EUR Forex News
German Consumer Sentiment To Hit 2-Year High In May
Germany's consumer confidence is set to rise again in May to hit a two-year high as households turned more optimistic about future income, adding to the list of positive indicators that suggests the biggest euro area economy is likely to undergo a very shallow recession. The forward-looking consumer sentiment index rose to -24.2 in May from a revised value of -27.3 in April.
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1 day ago
German Ifo Business Confidence Near 1-Year High
Germany's business sentiment strengthened for the third straight month to a near one-year high in April on a notable improvement in confidence among service providers. The business confidence index climbed to 89.4 in April from a revised 87.9 in March, monthly survey results from the ifo Institute showed on Wednesday. This was the highest score since May 2023, when the reading was 91.4.
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2 days ago
Eurozone Private Sector Growth Strongest In Almost A Year
The euro area private sector expanded the most in nearly a year in April as the continuing downturn in the manufacturing activity was offset the strength in the service sector, flash survey results from S&P Global showed on Tuesday. The composite output index registered 51.4 in April, up from 50.3 in March. The reading stayed above economists' forecast of 50.8.
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3 days ago
Eurozone Construction Output Rises For Third Month
Euro area construction output grew for a third straight month in February and at a stronger pace, mainly led by civil engineering works and rebound in building construction, preliminary data from the statistical office Eurostat showed Thursday. Construction output rose a calendar and seasonally adjusted 1.8 percent month-on-month following a downwardly revised 0.2 percent gain in January.
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8 days ago
German Economic Confidence Strengthens On Recovery Hopes
Germany's economic confidence strengthened more-than-expected to hit the highest in more than two years in April as investors anticipate the economy to pick up over the coming months amid the global recovery, survey results from the think tank ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment surged to 42.9 in April from 31.7 in the previous month. The reading was seen at 35.1.
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10 days ago
Eurozone Industrial Production Recovers In February
Eurozone industrial production recovered in February driven by the rebound in capital and durable consumer goods output, official data revealed on Monday. Industrial production grew 0.8 percent on a monthly basis in February, Eurostat reported. This was in contrast to the 3.0 percent contraction seen in January but matched economists' expectations.
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11 days ago
Eurozone Lenders To Tighten Credit Standards For Loans To Firms, Demand To Fall - ECB
Eurozone lenders intend to tighten conditions for loans to firms in the second quarter and they expect a fall in demand for loans from enterprises, the bank lending survey results from the European Central Bank showed on Tuesday. Lenders plan to moderately tighten credit standards for loans to firms and maintain credit standards for loans to households in the second quarter.
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17 days ago
German Industrial Output Growth Accelerates; Exports Fall
Germany's industrial production growth accelerated more than expected in February but exports declined amid rising imports, pushing the trade surplus below expectations, official data revealed on Monday. Industrial output posted a monthly growth of 2.1 percent, following a revised 1.3 percent rise in January, Destatis reported.
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18 days ago
Eurozone Investor Confidence Strongest Since Early 2022 - Sentix
Euro area investor confidence strengthened for the sixth month in a row to reach a 26-month high in April as expectations turned positive for the first time since the start of the war in Ukraine. The headline investor sentiment index advanced to -5.9 in April from -10.5 in March, data from the behavioral research institute Sentix showed Monday. This was the highest score since February 2022.
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18 days ago
German Factory Orders Recover In February
Germany's factory orders expanded in February after declining sharply at the start of the year, signalling that the recession is likely to be relatively mild. Factory orders posted a monthly growth of 0.2 percent in February, in contrast to the sharp 11.4 percent decline in January, data from Destatis showed on Friday. However, the rebound was weaker than economists' forecast of 0.8 percent grow
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21 days ago
