Eurozone Trade Surplus Increases In September
The euro area trade surplus increased notably in September as exports to the United States surged ahead of the presidential election in November that saw Donald Trump winning the race. The trade surplus rose to EUR 12.5 billion in September from EUR 9.8 billion in the same period last year, data from Eurostat showed Monday.
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Eurozone Inflation Accelerates To 2.3%
Euro area inflation climbed for a second straight month in November, while the core figure was unchanged, making way for a cautious interest rate cut by the European Central Bank next month.
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ECB Cuts Deposit Rate To 3.00%
The European Central Bank lowered its key interest rate by 25 basis points again, in line with economists' expectations, as policymakers assessed that the disinflation process is on track though growth concerns remain. The Governing Council, led by ECB President Christine Lagarde, cut the key policy rate - the deposit rate - by a quarter-basis point to 3.00 percent on Thursday.
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Spain Inflation Climbs To 3.0%, Highest In 7 Months
Spain's consumer price inflation accelerated further in January to the highest level in seven months amid an increase in fuel costs. Consumer price inflation rose more-than-expected to 3.0 percent in January from 2.8 percent in November. Prices were forecast to climb 2.9 percent. The EU harmonized inflation also advanced to a 6-month high of 2.9 percent from 2.8 percent.
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German Inflation Unexpectedly Eases In January
Consumer price pressures in Germany slowed unexpected at the start of the year amid a sharp slowdown in food inflation, offering some relief for the European Central Bank that lowered interest rates a day earlier and plan to continue easing to boost the single currency economy that came to a standstill in the final three months of 2024.
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French Inflation Falls Below 1% As Estimated
France's inflation fell below 1 percent for the first time since early 2021, as initially estimated in February, final data from the statistical office INSEE showed on Friday.
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German Inflation Confirmed At 2.3%
Consumer price inflation in Germany held steady in February as initially estimated. The consumer price index rose 2.3 percent year-on-year in February, the same as in January. That was in line with the flash data published on February 28. Food inflation rose to 2.4 percent from 0.8 percent, while costs for energy products were 1.6 percent cheaper compared to last year.
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Eurozone Inflation Eases As Estimated
Eurozone inflation slowed in March, as initially estimated, as energy prices declined for the first time in four months and services inflation softened for the third straight month. The harmonized index of consumer prices climbed 2.2 percent on a yearly basis in March, slightly slower than the 2.3 percent rise in February, final data from Eurostat showed on Wednesday.
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Eurozone Consumer Confidence Weakens More Than Expected
Euro area consumer sentiment eroded for a second month in a row in April to its lowest level in one-and-a-half years, survey data from the European Commission showed on Tuesday.
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German ZEW Investor Confidence Rebounds In May
German investor confidence rebounded in May as the formation of new government as well as the progress in the tariff disputes strengthened expectations, a survey published by the think tank ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment climbed sharply by 39.2 points to 25.2 in May. However, the assessment about the current economic situation remained deep in the negative terri
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