{"id":129970,"date":"2024-04-24T07:35:00","date_gmt":"2024-04-24T04:35:00","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/eurozone-growth-accelerates-in-april-but-price-pressures-may-test-the-ecb\/"},"modified":"2024-04-24T07:35:00","modified_gmt":"2024-04-24T04:35:00","slug":"eurozone-growth-accelerates-in-april-but-price-pressures-may-test-the-ecb","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/eurozone-growth-accelerates-in-april-but-price-pressures-may-test-the-ecb\/","title":{"rendered":"Eurozone growth accelerates in April, but price pressures may test the ECB"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/129970\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nEuropean private sector economic activity rebounds strongly in April, led by robust demand in services, although manufacturing continued to contract. However, resuming inflationary pressures cast uncertainty on the speed of ECB rate cuts. European private sector economic activity showed a strong rebound in April driven by strong demand in services. However, some inflationary pressures do not appear entirely vanquished, leaving uncertainty regarding the speed of returning to European Central Bank (ECB)&#8217;s 2% target.<\/p>\n<p>The flash Purchasing Managers&#8217; Index (PMI) surveys released by S&amp;P Global on Tuesday continued to indicate robust growth in the services sector across major European economies, alongside persistent challenges in manufacturing activity. Featured below is a visual depiction of the latest trends in private sector activity surveys for the Eurozone, Germany, and France.<\/p>\n<p>In April, the Eurozone Composite PMI Output Index rose to 51.4 from 50.3, reaching its highest level in 11 months. The Services PMI increased to 52.9 from 51.5, surpassing the anticipated 51.8, while the Manufacturing PMI decreased from 46.1 to 45.6, falling short of the expected 46.5. &#8220;The eurozone got off to a good start in the second quarter,&#8221; remarked Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank.<\/p>\n<p>He highlighted a positive trend in new business over the past two months, leading to a more proactive stance on hiring. Additionally, he pointed out that the rise in output prices not only reflected the faster increase in input costs but also indicated the confidence of service providers in their pricing strategies. The economic recovery this month is observable in the eurozone&#8217;s two leading economies, Germany and France.<\/p>\n<p>However, &#8220;the PMI figures are poised to test the ECB&#8217;s willingness to cut interest rates in June&#8221;, de la Rubia warned. According to the economist, accelerated rises in input costs, possibly due to both increased oil prices and notably higher wages, are raising concerns. Meanwhile, service sector businesses have speeded up their price hikes, indicating a likelihood of sustained services inflation. Despite these challenges, he still predicts the ECB will lower rates in June, although he doubts they&#8217;ll do so as quickly as some officials had recently suggested.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/business\/2024\/04\/23\/eurozone-growth-accelerates-in-april-but-price-pressures-may-test-the-ecb\">Euronews Business<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/eurozone-growth-accelerates-in-april-but-price-pressures-may-test-the-ecb\/\">Eurozone growth accelerates in April, but price pressures may test the ECB<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[555,1545,2020,1331],"class_list":["post-129970","post","type-post","status-publish","format-standard","hentry","category-news","tag-csr-news-en","tag-ecb","tag-eurozone","tag-growth"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/129970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=129970"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/129970\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=129970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=129970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=129970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}