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Euro area investor sentiment rose for a second month in a row to its highest level since June amid a strong improvement in both the assessment of the current situation and the outlook for the single currency bloc, survey data from the behavioral research institute Sentix showed Monday.
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Euro area jobless rate remained unchanged at a record low in November despite the economy moving closer to a recession, official data revealed Monday. The jobless rate came in at 6.5 percent, as expected, unchanged from October, the statistical office Eurostat said. This was notably down from 7.1 percent in the same period last year.
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Germany's producer price inflation eased for the third straight month in December to reach its lowest level in just over a year amid a moderation in energy prices, data from Destatis showed on Friday.
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The euro area economy posted an unexpected expansion in the fourth quarter, preliminary flash estimates released by Eurostat showed on Tuesday.
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The euro area unemployment rate rose slightly in June, data from Eurostat showed on Thursday.
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Business sentiment in Germany deteriorated for a third month in a row in August as companies judged their current situation as worse and turned more pessimistic regarding the outlook, survey results from the ifo Institute showed Monday. The ifo business confidence index fell to 86.6 from 87.0 in July. Economists had forecast the measure to drop to 86.0.
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Germany's factory orders declined at a faster-than-expected pace in August. Incoming new orders contracted 5.8 percent on a monthly basis in August, reversing July's upwardly revised 3.9 percent expansion. Orders were expected to fall 1.9 percent. Further, this was the steepest decline since January. Excluding large orders, new orders dropped 3.4 percent from July.
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Spain's unemployment rate edged down in the third quarter driven by the improvement in the service sector, the statistical office INE said Friday.
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Eurozone inflation accelerated more than expected in October on food and energy prices but it remained within the target of the European Central Bank, bolstering the case for a gradual monetary policy easing. Another official data showed that the euro area unemployment rate remained unchanged at a record low in September.
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Spain's factory sector expanded at the fastest pace in over two-an-a-half years in October, driven by significant growth in output and new orders amid an improvement in market demand, results of the latest purchasing managers' survey by S&P Global showed on Monday. The HCOB Spain manufacturing purchasing managers' index rose to 54.5 from 53.0 in September.
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