Business activity in the euro zone hit a three-month high in May, as the region began to slowly reopen after around two months of lockdowns.
Business activity in the euro zone hit a three-month high in May, as the region began to slowly reopen after approximately two months of coronavirus lockdowns.
"All euro zone countries eased their Covid-19 containment measures to some extent in May, helping to moderate the overall rate of economic decline," Chris Williamson, chief business economist at IHS Markit, said in a statement. Italy, Spain, France and Germany — the four largest euro economies — are among those most severely affected by the pandemic. However, they've all started to open parts of their economies after a reduction in the coronavirus contagion rate.
"The good news is that April almost surely was the bottom. The bad news is that the rebound is painfully slow, adding further weight to the idea that the second-quarter hard data, and final GDP headline, will look awful," Claus Vistesen, euro zone economist at Pantheon Macroeconomics, said after the French data release.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Small business layoffs may have hit bottomLayoffs leveled off in April, although furloughs mount as small businesses fight to survive. Overall, headcount among small businesses fell by 4.7% last month, according to payroll provider Gusto.
Weiterlesen »
Europe coronavirus rescue proposal: How it works and why it may fail - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Apple iPhone 12 may be first to come without free headphones in box - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Holland America may eliminate self-serve buffets: leaked audio - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
'Incredible:' Italian woman wins 1-million-euro PicassoAn Italian accountant whose son bought her the raffle ticket as a Christmas present has won a 1-million euro ($1.1 million) painting by Pablo Picasso in a charity draw
Weiterlesen »
France, Germany propose 500 billion euro EU Recovery FundFrance and Germany proposed on Monday a 500 billion euro ($543 billion) Recovery Fund that would offer grants to European Union regions and sectors hit hardest by the coronavirus pandemic, pushing up the euro and bringing down Italian bond yields.
Weiterlesen »