Tuesday.

The seasonally adjusted jobless rate dropped to 6.2 percent from 6.3 percent in March. The latest rate was the lowest since December when it was at the same level.

The jobless rate had remained at 6.3 percent since January, and it was 6.4 percent in April 2024.

The EU unemployment rate was 5.9 percent in April, unchanged from March. In the same month a year ago, the rate was 6.0 percent.

The youth jobless rate, which applies to those under the age of 25, fell to 14.4 percent from 14.8 percent in the euro area. The corresponding rate for the EU dropped to 14.8 percent from 15.0 percent.

The number of jobless people in Eurozone totaled 10.68 million in April, down 207,000 from the previous month and by 343,000 persons from the same month last year.

The number of unemployed in the EU was 12.90 million in April, down by 188,000 persons from March and by 217,000 persons from a year ago.

In the euro area, the number of young jobless was 2.27 million in April, down 74,000 persons from March and by 16,000 persons from last year.

The number of youth unemployed was 2.859 million in the EU, lower by 57,000 persons from March and by 19,000 from April 2024.

Marcadores : EUR
read more
Eurozone Trade Surplus Declines To 3-Month Low

Eurozone Trade Surplus Declines To 3-Month Low

Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
RTTNews | 5h 45min atrás
Eurozone Industrial Output Falls For First Time In Four Months

Eurozone Industrial Output Falls For First Time In Four Months

Eurozone industrial production declined for the first time in four months in April as the positive impulse from frontloading of orders from the US faded, official data revealed Friday. Industrial output registered a monthly fall of 2.4 percent in April, offsetting March's 2.4 percent increase, Eurostat said. Production was forecast to drop 1.6 percent.
RTTNews | 7h 48min atrás
ECB Indicator Shows Eurozone Wage Growth To Slow Sharply To 3.1% This Year

ECB Indicator Shows Eurozone Wage Growth To Slow Sharply To 3.1% This Year

A measure, based on the collective bargaining agreements in the euro area, suggested that negotiated wage growth is set to ease significantly this year, the European Central Bank said on Wednesday, which adds to expectations of inflation staying near the 2 percent target.
RTTNews | 2 dias atrás
Eurozone Investor Confidence Strongest In A Year: Sentix

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.
RTTNews | 3 dias atrás
Eurozone GDP Growth Accelerates To 0.6%

Eurozone GDP Growth Accelerates To 0.6%

The euro area economic growth doubled in the first quarter on household spending, investment and exports, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.6 percent in the first quarter, which was faster than the initial estimate of 0.3 percent, Eurostat said. This followed a 0.3 percent rise in the fourth quarter of 2024.
RTTNews | 7 dias atrás
German Industrial Output Drops; Exports Fall

German Industrial Output Drops; Exports Fall

German industrial production declined more than expected in April as the temporary boost from the frontloading of orders ahead of the US tariff hikes faded, data from Destatis revealed on Friday. Another data showed that Germany's trade surplus declined in April as exports to the US logged a double-digit decline amid a notable growth in imports. Industrial output declined 1.4 percent.
RTTNews | 7 dias atrás
ECB Cuts Interest Rates By 25 Bps As Inflation Forecasts Lowered

ECB Cuts Interest Rates By 25 Bps As Inflation Forecasts Lowered

The European Central Bank slashed its interest rates by 25 basis points on Thursday, in line with expectations, while the staff trimmed the euro area price growth projections for this year and next citing prospects of energy prices and stronger euro going forward.
RTTNews | 7 dias atrás
German Manufacturing Orders Rise Unexpectedly

German Manufacturing Orders Rise Unexpectedly

German manufacturing orders increased in April confounding fears that higher tariffs by the US administration would hit the factory sector, official data revealed Thursday. Factory orders rose 0.6 percent month-on-month in April, following a revised 3.4 percent rise in March, Destatis said. This was the second consecutive month of growth. Orders were expected to fall 1.0 percent.
RTTNews | 8 dias atrás