The closely watched purchasing managers' index of activity in the single currency bloc came in at 50.2 - just above the cut-off between growth and decline.

(CN) — Annual inflation in the eurozone and European Union is drifting away from a 2% goal established by the European Central Bank in 2024. According to a report released Monday by Eurostat, the annual inflation rate climbed to 2.5% in the eurozone in January and 2.8% in the broader European Union.