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Latest Articles in euro zone

Euro Zone Fourth-Quarter GDP Falls Less Than Earlier Estimated

The European Union's statistics office Eurostat said GDP in the 19 countries sharing the euro contracted 0.6% quarter-on-quarter in the October-December period, for a 5.0% year-on-year fall.

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Euro Zone Inflation Rebounds More Than Expected In January

Volatile energy prices rose 3.8% month-on-month in January, Eurostat estimated, but were still 4.1% lower than a year earlier, while also volatile unprocessed food prices went up 1.1% on the month and 1.9% year-on-year.

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Euro Zone GDP Falls Less Than Expected At End Of 2020

The European Union's statistics office Eurostat said that according to its preliminary flash estimate, gross domestic product in the 19 countries sharing the euro fell by 0.7% quarter-on-quarter, for a 5.1% year-on-year decline.

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Euro Zone Economies' Plucky Fourth-Quarter Belies Troubled Growth Outlook

The euro zone's second-largest economy, shrank 1.3% in the final three months of 2020 after the country entered a second coronavirus lockdown in October to contain a second wave of infections.

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Euro Zone Unemployment Rate Surprises With November Decline

The European Union's statistics office Eurostat said on Friday that the jobless rate fell to 8.3% in November from 8.4% in October.

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Euro Zone Contraction Deeper Than Thought In December As Lockdowns Bite - PMI

IHS Markit's final December Composite Purchasing Managers' Index (PMI), seen as a good gauge of economic health, did rise to 49.1 from November's 45.3 but was significantly below a flash reading of 49.8.

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Euro Zone Manufacturing Ends 2020 On High As German Factories Hum - PMIs

IHS Markit's final Manufacturing Purchasing Managers' Index (PMI) rose to 55.2 in December from November's 53.8, although that was below the initial 55.5 "flash" estimate.

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Euro Zone Investor Morale Surges On Vaccine Hopes - Sentix

Sentix's index for the euro zone rose to -2.7 from -10.0 in November. A Reuters poll had pointed to a reading of -8.3.

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Euro Zone Inflation Confirmed Negative In October On Weak Energy

Inflation in the 19 countries sharing the euro was plus 0.2% month-on-month in October for a 0.3% year-on-year fall, the same annual decline as in September and in line with the initial estimates released at the start of November.

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Euro Zone Economic Recovery Floundered In September As Services Struggled

The European Central Bank plans to make 1.35 trillion euros of pandemic-related additional asset purchases and the European Union has announced a 750 billion euro recovery fund due to kick in next year.

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Euro Zone Economic Recovery Loses Momentum In August

Inflation turned negative last month for the first time since May 2016, official data showed on Tuesday, and the composite output price index remained below the 50 line at 48.5.

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Euro Zone Business Recovery Stuttered In August - PMIs

An index measuring new business dropped to 51.4 from 52.7 and once again some of August's activity was derived by businesses completing backlogs of work.

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Euro Zone Retail Sales Return To Pre-Pandemic Levels

The increase in sales was smaller than the 5.9% forecast by economists polled by Reuters, but that was largely offset by an upward revision of May sales.

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Euro Zone Business Activity Returns To Growth In July As Lockdowns Loosen - PMI

Over 15 million people across the world have been infected by the coronavirus but as the rate of infections has eased across much of Europe, governments have loosened restrictions.

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Euro Zone Ministers Focus On Quick Options To Support Economy

The standby credit line from the European Stability Mechanism (ESM) could be up to 2% of the requesting country's GDP, be available for 12 to 24 months and, if drawn upon, have a maturity of 5-10 years.

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