AIRLINK 74.35 Decreased By ▼ -5.65 (-7.06%)
BOP 5.13 Decreased By ▼ -0.05 (-0.97%)
CNERGY 4.41 Decreased By ▼ -0.05 (-1.12%)
DFML 33.95 Decreased By ▼ -1.21 (-3.44%)
DGKC 76.15 Decreased By ▼ -0.73 (-0.95%)
FCCL 20.08 Increased By ▲ 0.10 (0.5%)
FFBL 36.70 Increased By ▲ 1.10 (3.09%)
FFL 9.48 Decreased By ▼ -0.05 (-0.52%)
GGL 9.98 Decreased By ▼ -0.18 (-1.77%)
HBL 116.65 Decreased By ▼ -0.35 (-0.3%)
HUBC 132.71 Increased By ▲ 0.21 (0.16%)
HUMNL 7.05 Decreased By ▼ -0.01 (-0.14%)
KEL 4.54 Decreased By ▼ -0.11 (-2.37%)
KOSM 4.51 Decreased By ▼ -0.14 (-3.01%)
MLCF 36.75 Decreased By ▼ -0.75 (-2%)
OGDC 135.90 Increased By ▲ 1.43 (1.06%)
PAEL 22.90 No Change ▼ 0.00 (0%)
PIAA 26.68 Increased By ▲ 0.05 (0.19%)
PIBTL 6.70 Decreased By ▼ -0.11 (-1.62%)
PPL 116.75 Increased By ▲ 4.65 (4.15%)
PRL 27.40 Increased By ▲ 0.20 (0.74%)
PTC 14.41 Increased By ▲ 0.03 (0.21%)
SEARL 55.79 Decreased By ▼ -0.60 (-1.06%)
SNGP 67.64 Increased By ▲ 0.64 (0.96%)
SSGC 10.80 Decreased By ▼ -0.03 (-0.28%)
TELE 9.16 Decreased By ▼ -0.13 (-1.4%)
TPLP 10.97 Decreased By ▼ -0.21 (-1.88%)
TRG 66.80 Decreased By ▼ -2.20 (-3.19%)
UNITY 25.23 Decreased By ▼ -0.26 (-1.02%)
WTL 1.31 Decreased By ▼ -0.01 (-0.76%)
BR100 7,546 Increased By 24.1 (0.32%)
BR30 24,527 Increased By 124.9 (0.51%)
KSE100 71,832 Increased By 137 (0.19%)
KSE30 23,617 Increased By 75.1 (0.32%)

BRUSSELS: Inflation in the eurozone remained at a low 1.0 percent in August, official data showed Friday, heaping pressure on the European Central Bank to reboot its controversial economic stimulus.

The data from EU's Eurostat agency was in line with forecasts of analysts surveyed by data company Factset and far from the ECB's target rate of just below 2.0 percent.

The data landed amid concern about the global economy, which is in severe turbulence caused by the US-China trade war that has punished Europe's export powerhouse Germany.

The ECB will look closely at core inflation that strips out volatile prices such as energy, which also remained unchanged at a lowly 0.9 percent in August.

The unemployment rate in the eurozone meanwhile remained stable at 7.5 percent in July, its lowest level since July 2008, Eurostat said.

That figure matched the consensus forecast by Factset.

Meanwhile the unemployment rate in the 28-member EU, also stayed flat at 6.3 percent, the lowest level since 2000.

In the 19 countries that share the euro, the jobless rate has now returned to where it was when the global economic crisis unfolded in 2007-2008.

During the crisis, unemployment hit a peak of 12.1 percent in April and May 2013.

Since falling back into single digits in September 2016 the jobless rate in the eurozone has steadily moved lower.

Eurostat said the lowest unemployment rate in the EU in July was in the Czech Republic at 2.1 percent. Greece, where the latest figure dates from May, topped the list at 17.2 percent.

Copyright AFP (Agence France-Press), 2019

Comments

Comments are closed.