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  • James Boston

    The European construction industry has taken a step backward according to the latest figures released by Eurostat. The key year on year Construction Output figure for the Eurozone has contracted -2.3% compared to the 3.5% growth that the sector produced last month, there was no consensus estimate available but one survey projected this metric to

  • Eurozone stocks reacted very positively to the ECB decision to lower short-term rates and offering funds to banks to lend to smaller Euro companies. EMU Index iShares (NYSEARCA:EZU) surged to a new high late in the week. Eurozone stocks did even better than the U.S. For the week, the EZU gained 1.8% versus a 1.3%

  • Forex » Eurozone PMI on deck
    April 22, 2014, 16:10 GMT

    Last month’s PMI data pointed to a mixed outlook for the Eurozone economy, which continues to struggle with near record-high unemployment and regional imbalances. Wednesday marks the release of key Eurozone PMI data courtesy of Markit Group. Economists forecast the Eurozone economy to be largely unchanged this month, a sign recovery was still in its

  • Consumer inflation in the Eurozone fell further below target in February, a sign deflationary pressures still threaten to undermine recovery in the 18-nation currency bloc. Eurozone consumer inflation rose 0.7 percent annually in February, according to a revised estimate from the European Commission. The so-called core measure, which excludes volatile goods such as food, energy,

  • Industrial output in the Eurozone fell sharply in December, a sign the currency region continues to struggle in its recovery efforts. Eurozone industrial production in December declined at a faster pace than forecast, the European Commission’s statistics branch showed today. The sharp decrease followed a gain of 1.6 percent in November. On an annualized basis,

  • The Eurozone manufacturing industry expanded at the sharpest rate in 32 months, as strong output in Germany and a return to growth in Greece led the currency bloc’s nascent recovery. Markit Group’s gauge of Eurozone manufacturing activity rose in January from 52.7 to 54, beating estimates. A reading above 50 signifies expansion in the manufacturing