New Data Shows Slowdown in Euro-Zone Growth
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New data shows third-quarter slowdown in euro-zone growth
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Economic growth in the 12 nations sharing the euro probably slowed in the third quarter as record oil prices crimped global demand and rising unemployment weighed on consumer spending, a survey of economists ...
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The euro zone continues to experience a jobless recovery, with no indication that new jobs are being created after more than a year of generally sluggish economic growth.
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US economic growth slowed more than expected in the second quarter of 2006, revised official data says.
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The euro edged lower against the dollar on Friday after weaker-than-expected euro zone manufacturing data for September dragged the currency from a fresh record high.
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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.
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Eurozone economic chiefs on Monday looked on the bright side of recent &quot;worrisome&quot; data, insisting that the 12-country single currency area was still on course for growth of 2 per cent in 2005.
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The slowdown in economic growth seen in the 12-country eurozone in the third quarter of this year is only "temporary," the European Central Bank's chief economist Otmar Issing said in a newspaper interview.
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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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Further evidence has been published that house prices are slowing down in England and Wales.
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BusinessWeek Online - Euro zone property markets have started to cool as a result of the European Central Bank&#39;s rate policy. The latest annual data, published in the ECB&#39;s May monthly report, show that euro zone house prices rose 6.0% year over year in the second half of 2006, down from 6.9% year over year in the first half. This means 2006 property price inflation slowed to 6.4% from 7.9% in 2005. The 12-country average conceals a certain amount of heterogeneity, but it appears that most countries saw moderation.
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Eurozone economic growth slowed in the three months to the end of September, revised official figures show.
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Annual inflation in the 12 nations sharing the euro slipped to 2.3 percent in August from 2.4 percent in July, the European Union's Eurostat data agency said in a first estimate.
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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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Euro zone manufacturing expanded at its slowest pace in seven months in September, as the global economic slowdown knocked demand for exports and high oil prices inflated firms&#39; costs, a survey of some 3,000 firms showed.
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The slowdown may signal that the economy is shifting down a notch from its unexpectedly robust pace of growth at the end of last year.
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Eurozone figures to be released this week should show business confidence beginning to slide again owing to concern over slowing growth and the strong euro, economists said.