The German economy expanded less than forecast in the first quarter and France slipped into recession, increasing pressure on the European Central Bank to do more to stimulate growth.
Euro-area services and manufacturing output shrank for a 15th straight month in April and retail sales fell in March as the 17-nation economy struggled to emerge from recession.
U.K. services unexpectedly strengthened in April as new business rose, adding to signs that Britain’s economic recovery may gain momentum.
European Central Bank President Mario Draghi opened a new front in the battle against the debt crisis after cutting the benchmark interest rate to a record low today.
Euro-area manufacturing output contracted for a 21st straight month in April, adding to pressure on the European Central Bank to cut interest rates to spur lending and growth.
U.K. services unexpectedly strengthened in March, easing concern that the economy may be heading for a triple-dip recession.
Euro-area industrial output expanded more than economists forecast in February, adding to signs that the economy is beginning to emerge from a recession.
Euro-area services and factory output shrank for a 15th month in April as the currency bloc struggled to emerge from a recession, adding to pressure on the European Central Bank to do more to boost growth.
U.K. manufacturing shrank for a second month in March as “lackluster” demand at factories weighed on economic growth, Markit Economics said.
"The worse-than-anticipated start to the year will clearly worry policy makers at the ECB."
- Chris Williamson on May 15, 2013