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German Unemployment Rises More Than Forecast
(RTTNews) - Joblessness in German grew more than expected in June and the unemployment rate edged up, preliminary figures from the Federal Labor Agency showed Friday. The seasonally adjusted unemployment grew by 19,000 persons in June following a 25,000 increase in May. Economists had forecast a rise of 15,000.
The jobless rate rose to 6.0 percent after holding steady at 5.9 percent in the past few months. The rate was expected to remain unchanged.
The number of unemployed totaled 2.781 million versus 2.762 million in May. "The weakness in the labor market continues, with unemployment and underemployment rising noticeably in June on a seasonally adjusted basis," Federal Labor Agency Chief Andrea Nahles said.
"Companies continue to be reluctant to look for new staff."
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Eurozone Industrial Production Recovers In July
Eurozone industrial production recovered at a moderate pace in July due to the rebound in consumer and capital goods output despite tariff threats, official data showed Tuesday. Industrial production registered a monthly growth of 0.3 percent, in contrast to the 0.6 percent decrease in June, Eurostat reported. However, the rate was slightly weaker than the forecast of 0.4 percent.
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Před 8 h 59 min
German Economic Sentiment Rises In September
German economic confidence improved in September but financial market experts remained cautiously optimistic, a monthly survey conducted by the think tank ZEW showed on Tuesday. The ZEW indicator of economic confidence rose unexpectedly to 37.3 in September from 34.7 in the previous month. The score was expected to fall to 27.3.
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Před 11 h 15 min
ECB's Lagarde Says Eurozone Remains In "A Good Place", Risks More Balanced
European Central Bank President Christine Lagarde tread carefully on Thursday as she attempted to paint a rosier view for the euro area economy without dismissing the impact of the lingering uncertainty linked to the trade tariffs, the political turmoil in France and a stronger euro.
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Před 5 dny
French Industrial Output Falls Most In 3 Months
France's industrial production declined at the fastest pace in three months in July on sharp contractions in production of transport equipment and machinery, signaling a weak start to the third quarter after Prime Minister François Bayrou lost a confidence vote in the Parliament this week. Industrial production logged a monthly fall of 1.1 percent in July.
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Před 7 dny
German Industrial Output Rebounds; Exports Fall
Germany's industrial output expanded for the first time in four months in July, while exports declined on weaker demand from the United States and China. Industrial production rose 1.3 percent month-on-month in July, data from Destatis showed Monday. The expansion reversed June's decrease of 0.1 percent, which was revised sharply from a 1.9 percent drop estimated initially.
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Před 8 dny
Eurozone GDP Growth Confirmed At 0.1%
The eurozone economy registered a marginal growth in the second quarter, as initially estimated, as growth in consumption was partially offset the decline in investment, official data showed Friday. In the revised report, Eurostat confirmed that gross domestic product grew 0.1 percent sequentially, after rising 0.6 percent in the first quarter.
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Před 11 dny
Eurozone Retail Sales Fall More Than Forecast
Eurozone retail sales declined more than expected in July largely reflecting a notable fall in food and auto fuel sales, official data showed Thursday. Retail sales posted a monthly fall of 0.5 percent, in contrast to the 0.6 percent increase in June, Eurostat reported. Sales were expected to fall 0.3 percent.
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Před 12 dny
German Construction Sector Downturn Deepens
Germany's construction sector shrank further in August largely due to the steep fall in new orders, survey results from S&P Global showed on Thursday. The HCOB construction Purchasing Managers' Index fell to 46.0 in August from July's 29-month high of 46.3.
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Před 12 dny
