German ZEW Economic Confidence Rises In June

RTTNews | 1593 hari yang lalu

(RTTNews) - Germany's economic confidence improved in June but remained negative as the economy faces uncertainties posed by the war in Ukraine and the tightening of monetary policy, survey results from the ZEW - Leibniz Centre for European Economic Research showed on Tuesday.

The ZEW Indicator of Economic Sentiment climbed to a four-month high of minus 28.0 points in June from -34.3 in May. The reading was forecast to rise to -27.5.

The current situation index also improved in May, by 8.9 points to minus 27.6 points. The expected score was -31.0.

Financial market experts are less pessimistic about the economy, ZEW President Achim Wambach, said.

However, the economy is still exposed to numerous risks, such as the effects of the sanctions against Russia, the unclear pandemic situation in China and the gradual change of course in monetary policy, Wambach added.

Economic confidence in the Eurozone improved in June. The economic sentiment index gained 1.5 points to -28.0. The situation indicator rose 8.6 points to a new level of minus 26.4 points.

Further, the survey showed that inflation expectations for the Eurozone declined again in June. The indicator came in at minus 32.4 points, which was 21.8 points lower than in May.

Earlier in the day, the statistical office confirmed a record high inflation for May. Germany's consumer price inflation accelerated to 7.9 percent from 7.4 percent in April, driven by higher energy prices. A similarly high inflation was last reported in winter 1973/74.

At the same time, wholesale price inflation moderated from a record level in May. Nonetheless, wholesale prices logged a double-digit growth of 22.9 percent annually after rising 23.8 percent in April.

Tag: EUR

baca selengkapnya

Eurozone Private Sector Growth At 4-Month Low

The euro area private sector softened to a four-month low in October as activity in France shifted back into contraction amid tightening financial conditions and rising political pressures, flash purchasing managers' survey data from S&P Global revealed Friday. The composite output index fell to 51.9 in October from 53.1 in the previous month, falling below the economist forecast of 52.7.

RTTNews | 20 jam 18 menit yang lalu

Eurozone Consumer Confidence Sinks To 5-Month Low Amid Widespread Unrest Against Inflation

Euro area consumer sentiment eroded at a faster-than-expected pace in October to reach its lowest level in five months as several countries witness public unrest against a host of issues from the rising cost of living to poor education infrastructure.

RTTNews | 1 hari yang lalu

French Manufacturing Sentiment Highest Since Mid-2022

French manufacturing confidence rose to its highest level since July 2022 with robust improvement in opinion related to global and foreign order books, survey results from the statistical office INSEE showed Thursday. The manufacturing sentiment index climbed to 105 in October from 101 in the previous month. The score was the highest since July 2022.

RTTNews | 1 hari yang lalu

German ZEW Economic Sentiment Deteriorates

German economic confidence deteriorated more than expected in October as private spending and investment remained weak due to high energy prices, survey results from the Mannheim-based Centre for European Economic Research, or ZEW, showed Tuesday. The economic confidence index fell to a three-month low of 28.1 in October from 34.7 in the previous month. The score was forecast to drop to 30.2.

RTTNews | 3 hari yang lalu

Eurozone Industrial Output Drops For Third Month

The euro area industrial production declined for the third straight month in August, suggesting that harsh weather and rising energy prices weighed on industrial activity. Industrial output dropped 0.5 percent on a monthly basis in August, which was bigger than the 0.3 percent fall posted in July, data from Eurostat showed Thursday.

RTTNews | 8 hari yang lalu

German Exports Log Unexpected Fall; Imports Recover

Germany's exports registered an unexpected fall in August, while imports logged a moderate recovery, official data showed Thursday. Exports dropped 0.8 percent on a monthly basis, following a 0.5 percent decrease in July, Destatis reported. Exports were expected to grow 0.8 percent.

RTTNews | 15 hari yang lalu

German Industrial Production Rebounds

Germany's industrial production rebounded in August despite summer heatwave and geopolitical tensions, official data showed Wednesday. Industrial output expanded 2.0 percent on a monthly basis, in contrast to the 1.2 percent decrease in July, Destatis said. Production was expected to grow 0.5 percent.

RTTNews | 16 hari yang lalu

German Factory Orders Plunge

Germany's factory orders declined sharply in August largely due to the fall in demand for aircraft, ships, trains and military vehicles, official data revealed Tuesday. Factory orders plunged 10.6 percent from the previous month, in contrast to the 3.2 percent rise in July, Destatis reported. Orders were forecast to decrease moderately by 0.9 percent.

RTTNews | 17 hari yang lalu

EURUSD	1.1202	GBPUSD	1.3372
USDJPY	156.819	USDCAD	1.39976