Mexican Media Brands
Eurozone Inflation Cools
Consumer prices in the eurozone, which rose at a 2.6% annualized pace in April, grew 2.4% in May, according to Eurostat, the EU statistics office.
#economics
Share
Consumer prices in the eurozone, which rose at a 2.6% annualized pace in April, grew 2.4% in May, according to Eurostat, the EU statistics office. Easing energy prices helped make May's increase the smallest since February 2011.
Inflation remains above the 2% target of the European Central Bank. But some economists say the downward trend gives the ECB leeway to spur economic growth by cutting its key interest rate by 0.25 point to 0.75% in coming months.
The rate has been at a record-low 1% since December. Central bank policymakers are scheduled to meet on June 6.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.