Eurozone GDP Remains Stable As Estimated

RTTNews | Před 540 dny

(RTTNews) - The euro area economy stagnated at the end of 2023, as initially estimated, and avoided a technical recession.

Gross domestic product flat-lined sequentially, following a 0.1 percent fall in the third quarter, revised data from Eurostat showed on Friday.

The fourth quarter's rate matched the estimate published on February 14.

Confirming the annual growth, the statistical office said the currency bloc grew 0.1 percent, the same pace of growth as seen in the preceding period.

On the expenditure-side, household spending grew 0.1 percent, which was weaker than the 0.3 percent rise a quarter ago.

Government expenditure registered a steady growth of 0.6 percent. At the same time, gross fixed capital formation climbed at a faster pace of 1.0 percent after remaining flat.

Exports were unchanged, while imports advanced 0.6 percent.

The full year growth in the euro area eased sharply to 0.4 percent from 3.4 percent in 2022.

The European Central Bank had retained its key interest rates unchanged on Thursday. The ECB staff lowered the growth projection for this year to 0.6 percent.

The ECB expects growth to come in at 1.5 percent next year and 1.6 percent in 2026, supported initially by consumption and later also by investment.

Eurostat data showed that the number of employed persons increased 0.3 percent from a quarter ago after rising 0.2 percent in the third quarter.

Compared to a year ago, employment advanced 1.2 percent following a 1.4 percent rise in the prior period.

Značky : EUR

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.

RTTNews | Před 1 dnem

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | Před 1 dnem

French Inflation Cools; Economy Expands As Estimated

France's consumer price inflation softened in August on weaker growth in transport costs and the economy logged a faster growth as estimated in the second quarter, official data revealed Friday. Consumer price inflation weakened marginally to 0.9 percent in August from 1.0 percent in July, provisional data from the statistical office INSEE showed.

RTTNews | Před 1 dnem

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

RTTNews | Před 2 dny

German GfK Consumer Confidence To Fall Further

German consumer confidence is set to continue to fall in September as rising fear of job losses weighed on purchase decisions and damped hopes of robust economic recovery, a closely watched survey showed on Wednesday. The forward-looking consumer sentiment index fell to -23.6 in September from -21.7 in the previous month. The reading was forecast to drop moderately to -22.

RTTNews | Před 3 dny

French Consumer Sentiment Weakest Since 2023

France's consumer confidence weakened to the lowest level since October 2023 largely due to the weaker outlook for standard of living and the fall in saving intentions. The consumer sentiment index edged down to 87 in August from 88 in July. This was the lowest reading since October 2023 and remained below its long-term average of 100.

RTTNews | Před 4 dny

German Ifo Business Confidence Strongest Since 2024

German business sentiment hit the highest level in more than two years in August on expectations that the fiscal stimulus would help to kickstart the economic recovery. The business climate index rose to 89.0 in August from 88.6 in the previous month. This was the highest score since April 2024 and also came in above economists' forecast of 88.6. The German economy's recovery remains weak.

RTTNews | Před 5 dny

Eurozone Consumer Confidence Weakens More Than Expected In August

Euro area consumer sentiment deteriorated more than expected in August to a four-month low, after a strong improvement in the previous month, preliminary results of the monthly survey by the European Commission revealed on Thursday.

RTTNews | Před 9 dny

EURUSD	1.1684	GBPUSD	1.34987	AUDUSD	0.6538
USDJPY	147.04	USDCAD	1.3741	USDCHF	0.80047