Connect with us

Popular World News

Euro zone businesses pare back price expectations for first time in over a year By Reuters

Israel to gradually end jobless benefits as economy recovers By Reuters


Euro zone businesses pare back price expectations for first time in over a year By Reuters

© Reuters. FILE PHOTO: A businessman walks on the esplanade of La Defense, in the financial and business district in La Defense, west of Paris, April 10, 2014. REUTERS/Gonzalo Fuentes

FRANKFURT (Reuters) – Euro zone entrepreneurs pared back their expectations for price rises for the first time in more than a year last month, data showed on Friday, in what could be an early sign that a bout of inflation in the bloc is finally easing. A majority of companies, particularly in the manufacturing sector, still expected to raise their prices in the next three months but their share of the total fell slightly across sectors compared with November, the Eurostat survey showed.
The proportion of consumers bracing for prices to keep rising or even accelerate in the next 12 months also fell after hitting a record in October. A broader Economic Sentiment Indicator, which aggregates questions about confidence among consumers, retailers, industrialists in the 19 countries that share the euro, fell for a second straight month to hit the lowest level since May 2021 at 115.3 points.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


To Top
error: Content is protected !!