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EUR Forex Nyheter
Eurozone Inflation Steady At 2% ECB Target
Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
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Eurozone Manufacturing Activity Moves Closer To Stagnation
The euro area manufacturing activity registered a broad stabilization in July as output continued to increase despite a fresh fall in new orders, purchasing managers' survey compiled by S&P Global showed on Friday. The HCOB final manufacturing Purchasing Managers' Index rose to a three-year high of 49.8 in July from 49.5 in June. The score matched the flash estimate.
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German Unemployment Rises In July
Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.
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Eurozone Jobless Rate Unchanged At 6.2%
The euro area unemployment rate remained stable in June despite slowing economic growth and challenging global trade situation, official data revealed on Thursday. The jobless rate came in at seasonally adjusted 6.2 percent, the same rate as seen in May and down from 6.4 percent in the same period last year, Eurostat said Thursday.
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Eurozone Economy Fares Better Than Expected In Q2
The euro area economy logged better-than-expected growth in the second quarter but the pace of expansion slowed markedly as the first quarter performance was inflated after U.S. importers frontloaded their orders to reduce the cost burden of higher tariffs. Gross domestic product grew 0.1 percent sequentially, after rising 0.6 percent in the first quarter, preliminary flash estimate from Eurostat.
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Eurozone Economic Confidence Rises To 5-Month High
Euro area economic sentiment improved to a five-month high in July largely driven by stronger confidence in industry, services and retail trade, survey data from the European Commission showed Wednesday. The economic sentiment index rose to 95.8 in July from 94.2 in the previous month. This was the highest reading since February and remained above forecast of 94.5.
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French GDP Growth Beats Expectations
The French economy logged a faster-than-expected growth in the second quarter on recovering household spending, official data showed Wednesday. Gross domestic product grew 0.3 percent from a quarter ago, the statistical office INSEE showed on Wednesday. The economy was expected to grow at a steady pace of 0.1 percent in the second quarter.
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Eurozone Consumers Lower 1-Year Inflation Expectation: ECB Survey
Euro area households' inflation expectations for the short-term eased in June while they medium to longer term forecasts for price growth were unchanged, survey data from the European Central Bank showed on Tuesday.
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German Business Sentiment Strongest In More Than A Year
German business confidence improved to the highest level in more than a year in July despite heightening trade tensions, survey results from the Munich-based ifo Institute showed on Friday. The business climate index registered 88.6 in July, up from 88.4 in the previous month. The reading was below forecast of 89.0 but the highest since May 2024.
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ECB Leaves Rates Unchanged As Expected
The European Central Bank held its key interest rates steady on Thursday, in line with expectations, as policymakers assessed that price pressures continue to ease, but acknowledged that the economic environment remains highly uncertain mainly due to the trade tariff wars.
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