Euro area unemployment rate dropped to a record low in March as firms raised hiring even as the war in Ukraine and record high inflation damped demand and production, data published by Eurostat revealed on Tuesday.
Higher prices for energy and intermediate goods pushed up factory gate inflation to another historic high in March, another report from Eurostat showed.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.