Eurozone news and archive

Eurozone: Iran war drives May inflation rate to 3.2 percent

The surge in oil prices following the Iran war fuelled inflation in the Eurozone in May. Consumer prices rose by 3.2 percent year-on-year. This was announced by the statistics office Eurostat in Luxembourg on Tuesday, according to an initial estimate. In April, the inflation rate stood at 3.0 percent. Economists had, on average, expected this...

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Business

Eurozone retail sales decline

Eurozone retail sales fell in May. Turnover dropped by 0.7 percent month-on-month, the European statistics office Eurostat announced on Monday in Luxembourg. Economists had forecast a decline of 0.6 percent. However, turnover had risen by an upwardly revised 0.3 percent in April. Initially, an increase of 0.1 percent had been recorded. Compared...

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Business

Eurozone inflation marginally rises to 2 percent

Eurozone inflation rose slightly in June. The annual inflation rate rose to 2.0 percent, the Eurostat statistics office announced in Luxembourg on Tuesday, according to an initial estimate. In May, the inflation rate had fallen to 1.9 percent. Economists had, on average, expected this slight increase. Inflation in the Eurozone is thus in line...

Retail

Eurozone: retail sales rise slightly

Eurozone retail sales saw a slight increase in April. Month-on-month, revenue climbed by 0.1 percent, as reported by the European Statistical Office, Eurostat, in Luxembourg on Friday. Economists had anticipated a more substantial rise of 0.2 percent. However, sales in March had climbed by an upwardly revised 0.4 percent. Initially, a decline of...