spending

A plunge in household spending and investment pulled down euro zone gross domestic product in the first quarter as the Covid-19 pandemic struck. But the fall was slightly smaller than first estimated, the European Union’s statistics office said.  Eurostat said GDP of the 19 countries sharing the euro contracted 3.6% quarter-on-quarter for a 3.1% year-on-year fall.  […]

New figures from the Central Bank show that the total value of card transactions (including ATM transactions) decreased by 35% in April – the biggest annual decline recorded since the series began.  Today’s figures are the Central Bank’s first statistics to capture a full month of data where the Covid-19 emergency containment measures were in […]