German Industrial Production Rebounds In May

RTTNews | 443 hari yang lalu

(RTTNews) - Germany's industrial production rebounded in May driven by robust demand for automobile and pharmaceutical products, official data revealed on Monday.

Data released by Destatis showed that industrial production grew 1.2 percent in May from a month ago, confounding expectations for a decline of 0.6 percent. Output in April was revised down to show a 1.6 percent fall compared to the 1.4 percent drop estimated initially.

On a yearly basis, industrial production expanded 1.0 percent, in contrast to the 2.1 percent decrease seen in April.

Data revealed a strong demand for German automotive and pharmaceutical products. Auto industry grew 4.9 percent and pharmaceutical industry expanded 10.0 percent.

Excluding energy and construction, industrial production climbed 1.4 percent. Energy production surged 10.8 percent, while construction output was down 3.9 percent.

Production of capital goods moved up 4.1 percent and that of consumer goods gained 0.5 percent. Meanwhile, intermediate goods output declined 2.1 percent.

On the one side, downside risks have clearly increased on the back of ongoing trade tensions, the stronger euro and hot summer weather bringing water levels in Germany's rivers to almost unprecedentedly low levels, ING economist Carsten Brzeski said.

But the economist noted that the fact that the German government is implementing its fiscal plans without setbacks is keeping hopes high for more investment and stronger growth in 2026 and beyond. Today's industrial production data has increased the likelihood that German industry is experiencing more than only a front-loading-driven rebound, Brzeski added.

Tag: EUR

baca selengkapnya

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 | 15 jam 30 menit 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 | 7 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 | 8 hari yang lalu

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.

RTTNews | 13 hari yang lalu

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 | 15 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 | 16 hari yang lalu

Eurozone Investor Confidence Strongest Since 2022

Eurozone investor sentiment rose for the fifth straight month in September, reaching its highest level since early 2022, survey data from the behavioral research institute Sentix showed Monday. The investor sentiment index climbed more-than-expected to 5.1 in September from 0.9 in August. The reading was seen at 2.1. The latest reading was the highest since February 2022.

RTTNews | 16 hari yang lalu

German Industrial Output Falls Most In 11 Months

Germany's industrial output declined at the fastest pace in almost a year in July, largely reflecting a multi-week production shutdown in the automotive industry, official data revealed Monday. Industrial production fell 1.1 percent on a monthly basis in July after remaining flat in June. This was the biggest decline since last August, when output was down 2.1 percent.

RTTNews | 16 hari yang lalu

EURUSD	1.13756	GBPUSD	1.32311
USDJPY	157.859	USDCAD	1.41105