Eurozone data to show growth based on exports, consumption weak
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Data to be released this week are expected to confirm that the eurozone's economic recovery is fueled by strong export demand, not consumption or investment, and that Britain's industrial sector is gaining steam, analysts said.
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France's economy slows by more than expected in the third quarter, the latest data to raise question marks over growth in the eurozone.
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With the euro hovering above $1.30 against the US dollar and the market consensus calling for even higher levels in the next 12 months or so, the likelihood of an economic slowdown in the eurozone next year ...
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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 - The European Central Bank has lowered its growth forecast for the eurozone economy this year to 1.8% from a previously projected 1.9%, and to 1.9% from 2.3% in 2005, sources close to the ECB said.
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Investor's Business Daily - That&#39;s a little softer than the prior reading of 4% and estimates for a 3.9% annual rate. But it&#39;s still the best in a year. Net exports were a little weaker than prior estimates said. Still, trade and business investment offset another sharp drop in home building as well as sluggish consumer spending. Most economists expect slower 2nd-half growth as a credit crunch takes its toll on housing and other sectors.
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The euro EUR= made a renewed attempt  to test the key psychological level of $1.30 on Tuesday, but  lacked fundamental impetus and eased back after data showed a  dollar-friendly improvement in U.S. net capital inflows.
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Eurozone experts are growing increasingly cautious about the outlook for growth in the single currency area in the face of the anticipated slowdown of the global economy, a new poll conducted by the European ...
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Eurozone economic confidence sinks to a near two-year low as orders weaken and inflation stays high.
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French economic growth is expected to dip slightly to 2.1 percent this year from 2.2 percent in 2006, still well below the eurozone average, the national statistics institute INSEE said Friday.
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DUBLIN, Nov 15  - US Treasury Secretary John Snow said Monday the eurozone was growing &quot;below its potential,&quot; calling it &quot;negative&quot; for the global economy.
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The creation of the euro has brought economic stability to Europe but has yet to spark growth, as eurozone governments have failed to implement reforms, EU Economic and Monetary Affairs Commissioner Joaquin Almunia said.
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After a year in which the U.S. dollar fell 5 percent against the euro, the sharply weaker currency isn't expected to rebound soon -- and that means it will likely keep eating into European exports, growth and ...
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VALLETTA/ST. JULIAN'S, Malta  - The European Commission may cut its growth forecast for the euro zone economy this year, Luxembourg's prime minister said on Saturday, as other EU leaders voiced concern about the euro's strength.
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The eurozone economy is on course for growth next year of about 2.0 percent despite the euro's record-breaking rally against the dollar, the European Union's executive arm revealed.
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The European economy slowed significantly in the second quarter as spending lagged, official reports showed on Tuesday, and economists expected growth in the region to be soft into early next year as consumers ...
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Growth in the eurozone economy slowed slightly to 0.5 percent in the second quarter and is set to maintain roughly that pace for the rest of the year, the European Commission said Tuesday.