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October 2015

EU unemployment rate drops to 6 year low

Published: Friday 30 October 2015

EUR -  Unemployment rate from Eurozone drops to six year low. It has come in at 9.3% much better than the 10.8% of this time last year. There is still large disparity between the 28 countries in the Eurozone with Spain and Greece still having unemployment at almost 1 in 4.

The Eurozone escaped deflation again but most are still generally expecting the ECB to press on with additional stimulus measures.
Next week is extremely busy with the highlights being the RBA rate decision on Tuesday, the UK Quarterly inflation report and Non-Farm Payrolls from the USA.