Eurozone Private Sector Expands More Than Estimated

RTTNews | 50 일 전
Eurozone Private Sector Expands More Than Estimated

(RTTNews) - The euro area private sector expanded more than previously estimated in June as both manufacturing and services sectors registered higher output, final survey results from S&P Global showed on Thursday. The HCOB final composite output index advanced to 50.6 in June from 50.2 in May. The initial estimate showed that the score held steady at 50.2 in June.

Although the score signaled only marginal growth, it was the highest in three months.

The survey showed that higher output was recorded for the sixth consecutive month and employment increased for the fourth month in a row.

Further, the ongoing downturn in new orders showed signs of ending and the outlook hit the strongest in nearly a year.

On the price front, the survey showed that input price inflation was unchanged from May's six-month low. Manufacturing output prices declined in June whereas service providers lifted their charges at a rate that remained above the long-run average. Among big-four economies, Spain reported the fastest expansion in June. The composite output index stood at 52.1 in June, up from 51.4 in May.

The HCOB services PMI advanced unexpectedly to 51.9 from 51.3 in the prior month. The score was expected to fall to 51.1. Italy's economy expanded for the fifth month running, albeit at the softest rate since March. The composite PMI registered 51.1 compared to 52.5 a month ago. The services PMI declined to 52.1 from 53.2 and was also below the forecast of 52.8. Germany returned to growth with a fifth rise in output in 2025 so far, albeit at a weak pace. The composite output index climbed to 50.4 in June from 48.5 in the prior month. The flash score was 50.4.

At the same time, the services PMI improved more-than-estimated to 49.7 in June from 47.1 in the previous month. The flash reading was 49.4.

France remained the laggard with activity declining for the tenth straight month in June. The HCOB composite output index logged 49.2 in June, broadly unchanged from the reading of 49.3 in May and well above the flash score of 48.5. At 49.6, the services PMI was up from 48.9 in May and the initial score of 48.7.

read more
Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone private sector expanded at the fastest pace in 15 months in August on stronger growth in manufacturing output despite challenges posed by U.S. trade tariffs. The HCOB flash composite output index climbed more-than-expected to 51.1 in August from 50.9 in July, survey results from S&P Global revealed Thursday. The score was seen at 50.7.
RTTNews | 1 일 전
Eurozone Trade Surplus Declines Sharply In June

Eurozone Trade Surplus Declines Sharply In June

The euro area trade surplus declined sharply in June as exports remained weak amid a rebound in imports, official data revealed on Monday. The trade balance registered a surplus of EUR 7.0 billion compared to May's surplus of EUR 16.5 billion, Eurostat reported. Compared to last year, the surplus contracted by EUR 13.7 billion from EUR 20.7 billion.
RTTNews | 4 일 전
Eurozone GDP Rises 0.1% As Estimated

Eurozone GDP Rises 0.1% As Estimated

The euro area economy grew at a marginal pace in the second quarter as initially estimated, and companies generated jobs modestly, official data showed on Thursday. Another data from Eurostat showed that industrial production remained weak in the second quarter as the positive impact from frontloading of orders from the US faded.
RTTNews | 8 일 전
German ZEW Economic Confidence Deteriorates On Trade Deal

German ZEW Economic Confidence Deteriorates On Trade Deal

Economic sentiment in Germany deteriorated sharply in August due to the disappointing trade agreement reached with the United States, and also due to the declining economic output in the second quarter, results of the monthly survey conducted by the think tank ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment plummeted to a three-month low of 34.7 in August.
RTTNews | 10 일 전
German Industrial Output Declines Most In 11 Months

German Industrial Output Declines Most In 11 Months

Germany's industrial production logged its biggest fall in nearly a year in June, data from Destatis revealed on Thursday. Industrial output decreased 1.9 percent on a monthly basis in June, worse than the economists' forecast of 0.4 percent drop. This was the biggest fall since July 2024.Production for May was revised down from the initially estimated 1.2 percent increase.
RTTNews | 15 일 전
German Exports Recover In June

German Exports Recover In June

Germany's exports grew for the first time in three months in June despite falling shipments to the US, data from Destatis revealed Thursday. Exports advanced 0.8 percent on a monthly basis in June, reversing a fall of 1.4 percent in May. Shipments were expected to rise 0.5 percent. Reflecting the impact of higher tariff, exports to the United States dropped 2.1 percent on a monthly basis.
RTTNews | 15 일 전
Eurozone Retail Sales Recover In June

Eurozone Retail Sales Recover In June

Euro area retail sales rebounded in June suggesting that household spending likely supported economic growth in the second quarter, official data revealed on Wednesday. Retail sales grew 0.3 percent on a monthly basis in June, offsetting May's 0.3 percent decline, Eurostat said. However, this was marginally weaker than economists' forecast for a 0.4 percent increase.
RTTNews | 16 일 전