Mexican Media Brands
Eurozone Inflation Turns Slightly Positive
Inflation in the eurozone rose 0.1% in June from a negative 0.1% in May, according to Eurostat. The region’s statistical service says the turnaround was driven primarily by rising oil prices.
#economics
Share
Inflation in the eurozone rose 0.1% in June from a negative 0.1% in May, according to Eurostat. The region’s statistical service says the turnaround was driven primarily by rising oil prices.
The 17-nation eurozone’s economy expanded by 0.6% in January-March. But that, along with June’s growth, is well below the 2% increase regarded by the European Central Bank as necessary for a strong economy.
The ECB has been trying to stimulate economic growth by cutting its prime lending rate to zero and injecting €1.7 trillion ($1.9 trillion) into the region’s banking system.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.