German Construction Sector Stays In Deep Contraction Zone

RTTNews | 846 일 전

(RTTNews) - Germany's construction sector continued to contract in April as rising interest rates and high construction prices dampened activity, survey results published by S&P Global showed on Friday. The HCOB construction Purchasing Managers' Index fell to 42.0 in April from 42.9 in the previous month.

The score has remained below the 50.0 mark that separates growth from contraction. Moreover, the reading signaled the weakest performance since December last year.

The fall in construction activity was broad-based in April with the housing sector posting the sharpest decline. Housing activity registered the deepest downturn since February 2012.

Civil engineering also declined at a faster pace. Meanwhile, work on commercial building projects dropped at a slower pace.

There was a sustained downturn in new orders in April. New orders declined at the quickest pace since November last year.

Building companies reduced their staffing levels in tandem with falling workloads. As well as reducing staffing capacity, companies scaled back their purchasing activity.

Consequently, pressure on construction supply chains alleviated. Delivery times on purchases shortened notably. Further, the survey showed that input price inflation eased to the lowest since August 2009.

Companies remained pessimistic about the outlook over the coming twelve months. That said expectations reached the highest since February 2022.

Although there are some vague signs of stabilization, there can certainly be no talk of an imminent turnaround, Hamburg Commercial Bank Chief Economist Cyrus de la Rubia said.

태그 : EUR

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 | 42 분 전

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 | 1 일 전

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 | 2 일 전

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 | 3 일 전

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 | 6 일 전

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 | 7 일 전

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 | 10 일 전

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 | 14 일 전

EURUSD	1.16696	GBPUSD	1.35121	AUDUSD	0.65253
USDJPY	147.016	USDCAD	1.37669	USDCHF	0.80221