Eurozone Economic Sentiment Weakens

German GfK Consumer Sentiment To Fall

German consumer confidence is set to fall in October as rising energy prices dragged down income expectations, monthly survey results of the NIM Consumer Climate powered by GfK showed Friday. The forward-looking consumer sentiment index fell more-than-expected to -30.6 in October from -26.8 in September. The score was seen at -27.1.

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German Business Confidence Strongest Since Early 2023

German business confidence rose to its highest level in more than three years in September as the economy continued its recovery, monthly survey data from the ifo Institute showed Thursday. The business climate index rose to 89.9 in September from 88.8 in the previous month. This was the highest score since May 2023 and was also above forecast of 89.1.

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Eurozone Private Sector Growth Strongest Since Early 2023

The euro area private sector expanded at the fastest pace since April 2023 amid solid expansions in both the services and manufacturing sectors, survey data from S&P Global revealed Wednesday. The flash composite output index advanced to 53.1 in September from 52.0 in the prior month. The score was seen at 51.7.

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Eurozone Industrial Production Shrinks For Second Month

Eurozone industrial production declined for the second straight month in July, reflecting a weak start to the third quarter, official data revealed Wednesday. Industrial output edged down 0.1 percent in July, after falling at the same pace in June, Eurostat reported. Production was expected to decline 0.2 percent.

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German ZEW Economic Sentiment Improves Moderately

German economic confidence improved moderately in September as experts were cautiously optimistic about economic recovery, survey results from the Mannheim-based Centre for European Economic Research, or ZEW, showed Tuesday. The ZEW indicator of economic sentiment rose less-than-expected to 34.7 in September from 34.2 in the previous month. The reading was seen at 39.8.

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ECB Raises Deposit Rate To 2.50% Amid Inflation Fears

The European Central Bank raised interest rates on Thursday, as expected, prompted by the fears of an inflation shock as energy prices surge amid the recent escalation of the Iran war.

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German Exports Fall For First Time In 6 Months

Germany's exports decreased for the first time in six months in July but the trade surplus increased more than expected due to the notable fall in imports, official data showed on Tuesday. Exports decreased 0.8 percent on a monthly basis in July, in contrast to the 0.9 percent increase in June, Destatis said.

RTTNews | 21 hari yang lalu

Eurozone Economic Growth Revised Up To 0.6%

The euro area economy expanded more than initially estimated in the second quarter, underpinned by exports and consumer spending, revised data from Eurostat showed Monday. Gross domestic product grew 0.6 percent sequentially after remaining flat in the first quarter. The second quarter growth was revised up from 0.4 percent estimated previously.

RTTNews | 22 hari yang lalu

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