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Euro zone business growth loses momentum
Business growth in the eurozone fell last month and was the weakest since early last year. Companies responding to the surveys used to compile the Purchasing Managers’ Index (PMI) said they were spending less. They are cautious about the...
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US employment growth steady but slower in September
US jobs growth slowed for the third straight month in September. Employers hired 156,000 people. Economists had predicted 175,000. The August total was revised up, but both August and September were below the monthly average so far this...
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Brexit vote fears hit UK business sentiment
In the UK, the latest business surveys seem to show the economy losing steam. The British Chambers of Commerce (BCC) – having quizzed the bosses of 7,000 companies – said confidence about investment and hiring workers is at its lowest in...
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UK consumers says ‘Brexit vote – so what?’
A new survey by consultancy firm Deloitte found British consumers were at their most confident in five years in September despite the Brexit vote. The quarterly survey of 3,000 UK consumers showed confidence rose by three percentage...
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Inflation means inflation with post-Brexit price rises
Consumer prices in Britain jumped in September, and it was mostly more expensive clothes and costlier fuel which pushed up inflation, rather than the weaker pound. The Consumer Prices Index – which is based on comparisons of more than...
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Bank of Japan changes stimulus policy
The Bank of Japan is changing tack as it tries to get the economy growing again. For the last three years it has been printing massive amounts of money – quantitative easing – to buy bonds hoping that that cash would make its way into...
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OECD forecasts weak global growth – not enough to meet expectations of young and old
There is a gloomy outlook from the Organisation for Economic Cooperation and Development in its latest updated economic forecasts. The OECD sees a slump in trade growth and a weakening of global economic growth this year and next. It...
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German economic growth to slow says finance ministry
Germany’s economic growth will slow in the second half of this year the finance ministry has said. It blamed that on as weaker foreign demand for goods. Europe’s biggest economy enjoyed robust expansion in the first six months thanks to...
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French economy slows in Q2
France’s economy slowed for the first time in three years between April and June, with a dip in consumer spending being blamed. The adjustment comes in the third and final growth estimate by INSEE, the national statistics agency....
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Eurozone business growth dips close to a two-year low in September
Business activity in the eurozone expanded this month at its weakest rate since the start of last year. The latest surveys of the region’s businesses found a big split between manufacturers, which are buoyant with increasing new orders,...
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Eurozone manufacturing improves, but still very uneven
Manufacturing in the eurozone picked up last month. The latest surveys of businesses showed demand for their products increased both in and out of the region. As a result manufacturers hired more workers. “For a region beleaguered by...
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China’s economy on track for stable growth
China’s economy perked up in August after a lacklustre July. Factory output and retail sales grew faster than expected, the housing market was strong and the government splashed out on infrastructure. Industrial output grew at the...
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UK central bank signals new rate cut to head off Brexit vote slowdown
Britain’s central bank has left the cost of borrowing unchanged but signaled a probable cut in the benchmark lending rate to just above zero later this year. Currently it is at a record low 0.25 percent, having been halved in August. At...
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Smart Specialisation toward economic growth
This edition of Real Economy comes from Bologna in Italy and Poland and focuses on the regions Smart Specialisation plans. Euronews’ Maithreyi Seetharaman visited the heart of the Emilia Romagna region in Italy to see how it, and other...
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US second quarter growth sluggish, as consumer spending surges
New data shows economic growth in the US was slightly more tepid than initially thought in the second quarter – offsetting a spurt in consumer spending. The Commerce Department says GDP expanded at a 1.1 percent annual rate, in its...
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Greek economy still struggling despite mild Q2 expansion
Greece’s battered economy grew between April and June – but only by 0.2 percent from the first three months of the year. And the latest estimate by the government’s statistics service show the economy shrank by 0.9 percent from the same...
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Eurozone manufacturing ‘wavering’, British manufacturing rebounds
Manufacturing growth in the eurozone slowed in August according to the latest surveys of the region’s businesses. Germany, the Netherlands and Austria again provided most of that expansion. There were declines in France and Italy, while...
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Eurozone August business growth weaker
Business growth in the eurozone was weak in August. It was the most lacklustre it has been since the start of last year, according to the latest surveys of thousands of companies. The numbers suggest the region’s struggling economy is...
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Eurozone Q2 growth weakens
There was only weak growth again for the eurozone economy between April and June. The final estimate from the EU’s statistics office confirmed gross domestic product in the 19 countries using the euro increased by 0.3 percent from the...
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Exports keep Germany economic growth strong
Trade was the biggest factor in Germany’s economy growing by 0.4 percent between April and June. That was less than the 0.7 percent growth achieved in the first quarter. Exports rose 1.2 percent while imports slipped 0.1 percent. German...
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Eurozone GDP growth slows in Q2, French economy stalls
The eurozone’s economic growth slowed between April and June – ahead of Britain’s vote to leave the European Union. Gross domestic product in the 19 countries using the euro rose 0.3 percent quarter-on-quarter according to preliminary...
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Eurozone business activity still muted in July, retail sales flat
Business activity in the eurozone expanded at a slightly better than predicted pace in July. Surveys of companies’ bosses for the Purchasing Managers’ Index (PMI) compiled by Markit found they have so far largely shrugged off Britain’s...
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Shares rise, pound drops on UK stimulus measures
Not surprisingly, UK finance minister Philip Hammond welcomed the stimulus measures announced by the Bank of England. He has been told by Bank Governor Mark Carney that the British government also needs to do more to help the economy get...
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IMF says Brexit will reduce global economic growth in 2016 and 2017
The International Monetary Fund has said Britain’s decision to leave the European Union will reduce economic growth worldwide. It has trimmed its global growth estimate to 3.1 percent this year and 3.4 percent in 2017. That is down 0.1...