The euro-area inflation rate unexpectedly fell in January as high unemployment and austerity measures across the 17-nation currency bloc damped demand.
French service industry output slumped to a 46-month low and manufacturing fell, adding to indications Europe’s second-largest economy may be in recession.
French industrial confidence unexpectedly fell in January, the latest indication that Europe’s second-largest economy may be edging closer to a recession.
President Francois Hollande’s 75 percent millionaire-tax is unconstitutional because it fails to guarantee taxpayer equality, France’s top court ruled today.
French business confidence and industrial production unexpectedly declined as President Francois Hollande grapples with a budget deficit and an economy that is on the verge of recession.
French business confidence climbed for the first time this year last month and factory output unexpectedly increased in July, suggesting the euro region’s second-largest economy may regain some strength.
Belgium’s expansion slowed in the first quarter as harsh weather hampered the economy’s recovery from the worst slump in at least six decades.
French inflation held steady in November, suggesting companies are struggling to pass on higher energy costs as the economy weakens.
The euro-area jobless rate rose to a record and inflation eased to a 23-month low as the fiscal crisis and tougher austerity measures deepened the region’s economic woes.
The euro-area jobless rate rose to a record in October and inflation slowed for a second month in November as the fiscal crisis and tougher austerity measures deepened the region’s economic woes.
"The data is not too surprising as the impact of sales in January on retail prices and oil price fluctuations are always difficult to predict."
- Dominique Barbet on Feb 01, 2013
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