Euro area economy grows 0.6% in the second quarter
Eurostat estimates quarterly growth of 0.7% across the EU.
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Eurostat estimates quarterly growth of 0.7% across the EU.
Eurostat’s first estimates show energy prices rising by 5.6% month-on-month.
The EU recorded a 4.7% annual increase and a 1.2% quarterly rise.
Energy-shock and uncertainty risks persist, with separate forecasts for the United States, euro area and China.
Aggregate growth slowed from the previous quarter, while country-level results varied.
Three members wanted an increase as the bank highlighted energy’s contribution to August inflation.
The 16 September decision was unanimous as the FOMC described solid activity and elevated inflation.
The deposit rate moves to 2.50%; new projections put 2027 inflation at 2.5% and growth at 1.4%.
Consumer and retail readings improved while construction sentiment eased, leaving the composite above the 100 threshold.
Seasonally adjusted indicators improved in retail, held steady in services and edged lower in construction.
The 17 September document sets out the committee’s 10 September assessment and diverging price indicators.
The overnight corridor was unchanged as the committee weighed inflation trends, domestic demand and geopolitical energy costs.