Euro Area Jobless Rate Eases To 6.2% As Expected

Eurozone GDP Growth Accelerates To 0.6%

The euro area economic growth doubled in the first quarter on household spending, investment and exports, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.6 percent in the first quarter, which was faster than the initial estimate of 0.3 percent, Eurostat said. This followed a 0.3 percent rise in the fourth quarter of 2024.

RTTNews | 3 dias atrás

German Industrial Output Drops; Exports Fall

German industrial production declined more than expected in April as the temporary boost from the frontloading of orders ahead of the US tariff hikes faded, data from Destatis revealed on Friday. Another data showed that Germany's trade surplus declined in April as exports to the US logged a double-digit decline amid a notable growth in imports. Industrial output declined 1.4 percent.

RTTNews | 3 dias atrás

ECB Cuts Interest Rates By 25 Bps As Inflation Forecasts Lowered

The European Central Bank slashed its interest rates by 25 basis points on Thursday, in line with expectations, while the staff trimmed the euro area price growth projections for this year and next citing prospects of energy prices and stronger euro going forward.

RTTNews | 3 dias atrás

German Manufacturing Orders Rise Unexpectedly

German manufacturing orders increased in April confounding fears that higher tariffs by the US administration would hit the factory sector, official data revealed Thursday. Factory orders rose 0.6 percent month-on-month in April, following a revised 3.4 percent rise in March, Destatis said. This was the second consecutive month of growth. Orders were expected to fall 1.0 percent.

RTTNews | 4 dias atrás

Eurozone Private Sector Expands For Fifth Month

Euro area private sector expanded for the fifth straight month in May, but the upturn was only fractional and the slowest in three months, final results of the purchasing managers' survey by S&P Global showed on Wednesday. The HCOB composite output index fell to 50.2 in May from 50.4 in April. However, the score was above the threshold 50-mark and also the flash estimate of 49.5.

RTTNews | 5 dias atrás

Eurozone Inflation Falls Below 2% Target To Boost ECB Rate Cut Hopes

Euro area inflation fell below the 2 percent target in May largely due to the slowdown in services inflation and reinforced expectations for another interest rate reduction from the European Central Bank later this week. Inflation softened more-than-expected to 1.9 percent in May from 2.2 percent in April, figures from Eurostat revealed on Tuesday. The rate was expected to slow to 2.0 percent.

RTTNews | 6 dias atrás

Eurozone Manufacturing Activity Contraction Slows

Euro area factory activity fell at the slowest pace in more than two years in May, signaling a gradual progress towards recovery, final results of the purchasing managers' survey from S&P Global showed on Monday. The HCOB final manufacturing Purchasing Managers' Index rose to 49.4 in May, in line with the flash estimate, from 49.0 in April.

RTTNews | 7 dias atrás

German Unemployment Rises More Than Expected

Joblessness in Germany increased more than expected in May as a weak economy continued to impede job creation, official data revealed on Wednesday. The number of unemployed increased sharply by 34,000 in May compared to April's rise of 6,000, the Federal Employment Agency said. Economists expected a monthly increase of 12,000.

RTTNews | 12 dias atrás

EURUSD	1.14059	GBPUSD	1.35432	AUDUSD	0.65193
USDJPY	144.607	USDCAD	1.36854	USDCHF	0.82162

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Euro Area Jobless Rate Eases To 6.2% As Expected