Euro zone consumption resilient, labor market strong: ECB By Reuters

0
54
© Reuters. FILE PHOTO: ECB HQ and skyline with its financial district are seen in Frankfurt


© Reuters. FILE PHOTO: ECB HQ and skyline with its financial district are seen in Frankfurt

FRANKFURT (Reuters) – Consumption in the euro zone appears to be resilient to a recent slowdown and the labor market is also expected to continue expanding, suggesting that growth remains broad-based, the European Central Bank said in a regular economic bulletin.

“Short-term indicators point to continued strength in the labor market in the coming quarters,” the ECB said in its assessment, which is broadly consistent with its statement after its October policy meeting. “Private consumption is expected to display resilient growth in the coming quarters.”

At its last meeting on Oct 25, the ECB reaffirmed its plans to wind down bond purchases, also known as quantitative easing, by the close of the year and to keep rates at a record low at least through next summer.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here