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Europe Economy News

31 May 2017

German jobless rate hits new record low in May

The German unemployment rate dropped to a new record low in May, data showed on Wednesday, in another sign of the strength of the labour market in Europe`s largest economy.

17 Nov 2016

Angela Merkel silent on fourth term despite glowing words from Barack Obama

US President Barack Obama called German Chancellor Angela Merkel an "outstanding" ally on Thursday and said she might get his support if he were a German citizen and she decided to run for a fourth term as leader of Europe`s largest economy.

09 Oct 2015

Tata Motors-owned JLR to invest $2 bn in Slovakia

Tata Motors' Jaguar Land Rover will invest USD 2 billion to build a plant in Slovak Republic which will help create over 50,000 jobs.

German business confidence

24 Jun 2015

Greece sends German business confidence to four-month low

German business confidence fell to its lowest level in four months in June as uncertainty about Greece caused the outlook for Europe`s biggest economy to cloud over, the Ifo economic institute said on Wednesday.

German unemployment

02 Jun 2015

German unemployment hits 24-year low

German unemployment fell in May to the lowest level in 24 years as the recovery in Europe`s biggest economy continues, data showed on Tuesday.

Germany finance minister

07 May 2015

Germany eyes modest tax cut next year

Germany`s finance minister said Thursday he would cut taxes from next year after experts forecast a nearly 40-billion-euro ($45-billion) tax windfall for Europe`s top economy over the next five years.

German industrial orders

08 Apr 2015

German factory orders slip again in February

German industrial orders, a key measure of demand for goods in Europe`s top economy, fell again in February, the economy ministry said Wednesday, disappointing analysts who had hoped for a rebound.

Eurozone Economy

14 Nov 2014

Eurozone economy grows weak 0.2% in third quarter

The eurozone economy expanded by 0.2 percent in the third quarter, official data showed Friday, a slight acceleration that will do little to quell fears that a sluggish Europe is hurting world growth.

11 Oct 2014

Europe growth pact floated as euro zone recession fears mount

European officials for the IMF and World Bank annual meetings sought to dispel the gloom, with ECB President Mario Draghi talking about a delay, not an end, to the region`s recovery.

30 Sep 2014

Eurozone inflation drops to 0.3%, unemployment steady

Inflation in the eurozone fell to 0.3 percent in September, official EU data showed on Tuesday, signalling that the European Central Bank may have to go even further to avert the threat of deflation.

13 Sep 2014

EU seeks billions of euros to revive economy

The EU economy grew by just 0.1 percent last year.

12 Sep 2014

Eurozone industrial production recovers in July

Industrial output in the eurozone rose one percent in July, official data showed on Friday, offering a rare glimmer of positive news to a single-currency economy struggling with stagnating growth and low inflation.

08 Sep 2014

Strong exports push German trade surplus to record: official data

The outlook for the German economy, Europe`s biggest, brightened on Monday when data showed the country`s trade surplus hit a new record in July on the back of booming exports.

05 Sep 2014

Eurozone economy stagnates as ECB leaps in to action

The eurozone economy stagnated in the second quarter.

05 Sep 2014

Eurozone economy stagnates in second quarter

The eurozone economy stagnated in the second quarter, official figures showed on Friday, in line with the poor outlook which pushed the European Central Bank into radical action on Thursday.

14 Aug 2014

Europe`s economic motor Germany stalls in Q2

The German economy, Europe`s biggest, stalled in the second quarter, hit by weak exports and falling investment, data showed Thursday, casting a cloud over recovery in the crisis-battered region.

25 Jul 2014

Eurozone loans to private sector still contracting: ECB

The ECB regards M3 money supply as a barometer for future inflation.

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