Arab Today, arab today eurozone inflation jobless rates unchanged
Last Updated : GMT 13:01:02
Arab Today, arab today
Arab Today, arab today

Eurozone inflation, jobless rates unchanged

Arab Today, arab today

Arab Today, arab today Eurozone inflation, jobless rates unchanged

Spain's unemployment rate of 22.7 percent
Brussels - AFP

Inflation in the 19-nation eurozone was unchanged in July while the jobless rate for June was also flat, suggesting the economy maintained only modest growth, official data showed Friday.

Consumer prices rose 0.2 percent in July, the same rate as the previous month, the Eurostat Statistics Agency said.

The data matched forecasts by analysts, who had been waiting to see the impact from the European Central Bank's unprecedented economic stimulus programme designed to give the economy a decisive boost after years of tepid growth.

The ECB has an inflation target of just under 2.0 percent.

Underlying inflation, which strips out volatile energy and food prices, rose to 1.0 percent in July from 0.8 percent in June, Eurostat said.

Unemployment meanwhile was unchanged at 11.1 percent in June, it said.

A pick-up in consumer prices is usually evidence of increased demand which in turn should produce more jobs and the figures suggest the economy is bumping along despite the negative impact on sentiment of the long-running Greek debt crisis.

Prices were actually falling in the first three months of the year -- with January down a worrying 0.6 percent, stoking fears of deflation.

Deflation can be a killer for an economy because consumers may put off purchases expecting to buy goods cheaper at a later date but that undermines demand, and then jobs, setting off a vicious cycle.

Eurostat said there were some 17.76 million unemployed in the eurozone in June, up 31,000 from May even as the headline rate remained unchanged.

The June 2014 unemployment rate was 11.6 percent, with some 811,000 jobs gained over the year since then, it said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eurozone inflation jobless rates unchanged Arab Today, arab today eurozone inflation jobless rates unchanged

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Turkey says ends its military operation

GMT 07:53 2017 Thursday ,30 March

Turkey says ends its military operation
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today 'Underwater wasteland' worries

GMT 10:32 2017 Thursday ,30 March

'Underwater wasteland' worries
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Singer Rowida Attiya will issue a new song

GMT 07:38 2017 Tuesday ,28 March

Singer Rowida Attiya will issue a new song
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 07:50 2017 Thursday ,30 March

Breaking trans barriers one barbell

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday