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The Eurozone economy continues to recover, and the composite PMI has been above the boom and bust line for three consecutive months
Supported by strong optimistic demand from the service sector, the overall business activity scale of Eurozone enterprises expanded at the fastest rate in a year this month, while the Eurozone manufacturing industry, which had been sluggish for 2 years, showed signs of close recovery.
ECB: Euro Area's Negotiated Wages Rise 4.69% YoY in Q1 2024 Vs. 4.50% in Q4
The European Central Bank (ECB) published its indicator of the Euro area’s negotiated wages data for the first quarter of 2024 on Thursday.
EUR/USD Delivers V-shape Recovery as Upbeat Eurozone PMI, Subdued US Dollar
EUR/USD witnesses a stellar buying interest after posting a fresh weekly low near the crucial support of 1.0800 in Thursday’s European session.
Germany's PMI soared to a one-year high in May, and Eurozone recovery accelerated?
As the downturn in German industry gradually eased, private sector activity in Germany ushered in significant growth, making it the fastest growing period in a year.
The ECB Vice President set the tone for cutting interest rates by 25 basis points in June, which indicates new trends in monetary policy
The Zhitong Finance App learned that ECB Vice President Luis de Guindos (Luis de Guindos) said that cutting interest rates by 25 basis points next month seems reasonable under the current circumstances. He stressed that with regard to the June meeting decision, the ECB will maintain a high degree of transparency and adopt a prudent attitude to support this decision to cut interest rates. Degindos pointed out that there is considerable uncertainty in the current economic environment, so no final decision has been made on the total number and specific extent of interest rate cuts. He stressed that the ECB will pay close attention to the further development of economic data and adjust policies accordingly. When asked about adding
Eurozone Preliminary Manufacturing PMI Improves to 47.4 in May Vs. 46.2 Expected
The Eurozone manufacturing sector downturn eased while the services sector activity steadied in May, according to the data from the HCOB's latest purchasing managers index survey published on Thursday.