Eurozone, ECB and Inflation
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GDP increased 0.2% in the third quarter, up from the 0.1% rise in the second, as the 20-nation economy adjusted to higher U.S. tariffs.
Eurozone inflation dipped to 2.1 per cent in October, hovering above the European Central Bank’s 2 per cent target for the second month in a row. Friday’s flash estimate of the annual inflation figure for October was in line with economists’ forecast in an LSEG poll and below the 2.2 per cent recorded in the previous month.
Energy price developments have resulted in a tick down in headline inflation, while core inflation remains at 2.4%. Read more here.
The euro area economy grew 0.2% in the third quarter of this year, exceeding market expectations, according to preliminary data released Thursday by Eurostat. The figure followed a 0.1% expansion in the previous quarter, which is what economists had forecast again for the July to September period.
GDP continues to show modest growth in the eurozone, as GDP growth of 0.2% was slightly better than anticipated. The mood about the economy seems decently optimistic at the moment, despite ample downside risks clearly weighing on the outlook.
For the eurozone, optimism remains. Separate releases Thursday revealed that economic confidence rose more than expected this month, while unemployment remained near a record low.
Decline in energy prices accelerates to 1% in October, while services, and food, alcohol, and tobacco prices continue to drive inflation up - Anadolu Ajansı
The eurozone economy grew slightly faster than anticipated in the third quarter of the year, official data showed Thursday, buoyed
The eurozone PMI beat expectations, rising from 51.2 in September to 52.2 in October, a 17-month high. The strong rebound in Germany made a significant contribution, but there was also robust activity outside the two largest economies,
The iShares MSCI Eurozone ETF (EZU) outperforms in 2024, but faces risks ahead. Read here for a comparison analysis of EZU and VGK ETFs.