Eurozone Manufacturing Shrinks Further

RTTNews | 945 hari yang lalu

(RTTNews) - The euro area manufacturing activity continued to shrink in February but the pace of contraction was moderate, final data from the purchasing managers' survey by S&P Global showed Friday.

The HCOB manufacturing Purchasing Managers' Index, or PMI, fell slightly to 46.5 from January's 10-month high of 46.6. The score was above the flash 46.1.

The reading suggested the second-slowest deterioration in manufacturing conditions since March 2023.

Factory orders declined at the slowest pace since March last year. Production decreased midway through the first quarter, although the rate of contraction held steady.

Companies reduced their inventories and operating expenses continued to fall. Input price inflation was the weakest since March 2023. Prices charged for Eurozone goods were discounted further.

Further, prospects regarding future output remained cautiously optimistic.

The decline in the manufacturing sector was largely driven by the largest economy of the single currency union, Germany.

Spain returned to growth for the first time in nearly a year, while softer contractions were seen in Italy and France.

Germany's HCOB manufacturing PMI dropped for the first time in seven months in February. The index slid to 42.5 from an 11-month high of 45.5 in January.

Meanwhile, France's HCOB factory PMI rose to 47.1 from 43.1 in the prior month. The measure hit the highest since March 2023. The initial score for February was 46.8.

Italy's manufacturing PMI posted 48.7 in February, up from 48.5 in January. The score was well above economists' forecast of 49.1.

Spain returned to growth in February with both output and new orders staging marginal improvements. The corresponding index registered 51.5, up from 49.2 a month ago.

Tag: EUR

baca selengkapnya

Eurozone Manufacturing Activity Gathers Momentum

The euro area manufacturing activity strengthened in September as production and new orders grew at their sharpest rates since early 2022, final survey results from S&P Global showed Thursday. The final manufacturing Purchasing Managers' Index rose to 52.9 in September from 52.7 in the previous month.

RTTNews | 22 jam 13 menit yang lalu

German Inflation Highest Since December 2023

Germany's consumer price inflation accelerated for a third month in September to reach its highest level in nearly three years on the back of a surge in energy prices, yet the European Central Bank is likely to seek more evidence to establish second-round effects of the fuel price shock on the real economy before raising interest rates again.

RTTNews | 1 hari yang lalu

Eurozone Economic Sentiment Weakens

Eurozone economic confidence weakened unexpectedly in September due to the fall in consumer sentiment, monthly survey data from the European Commission showed Tuesday. The economic sentiment index dropped to 97.9 in September from 98.4 in the previous month. The score was forecast to rise to 99.0.

RTTNews | 2 hari yang lalu

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.

RTTNews | 6 hari yang lalu

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.

RTTNews | 7 hari yang lalu

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.

RTTNews | 8 hari yang lalu

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.

RTTNews | 15 hari yang lalu

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.

RTTNews | 16 hari yang lalu

EURUSD	1.12656	GBPUSD	1.32157
USDJPY	157.537	USDCAD	1.42235