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Eurozone inflation eased more than expected to the weakest in more than two years in November and the unemployment rate remained unchanged at a lower level, raising hopes that the European Central Bank may cut interest rates earlier than currently forecast.
HCOB’s PMI, compiled by S&P Global and seen as a good guide of overall economic health, ticked up to 47.1 from October’s near three-year low of 46.5 but remained firmly below the 50 mark separating growth from contraction
The ongoing downturn in the euro area private sector suggested that the region might have entered a shallow recession in the final quarter of 2023, according to the latest purchasing managers' survey results released by S&P Global on Thursday.
The ongoing downturn in the euro area private sector suggested that the region might have entered a shallow recession in the final quarter of 2023, according to the latest purchasing managers' survey results released by S&P Global on Thursday.
The outlook for eurozone retail sales is improving, but slowly, ING economist Bert Colijn writes in a note. Trade continued falling in September, confirming a…