Thursday’s figures potentially weaken expectations for two more rate cuts from the European Central Bank this year
Euro zone business activity showed surprising strength in August despite firms raising prices, a survey showed, potentially weakening expectations for two more rate cuts from the European Central Bank this year.
The rebound in activity came even as firms in the 20-country currency union raised prices at a faster pace. The composite output prices index climbed to 52.9 from 52.1. The PMI for Germany suggested Europe’s largest economy – which contracted by 0.1 per cent in the second quarter – fared no better going into the second half of the year.
A PMI covering the euro zone services industry soared to 53.3 this month from 51.9, beating a poll prediction for no change.
Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Paris Olympics: United States tops medals table at end of Paris OlympicsU.S. edges out China, the last team apart from the U.S. to top the standings, with 126 medals to 91
Read more »
Paris Olympics: High jumper Yaroslava Mahuchikh wins Ukraine’s 1st individual gold of the Paris OlympicsMahuchikh cleared 2.00 metres to finish ahead of Nicola Olyslagers of Australia, who also cleared 2.00 but then failed at all three of her attempts at 2.02
Read more »
Paris Olympics: Katie Ledecky swims into history with 800 freestyle victory at the Paris OlympicsThe American capped another stellar Olympics by becoming only the second swimmer to win an event at four straight Summer Games and the sixth to win seven Olympic golds
Read more »
Paris Olympics: As the Olympics wind down, Los Angeles swings into planning for 2028It will be LA’s third time hosting the Olympics – the last time was 40 years ago – and first time hosting the Paralympic Games
Read more »
Paris Olympics: Tahiti’s rahui tradition has helped revive ecosystems – including near the Olympics surfing venueThe traditional conservation method of regulating human activity to help replenish and protect maritime ecosystems resources is being revived and showing results
Read more »
Paris Olympics: Japan surges past China for Olympics men’s gymnastics team gold, U.S. wins bronzeThe Japanese overtook their rivals on the final rotation, after China’s Su Weide fell twice off the horizontal bar, to win with a small margin of 0.532 points
Read more »