Eurozone Economic Sentiment At 7-Month High

RTTNews | il y a 845
Eurozone Economic Sentiment At 7-Month High

(RTTNews) - Eurozone economic confidence strengthened to a seven-month high in January as there were strong improvements across all sectors except construction, survey data from the European Commission showed Monday. The economic confidence index rose to 99.9 in January from revised 97.1 in the previous month. Sentiment improved for the third consecutive month to hit the highest level since last June, when the reading was 103.1.

The increase in overall confidence reflected strong gains in industry, services, retail trade and consumer sentiment, while morale declined in construction.

Underpinned by managers' production expectations, the industrial sentiment index improved to 1.3 from -0.6 a month ago. The index turned positive for the first time in four months.

At 10.7, the services confidence index reached the highest since June. The score rose from 7.7 in December and economists' forecast of 7.9.

The consumer confidence index matched the flash estimate of -20.9 in January versus -22.1 in the prior month. Sentiment strengthened for the fourth successive month as households were more positive about the general economic situation.

Driven by strong improvements in managers' assessments of the past and expected business situation, sentiment among retailers improved in January with the index rising to -0.8 from -2.7.

In contrast, reflecting a sharp fall in employment expectations, the construction sentiment index slid to 1.3 from 3.6.

The employment expectations indicator increased by 2.7 points to 110.1 in January, and stayed well above its long-term average.

Further, the survey showed that selling price expectations lessened in industry, retail trade and construction, while they increased slightly in services. Consumer price expectations weakened again in January.

"The improvement in economic sentiment in January is consistent with the picture painted by other surveys," Capital Economics economist Jack Allen-Reynolds said.

"But the high level of firms' selling price expectations shows that the ECB's work is far from done."

The European Central Bank is widely expected to raise interest rates by 50 basis points in the policy session on Thursday.

read more
Germany Logs Stronger Growth On Tariff Threats

Germany Logs Stronger Growth On Tariff Threats

The German economy grew at a stronger-than-estimated pace in the first quarter as higher tariff threats by the U.S. administration led to the frontloading of orders for the country's goods, lifting exports and industrial production. Gross domestic product grew 0.4 percent, which was double the initial estimate of 0.2 percent, a detailed report from Destatis revealed on Friday.
RTTNews | il y a 18h 54min
Eurozone Private Sector Shrinks For First Time In 5 Months

Eurozone Private Sector Shrinks For First Time In 5 Months

The euro area private sector logged a renewed fall in May due to a sharp downturn in services activity, flash purchasing managers' survey compiled by S&P Global showed on Thursday. The flash composite output index fell to 49.5 in May from 50.4 in April. The score fell below the 50.0 no-change mark for the first time in five months.
RTTNews | il y a 1
German Ifo Business Sentiment Strengthens; Composite PMI Falls

German Ifo Business Sentiment Strengthens; Composite PMI Falls

German business confidence strengthened in May as companies became less concerned about uncertainties regarding trade tariffs, a closely watched survey showed Thursday. The Purchasing Managers' survey compiled by S&P Global today showed that the German private sector activity contracted the most in five months in May due to a deepening downturn in the service sector.
RTTNews | il y a 1
Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU

Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU

Eurozone economic growth outlook was downgraded substantially for 2025 due to the impact of higher trade tariffs and elevated uncertainty and disinflation would proceed more swiftly than anticipated with headline inflation set to hit the 2 percent target by the middle of this year, the European Commission said Monday.
RTTNews | il y a 4
Eurozone Trade Surplus Surges On Exports To US

Eurozone Trade Surplus Surges On Exports To US

The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.
RTTNews | il y a 7
Eurozone GDP Expands 0.3% In Q1; Employment Growth Improves

Eurozone GDP Expands 0.3% In Q1; Employment Growth Improves

Euro area economic growth accelerated less than estimated in the first quarter and employment logged a faster increase, flash estimate from Eurostat showed on Thursday. Gross domestic product expanded 0.3 percent on a quarterly basis, which was revised down from the 0.4 percent growth estimated on April 30. This followed the fourth quarter's 0.2 percent expansion.
RTTNews | il y a 8
German ZEW Investor Confidence Rebounds In May

German ZEW Investor Confidence Rebounds In May

German investor confidence rebounded in May as the formation of new government as well as the progress in the tariff disputes strengthened expectations, a survey published by the think tank ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment climbed sharply by 39.2 points to 25.2 in May. However, the assessment about the current economic situation remained deep in the negative terri
RTTNews | il y a 10
German Exports Rise More Than Forecast

German Exports Rise More Than Forecast

Germany's exports increased more than expected in March driven by robust shipments to the US and China, official data revealed on Thursday. Exports increased 1.1 percent on a monthly basis in March but this was weaker than February's 1.8 percent gain, Destatis reported. Shipments were expected to climb 1.0 percent. Meanwhile, imports fell unexpectedly by 1.4 percent, reversing a 0.5 percent ris
RTTNews | il y a 16