Greek unemployment rate eased to 21.7 pct in May

Jobless

Official flash estimates on Thursday showed that consumer prices in the region had risen by 1.5 per cent in August, compared to the same month previous year, up from an increase of 1.3 per cent in July.

Inflation in the 19-nation bloc remains well below the European Central Bank's target of close to, but below, 2%.

The reading may be welcoming to the European Union policy makers who seek to push prices in the single currency zone to targeted "close to but below 2 percent".

According to a report, euro area unemployment rate was 9.1 percent in July 2017, which is the lowest unemployment rate recorded in the Eurozone since February 2009.

The EU28 unemployment rate was 7.7% in July 2017, down from 8.5% in July 2016.

Barcelona to make big name signing on deadline day
Coutinho , meanwhile, may have to take some time to readjust having seen a dream move to Barcelona closed off to him this summer. Atletico's transfer ban expires in January, but Diego Simeone will want to keep Griezmann until the end of the season.

Eurostat estimates that 18.9 million men and women in the EU28, of whom 14.8 million in the euro area, were unemployed in July 2017. "This highlights the story of divergence between the major EZ economies, but robust GDP growth across the euro area in the first half of 2017 suggest that unemployment, even in France and Italy, will edge lower soon".

August's increase in inflation was a little sharper than the published consensus forecast of a rise to 1.4 per cent, said a research of the Capital Economics.

"Admittedly, the number of unemployed people rose slightly, but the series is fairly volatile and surveys point to renewed falls to come".

The ECB is due to hold its regular policy meeting and press conference next week and some analysts said that Thursday's figures would likely heap pressure on the governing council to tighten the banks still very loose monetary policy.

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