Euro-Zone Economic Growth Slows in Q4
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The growth of the euro-zone economy slowed in the final quarter of 2004 as Germany, the Netherlands, Italy and Greece each experienced a contraction in output, European Union data showed Tuesday.
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The U.S. economy grew slightly better than first estimated in the first quarter, but still at the weakest pace in more than four years and inflation grew as well, data on Thursday showed.
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Industrial production in the eurozone  falls by 0.4% in June from May, with Germany registering the biggest fall.
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Growth of the German economy is set to halve in the fourth quarter of this year from third-quarter performance mainly because of a slowdown in the construction sector, a top economic think-tank has said.
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The German economy shrank by 0.2 percent in the last three months of 2004, a preliminary estimate by the federal statistics office, Destatis, shows, confirming a slowdown in activity in the eurozone's biggest economy in the second half of last year.
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FRANKFURT The German economy slowed in the third quarter, the government said Thursday, amid signs that the rise in the euro is taking a toll on exports.
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Housing data and a gauge of business  spending in June released on Thursday signaled slower U.S.  economic growth ahead, leading many to believe the Federal  Reserve is less likely to raise interest rates next month.
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The Index of Leading Economic Indicators, a widely watched barometer of future economic activity, edged lower in September for the fourth month in a row, indicating a slowing in economic growth, a private research group reported Thursday.
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Following the slump in manufacturing orders in Germany in November, industrial output also fell sharply in the eurozone's biggest economy in the same month, suggesting that German growth as a whole likely remained weak in the fourth quarter.
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A widely watched barometer of future economic activity edged lower in September for the fourth month in a row, suggesting a slowing in economic growth, a private research group reported Thursday.
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The euro sank to a near-three week low  against the dollar and stocks eased on Wednesday after data  showed sluggish growth in euro zone services.
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Industrial production in the 12-nation eurozone rose 0.4 percent in July from June and was up 2.4 percent compared with July 2003, the European statistics office Eurostat reported.
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WASHINGTON -- The economy grew at a sluggish 2.2 percent pace in the final quarter of last year, much slower than initially thought as businesses tightened their belts amid fallout from the troubled housing and automotive industries.
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Germany s economy, Europe s largest, grew at the slowest pace in more than a year in the third quarter as exports declined and an increase in domestic demand failed to make up the difference.
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LONDON, October 26  - The European Commission has reduced its growth forecasts for the Eurozone economy for 2005, saying that the elevated oil prices and a continued rally in the euro would adversely impact the economy next year.
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BRUSSELS - European economic growth slowed sharply in the third quarter due to the strength of the euro and high oil prices, casting a pall over the prospects for the eurozone in the quarters ahead.
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Fears of an economic slowdown in Europe deepened on Friday, after the release of weaker-than-expected data and another record in the euroâs relentless rise against the dollar.