Published: Thu, November 02, 2017
Economy | By Shawn Conner

Eurozone inflation dips unexpectedly in October

The eurozone's economy grew by 0.6% in the three months to September, above analysts' expectations, according to European Union statistics office Eurostat. Inflation in Europe's powerhouse economy had been stable at 1.8 percent in August and September, close to the target of just below 2.0 percent that central bank governors have pushed for with massive interventions in recent years.

For the past 12 months, the growth rate was 2.5%, Eurostat said.

Total headline CPI for the 19-nation currency bloc fell to 1.4% in October, down from 1.5% in September, according to official data from Eurostat.

Scientists Discover a Monster Planet That Challenges Planet Formation Theories
Since the unusually huge planet is paired with such a common star, it means more combinations like this may exist out there. The discovery of a "monster" planet which is way bigger than its star has rocked the foundations of astronomical theories.

The European Central Bank wants to keep the headline inflation number below, but close to 2 per cent over a two-year horizon and last week made a decision to extend its government bond buying programme that pumps cash into the banking sector, although to reduce it in size.

Economists polled by Reuters had expected a 0.5 per cent quarterly rise and a 2.4 per cent year-on-year gain.

We expect domestic demand to remain the main growth driver (+0.48pp), while net trade contribution should be slightly positive (+0.1pp). Investment went up by 0.8%, after a 1% increase in the second quarter.

Two die in Hwy. 17 crash west of Shabaqua
Highway 400 will be closed northbound at County Road 88 and southbound at County Road 89 for an undetermined period of time.

The UK's annual rate of GDP growth in the third quarter was just 1.5 per cent.

Meanwhile, figures issued by the Greek statistics service Elstat showed that Greece's economy returned to growth in the first three months of 2017.

'Mile-High Club' Couple Busted, Face FBI Charges
While the man was on his way to Detroit to then fly to Miami, the woman was planning on heading to Nashville from there. The woman, 48, and man, 28, were both travelling on a Delta flight from Los Angeles to Detroit , WDIV reported .

Like this: