German Inflation Weakest Since Early 2022

RTTNews | 763日前

(RTTNews) - Germany inflation slowed in September to the lowest since the outbreak of the war in Ukraine, provisional data from Destatis showed on Thursday.

The consumer price index registered an annual increase of 4.5 percent in September, following a 6.1 percent rise in August. This was the lowest rate since February 2022, when inflation stood at 4.3 percent and also weaker than economists' forecast of 4.6 percent.

Likewise, excluding food and energy, core inflation softened to 4.6 percent from 5.5 percent in the previous month.

At 7.5 percent, food prices continued to log above-average growth. However, energy prices gained only 1.0 percent due to the low base of comparison. In August, energy prices were up 8.3 percent.

The year-on-year increase in goods cost weakened to 5.0 percent from 7.1 percent. Similarly, services cost rose at a slower pace of 4.0 percent after climbing 5.1 percent.

On a monthly basis, the CPI was up 0.3 percent, the same rate as seen in August and slightly below the expected rate of 0.4 percent.

Data showed that harmonized index of consumer prices advanced 4.3 percent annually in September, which was much slower than the prior month's 6.4 percent gain. Prices were forecast to grow 4.7 percent.

The monthly growth in the HICP halved to 0.2 percent from 0.4 percent in August, while the rate was expected to remain unchanged at 0.4 percent.

Flash inflation data for the 20-nation currency bloc is due on September 29. Eurozone inflation is forecast to slow to 4.5 percent from 5.2 percent in August.

タグ: EUR

ECB Holds Interest Rates Steady Amid Uncertain Outlook

The European Central Bank maintained its key interest rates unchanged for a third policy session in a row on Thursday, as expected, as policymakers assessed that the outlook was broadly unchanged, but still uncertain due to global trade conflicts and geopolitical tensions.

RTTNews | 12時7分前

Eurozone GDP Growth Beats Expectations

The euro area economy expanded at a faster pace in the third quarter as France and Spain reported strong growth, while Germany and Italy experienced stagnation, amid a highly uncertain outlook due to the ongoing trade policies and political instability. Gross domestic product climbed 0.2 percent sequentially in the September quarter, preliminary flash estimate from Eurostat showed on Thursday.

RTTNews | 12時52分前

German Economy Stagnates On Weaker Exports; Unemployment Falls

The German economy stagnated in the third quarter, narrowly dodging a recession as higher U.S. tariffs damped exports and the optimism about the fiscal stimulus faded, while unemployment logged an unexpected moderate fall. Gross domestic product remained unchanged, as expected, following a revised decline of 0.2 percent in the second quarter, the preliminary estimate from Destatis revealed on T

RTTNews | 13時47分前

French GDP Growth Accelerates Unexpectedly

France's economic growth accelerated in the third quarter despite political uncertainty and trade tensions, official data revealed on Thursday. Gross domestic product registered a quarterly growth of 0.5 percent, following a 0.3 percent rise in the second quarter, the statistical office INSEE reported. The growth was expected to ease to 0.2 percent.

RTTNews | 19時19分前

German GfK Consumer Sentiment To Continue Falling On Weak Income Expectations

German consumer confidence is likely to continue its downward trend in November on weaker income expectations, monthly survey data published jointly by NIQ/GfK and the Nuremberg Institute for Market Decisions showed Tuesday. The forward-looking consumer climate indicator fell unexpectedly to -24.1 in November from revised -22.5 in October. The score was expected to improve to -22.0.

RTTNews | 2日前

German Business Confidence Improves On Stronger Expectations: Ifo

Business morale in Germany rebounded more than expected in October as companies' expectations were the strongest in over three-and-a-half years, though they gave a weaker assessment of the current situation for a third month in a row, results of a closely watched survey by the ifo institute showed on Monday.

RTTNews | 3日前

Eurozone Household Lending Growth Fastest Since 2023

Lending to euro area households increased at the fastest pace since March 2023 but lending to businesses softened amid rising risks to economic growth. Adjusted loans to households grew 2.6 percent year-on-year in September, following a 2.5 percent rise in August, data from the European Central Bank showed on Monday. This was the fastest growth since March 2023.

RTTNews | 3日前

Eurozone Private Sector Growth At 17-Month High

The euro area private sector growth accelerated to a 17-month high in October as new orders registered a steeper growth despite continuing fall in business from abroad. The flash HCOB composite output index climbed unexpectedly to 52.2 in October from 51.2 in September. The reading was expected to fall to 51.0.

RTTNews | 6日前

EURUSD	1.15705	GBPUSD	1.31523	AUDUSD	0.65482
USDJPY	153.805	USDCAD	1.39878	USDCHF	0.80165