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 industrial orders rise 3.1 percent in June from May, down in wider EUAugust 24th, 2009 Euro zone industrial orders rise in JuneLONDON — Industrial orders in the 16-nation euro zone rose 3.1 percent in June from the quarter before, official data showed Monday, suggesting the manufacturing sector could be emerging from recession. The European statistics agency Eurostat said new orders — a key gauge of industry's future growth — rose in both France and Germany, which emerged from recession in the second quarter, as well as Ireland, which has been among the hardest-hit by the global economic crisis.
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 economy stabilized in August as optimism soarsAugust 21st, 2009 Euro area economy stabilized in AugustLONDON — Further evidence emerged Friday that the 16 countries using the euro are on the verge of growing again following the most savage recession since the Second World War. Financial information company Markit said mounting optimism helped its composite purchasing managers' index — a broad gauge of business activity — for the euro zone rise by a record three points in August to 50.
Economic gloom lifting in Europe, surveys showAugust 21st, 2009 BERLIN - The economic gloom which descended on Europe over the last 12 months is slowly continuing to lift, with key surveys released Friday showing industry confidence gaining ground this month. The economics research group Markit said its composite purchasing managers' index (PMI) for the 16-member eurozone showed the currency bloc's economy edging its way towards expansion this month after posting its seventh consecutive rise.
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.
Euro-zone retail sales fall 0.2 percent in JuneAugust 5th, 2009 Euro retail sales fall 0.2 pct in JuneBRUSSELS — The European Union says retail sales in the 16 nations that use the euro fell 0.2 percent in June from a month earlier, showing that consumers are wary of spending as unemployment hits a 10-year high. Shoppers cut back spending both on daily essentials such as food, drink and tobacco and on non-food items such as clothing, electronics and medicines.
Euro-zone inflation goes negative for second month, unemployment rises to 10-year highJuly 31st, 2009 Euro-zone prices fall as unemployment risesBRUSSELS — Falling prices and rising unemployment in the 16 nations that use the euro show an economy still mired in recession despite recent green shoots of recovery, according to EU statistics published Friday. Euro-zone consumer prices fell for a second month in July as the June jobless rate rose to a 10-year high to 9.4 percent, the EU statistics agency Eurostat said.
Euro-zone inflation rate goes negative for second straight month in JulyJuly 31st, 2009 Euro-zone prices fall for second monthBRUSSELS — The EU statistics agency says euro-zone consumer prices fell 0.6 percent in July from a year ago. Lower demand for energy and other goods has caused prices to plunge in the region, according to figures released Friday.
Euro zone surveys point to smaller economic contraction in JulyJuly 24th, 2009 Euro zone surveys point to easing recessionLONDON — The 16 countries that use the euro saw activity in services and manufacturing contract far less than expected in July, a closely-watched survey showed Friday, in another sign the European economy may be stabilizing after a steep drop earlier in the year. Financial information services company Markit said its purchasing managers index — a broad gauge of business activity — for the services sector rose to 45.6 in July from June's 44.7.
EU says nearly 1 in 5 young Europeans can't find work as recession deepensJuly 23rd, 2009 Nearly 1 in 5 young Europeans out of workBRUSSELS — Nearly one in five young Europeans could not find a job in the first three months of this year as the region sank into the worst recession in 60 years, the EU statistics agency Eurostat said Thursday. Some five million workers aged between 15 and 24 cannot find a job, it said.
Euro zone retail sales down 0.4 percent in May as consumers remain reluctant to spendJuly 3rd, 2009 Euro zone retail sales down 0.4 percent in MayLONDON — Retail sales fell in May in the 16 countries that use the euro, in a further sign that consumers aren't optimistic about their future in the midst of a deep and widespread recession. Eurostat, the EU's statistics office, says retail sales in the euro zone fell by 0.4 percent from the previous month.
EU, euro-zone business and consumer confidence climbs in June but still at low levelsJune 29th, 2009 European economic confidence climbsBRUSSELS — European business and consumer confidence climbed for the third month in a row in June but still languished near its lowest point in two decades, the European Commission said Monday. It said the main players in the economy "seem to be gaining confidence that the crisis is easing" as industrial and services companies expect to be employing more people in future and consumers are worrying less about losing their jobs.
Euro zone industrial output slumps 1.9 percent in April, down record 21.6 percent over yearJune 12th, 2009 Euro zone industrial output slumps in AprilLONDON — Industrial production in the 16 countries that use the euro slumped in April, official figures showed Friday, stoking fears that the euro zone remains in the grip of recession despite signs elsewhere that a recovery of sorts may be underway. The European Union's statistics office Eurostat said a 1.9 percent drop in April — the eighth consecutive monthly fall — pushed the annual rate of decline down to a record 21.6 percent.
Euro zone industrial output shrinks 2 percent in March, double market expectationsMay 13th, 2009 Euro zone industrial output shrinks 2 pct in MarchLONDON — The 16 countries that use the euro currency saw industrial output shrink by 2 percent in March from the previous month, pushing the annual rate of decline to a new record, the EU's statistics office said Wednesday. The drop was far bigger than expected.
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