Eurozone

The Composite Purchasing Managers’ Index compiled by S&P Global rose to 52.1 from 52 in July

Inflation in the 21 nations picked up to 2.9% in July from 2.8% a month earlier

The economy of the 21 nations sharing the euro currency expanded by 0.4% on the quarter

It rose to 51.9, above the 50 threshold separating growth from contraction

The country must enter the euro with an economy that can function well within a monetary union

[BRUSSELS] The European Central Bank is back to square one in its fight against high inflation in the eurozone after new hostilities between the US and Iran caused energy prices to rise again, ECB policymaker Yannis Stournaras said on Friday (Jul 10).

Business confidence rises to a four-month high in June, but sentiment remains below the historical average

The war and closure of the Strait of Hormuz have made fuel more expensive for the energy-importing union

Intense use is skewed towards smaller companies