BRUSSELS, July 31 — The euro zone’s economy recorded its deepest contraction on record in the second quarter, preliminary estimates showed today, while the bloc’s inflation unexpectedly ticked up in July. In the months from April to June, gross domestic product in the 19-country currency bloc...
In the months from April to June, gross domestic product in the 19-country currency bloc shrank by 12.1 per cent from the previous quarter, the European Union’s statistics office Eurostat said in its flash estimates. — Reuters pic
In the months from April to June, gross domestic product in the 19-country currency bloc shrank by 12.1 per cent from the previous quarter, the European Union’s statistics office Eurostat said in its flash estimates. The contraction was slightly more pronounced than market expectations of a 12.0 per cent fall, and followed the 3.6 per cent GDP drop recorded in the first quarter of the year.
Eurostat said consumer prices in the bloc rose 0.4 per cent on an annual basis in July from 0.3 per cent in June and 0.1 per cent in May. Economists polled by Reuters had forecast a 0.2 per cent increase in July.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's factory activity noses up in July as demand grows | Malay MailBEIJING, July 31 ― Factory activity in China edged upwards in July as the country's manufacturing sector gathered pace after a sharp coronavirus hit and demand gradually rebounded, according to official data published today. China's closely watched Purchasing Managers' Index (PMI), a key gauge of...
Read more »
Gerak Malaysia contact tracing app will be discontinued on 31 July | Malay MailKUALA LUMPUR, July 30 ― Gerak Malaysia, the contact tracing app that’s developed by the Malaysian Communications and Multimedia Commission (MCMC) with support of the Royal Malaysia Police (PDRM) will be discontinued starting tomorrow. All users are told to uninstall the app as the features will...
Read more »
US records nearly 25,000 coronavirus deaths in JulyThe country has recorded nearly 1.8 million new cases in July out of its total 4.5 million infections. FMTNews
Read more »
Covid-19: 186 arrested for breaching recovery MCO on July 30, 142 fined, says Ismail SabriPETALING JAYA: Police arrested 186 people for breaching the recovery movement control order (MCO) on Thursday (July 30), says Senior Minister (Security) Datuk Seri Ismail Sabri Yaakob.
Read more »
Portugal’s GDP slumps 14.1pc in Q2, biggest contraction ever recorded | Malay MailLISBON, July 31 — Portugal’s gross domestic product shrank 14.1 per cent in the second quarter of 2020, the biggest contraction ever, as lockdowns imposed to contain the spread of the coronavirus hit key sectors of the economy. In a flash estimate, the National Institute of Statistics (INE)...
Read more »