UK Markets open in 7 hrs 12 mins
  • NIKKEI 225

    27,220.40
    -552.50 (-1.99%)
     
  • HANG SENG

    24,952.35
    +824.50 (+3.42%)
     
  • CRUDE OIL

    86.29
    -0.61 (-0.70%)
     
  • GOLD FUTURES

    1,839.50
    -3.10 (-0.17%)
     
  • DOW

    34,715.39
    -313.21 (-0.89%)
     
  • BTC-GBP

    30,216.35
    -717.24 (-2.32%)
     
  • CMC Crypto 200

    969.42
    -25.84 (-2.60%)
     
  • Nasdaq

    14,154.02
    -186.28 (-1.30%)
     
  • ^FTAS

    4,274.52
    +0.73 (+0.02%)
     

Euro zone businesses pare back price expectations for first time in over a year

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
A businessman walks on the esplanade of La Defense, in the financial and business district west of Paris
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • EUR=X
  • EURUSD=X

FRANKFURT (Reuters) - Euro zone entrepreneurs pared back their expectations for price rises for the first time in more than a year last month, data showed on Friday, in what could be an early sign that a bout of inflation in the bloc is finally easing.

A majority of companies, particularly in the manufacturing sector, still expected to raise their prices in the next three months but their share of the total fell slightly across sectors compared with November, the Eurostat survey showed.

The proportion of consumers bracing for prices to keep rising or even accelerate in the next 12 months also fell after hitting a record in October.

A broader Economic Sentiment Indicator, which aggregates questions about confidence among consumers, retailers, industrialists in the 19 countries that share the euro, fell for a second straight month to hit the lowest level since May 2021 at 115.3 points.

(Reporting By Francesco Canepa; Editing by Alex Richardson)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting