Euro Area Economic Calendar

Economy of Euro Area

The eurozone, often known as the euro area, is a geographical and economic territory comprised of European Union member states that have adopted the Euro as their official currency.

In 1998 with the official launch of the Euro, the Eurozone came into being.

On January 1st, 2002, the physical Euro banknotes and coins were introduced, after a brief transition period, all their pre-euro national coins and banknotes were withdrawn from circulation and rendered invalid.

As of 2023, the Eurozone is formed of 19 European Union countries: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain.

The Eurozone is one of the biggest economic areas in the world, and the Euro is thought to be one of the most liquid currencies.

Not all EU countries are part of the Eurozone for different reasons. Some countries in the EU haven't yet met the requirements to join the Eurozone. Other countries choose to use their own currency so they can stay financially independent when it comes to important economic and monetary issues.

Even though some countries are not part of the EU, they have made the euro their national currency. The EU has monetary agreements with Vatican City, Andorra, Monaco, and San Marino that give them the right to issue their own euro currency, as long as they follow certain regulations.

Bank of Euro Area

The European Central Bank (ECB) and the Eurosystem, which consists of the ECB and the central banks of the EU states that have joined the eurozone, coordinate the monetary policy of all nations in the eurozone. The ECB has the authority to sanction the design and issuing of euro banknotes and coins.

All EU members are a part of the European System of Central Banks (ESCB), but non-member governments, including those with monetary agreements like Monaco, have no voice in any of the three organizations.

Interest Rate of Euro Area

The European Central Bank's Governing Council determines the benchmark Interest Rate for the Eurozone, which is the rate of the principal refinancing operations. The primary objective of the ECB's monetary policy is to maintain price stability over the medium term, which includes keeping inflation below but near 2%.

Euro Area Economic Calendar

Jul 09, 10:45
EUR ECB Lane Speech
Low
Jul 09, 11:00
EUR ECB Guindos Speech
High
Jul 10, 07:00
11h 37min
EUR ECB Cipollone Speech
Low
Jul 11, 11:30
1 day
EUR ECB Cipollone Speech
Low
Jul 15, 09:00
5 days
EUR Industrial Production YoY (May)
Low
0.8%
1%
Jul 15, 09:00
5 days
EUR Industrial Production MoM (May)
Medium
-2.4%
0.8%
Jul 15, 09:00
5 days
EUR ZEW Economic Sentiment Index (Jul)
Medium
35.3
30
Jul 16, 09:00
6 days
EUR Balance of Trade (May)
Medium
€9.9B
€11.5B
Jul 17, 09:00
7 days
EUR Inflation Rate YoY (Jun)
Low
1.9%
2%
Jul 17, 09:00
7 days
EUR CPI (Jun)
High
128.71
129.07
Jul 17, 09:00
7 days
EUR Inflation Rate MoM (Jun)
Low
0%
0.3%
Jul 17, 09:00
7 days
EUR Core Inflation Rate YoY (Jun)
Low
2.3%
2.3%
Jul 18, 08:00
8 days
EUR Current Account (May)
Low
€19.3B
€15.1B
Jul 18, 08:00
8 days
EUR Current Account s.a (May)
Low
€19.8B
€17.5B
Jul 18, 09:00
8 days
EUR Construction Output YoY (May)
Low
3%
2.7%
Jul 24, 08:00
14 days
EUR HCOB Composite PMI (Jul)
Medium
Jul 24, 08:00
14 days
EUR HCOB Services PMI (Jul)
High
Jul 24, 08:00
14 days
EUR HCOB Manufacturing PMI (Jul)
High
Jul 24, 12:15
14 days
EUR Deposit Facility Rate
High
Jul 24, 12:15
14 days
EUR Marginal Lending Rate
Low
Jul 24, 12:15
14 days
EUR ECB Interest Rate Decision
High
Jul 24, 12:45
14 days
EUR ECB Press Conference
High
Jul 25, 08:00
15 days
EUR Loans to Households YoY (Jun)
Low
2.1
Jul 25, 08:00
15 days
EUR ECB Consumer Inflation Expectations (Jun)
Low
3.4
Jul 25, 08:00
15 days
EUR M3 Money Supply YoY (Jun)
Low
Jul 25, 08:00
15 days
EUR Loans to Companies YoY (Jun)
Low
Jul 30, 09:00
20 days
EUR Consumer Confidence (Jul)
Low
Jul 30, 09:00
20 days
EUR Economic Sentiment (Jul)
Medium
Jul 30, 09:00
20 days
EUR Industrial Sentiment (Jul)
Low
Jul 30, 09:00
20 days
EUR Services Sentiment (Jul)
Low
Jul 30, 09:00
20 days
EUR Selling Price Expectations (Jul)
Low
Jul 30, 09:00
20 days
EUR GDP Growth Rate YoY (Q2)
High
0.7
Jul 30, 09:00
20 days
EUR GDP Growth Rate QoQ (Q2)
High
0.1
Jul 30, 09:00
20 days
EUR Consumer Inflation Expectations (Jul)
Low
Jul 31, 09:00
21 days
EUR Unemployment Rate (Jun)
High
6.5
Aug 01, 08:00
22 days
EUR HCOB Manufacturing PMI (Jul)
High
Aug 01, 09:00
22 days
EUR Core Inflation Rate YoY (Jul)
Medium
Aug 01, 09:00
22 days
EUR Inflation Rate YoY (Jul)
High
Aug 01, 09:00
22 days
EUR Inflation Rate MoM (Jul)
Medium
Aug 01, 09:00
22 days
EUR CPI (Jul)
High
Aug 05, 08:00
26 days
EUR HCOB Composite PMI (Jul)
Low
Aug 05, 08:00
26 days
EUR HCOB Services PMI (Jul)
High
Aug 05, 09:00
26 days
EUR PPI YoY (Jun)
Low
0.2
Aug 05, 09:00
26 days
EUR PPI MoM (Jun)
Low
0.2
Aug 06, 07:30
27 days
EUR HCOB Construction PMI (Jul)
Low
Aug 06, 09:00
27 days
EUR Retail Sales YoY (Jun)
High
0.1
Aug 06, 09:00
27 days
EUR Retail Sales MoM (Jun)
High
-0.7

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