Eurozone industrial production rises 0.9 percent in August, sustaining recovery hopesOctober 14th, 2009 Euro industry output rises 0.9 percent in AugustBRUSSELS — Industrial output in the 16 nations that use the euro rose 0.9 percent in August from a month earlier, the EU statistics agency said Wednesday, suggesting the region's economy is recovering gradually. Higher production of durable consumer goods, including household appliances, was the main force behind the monthly climb, Eurostat said.
US stocks gain on Bernanke optimism, retail salesSeptember 15th, 2009 NEW YORK - US stocks climbed to new highs for 2009 as retail sales gained by the most in three years and Federal Reserve Chairman Bernanke said the country's recession was "very likely" at an end. Bernanke said there was general agreement among economists that the US would return to growth in the third quarter of this year and continue to pick up in 2010.
EU says household spending lifted euro-zone economy in the second quarterSeptember 2nd, 2009 Spending lifts euro economy in 2QBRUSSELS — Higher household spending supported the euro zone economy in the second quarter, the European Union statistics agency said Wednesday, in another upbeat sign for growth prospects. Eurostat confirmed an earlier estimate that the economy of the 16 nations that use the euro shrank by just 0.1 percent quarter-on-quarter, far less severely than officials had forecast, due to growth in the two biggest euro nations Germany and France.
Euro zone sees disinflation for 3rd consecutive month, prices fall more slowly in AugustAugust 31st, 2009 Euro zone prices fall again in AugustBRUSSELS — Euro zone prices fell more slowly in August from a year ago, a sign that the worst of the economic downturn may be over, the EU statistics agency Eurostat said Monday. Inflation in the 16 countries that use the euro stayed negative for the third consecutive month in August as prices shrank 0.2 percent, far less than an 0.7 percent drop in July.
European business, consumer sentiment edges up in August but still remains weakAugust 28th, 2009 European business, consumer confidence up againLONDON — Business and consumer confidence in the 16-nation euro zone increased again in August, official data showed Friday, suggesting the region is slowly recovering from one of the worst economic downturns in decades. Eurostat, the European Union's statistics agency, said its measure of business sentiment for the euro-zone rose to -2.21 points in August from -2.70 points the previous month.
Data suggest Europe, Asia improving; China leader cautions world economy faces 'difficulties'August 24th, 2009 Data suggest Europe, Asia looking upLONDON — Economic data gave more evidence Monday that Europe and Asia are on the mend, while a top Chinese leader cautioned against blind optimism and said the world economy still faced "many new difficulties."
Figures from the European Union statistics office Eurostat showed that industrial orders in the 16 countries that use the euro rose 3.1 percent in June from the quarter before, suggesting the manufacturing sector could be emerging from recession. New orders — a key gauge of industry's future growth — rose in both France and Germany, as well as Ireland, which has been among the hardest-hit by the global economic crisis.
Euro area contracted only 0.1 percent in Q2 after unexpected growth in Germany, FranceAugust 13th, 2009 Euro area economy contracted only 0.1 pct in Q2LONDON — The recession in the 16 countries that use the euro eased substantially between April and June after unexpected growth in Germany and France, the euro zone's two largest economies, official figures showed Thursday. The European Union's statistics office Eurostat revealed that the euro zone's gross domestic product fell by only 0.1 percent in the second quarter from the previous three month period.
Oil jumps above $70 in Asia on investor optimism that economic recovery will fuel demandAugust 3rd, 2009 Oil jumps above $70 on optimism demand to recoverLONDON — Oil prices leapt above $71 a barrel Monday on mounting investor hopes that a recovering global economy will boost crude demand. Benchmark crude for September delivery was up $1.86 to $71.31 a barrel by late morning London time in electronic trading on the New York Mercantile Exchange.
Optimistic for the economy, Greenspan says no need for Fed to consider interest rate boostAugust 2nd, 2009 Greenspan says no need yet to raise interest ratesWASHINGTON — Former Federal Reserve Chairman Alan Greenspan says he doesn't think the Fed should be considering raising interest rates to ward off inflation — at least not yet. Greenspan says the Fed will have to rein in credit and raise rates at some point.
EU says euro business and consumer confidence surges in July to highest levels since NovemberJuly 30th, 2009 Euro economy confidence hits 8-month highBRUSSELS — Business and consumer confidence in the 16 nations that use the euro surged in July to the most optimistic levels since November, the EU statistics agency Eurostat said Thursday. The level of the survey — at 76 in July from 73.2 in June — is still far below the long-term average and industrial activity remains weak as factories lie idle, the agency warned.
EU says plunging oil prices are behind euro-zone's first ever negative inflation rate in JuneJuly 15th, 2009 EU: plunging oil price behind June disinflationBRUSSELS — Plunging oil prices sent euro-zone inflation negative in June, the EU statistics agency Eurostat said Wednesday. It confirmed a June 30 estimate that the 16 nations that use the euro saw prices contract 0.1 percent in the year to June — the first month the region has experienced disinflation since the euro launched in 1999.
US stocks rally on rising economic optimismMay 30th, 2009 NEW YORK - Wall Street's major stock indices jumped Friday as raw-materials producers, banks and transportation companies all benefited from growing confidence that the world economy is regaining momentum. Winning listings outnumbers losers by 3-to-1 during Friday trading.
Euro-zone jobless rate surges to 8.9 percent in March as April inflation stays at 0.6 percentApril 30th, 2009 Euro jobless rate surges, inflation stableBRUSSELS — The jobless rate in the 16 nations that use the euro surged to 8.9 percent in March, the highest level in nearly five years, the EU statistics office said Thursday. Unemployment is rising steeply despite recently higher business and consumer optimism about their recession-hit economy.
Private research group says consumer confidence soars in April amid hopeful economic signsApril 28th, 2009 Consumer confidence soars in AprilNEW YORK — A private research group says that consumer confidence soared in April amid hopeful signs that the economy is starting to stabilize. The Conference Board says that its Consumer Confidence Index rose 12 points to 39.2, up from a revised 26.9 in March.
Euro nearly unchanged against dollar at $1.3024 despite dour predictions about German economyApril 23rd, 2009 Euro nearly unchanged against dollar at $1.3024FRANKFURT — The euro was nearly flat against the dollar Thursday despite news that Germany's economy, Europe's largest, was expected to shrink more than 5 percent this year. The 16-nation euro bought $1.3024 in European morning trading, slightly up from the $1.3017 late Wednesday in New York.
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