Eurozone Consumer Confidence Weakens More Than Expected

RTTNews | 69 days ago
Eurozone Consumer Confidence Weakens More Than Expected

(RTTNews) - Euro area consumer sentiment eroded for a second month in a row in April to its lowest level in one-and-a-half years, survey data from the European Commission showed on Tuesday.

The flash consumer confidence index slid to -16.7 from -14.5 in March. Economists had expected a score of -15.0. The latest reading was the lowest since -16.9 in November 2023.

The corresponding index for the EU shed 2.1 percentage points to reach -16.0.

Consumer confidence moved further away from its long-term average to its lowest level in 18 months, the EU said.

Survey data was collected from April 1 to 21. Final results of the consumer confidence survey for April are set to be released along with the monthly economic sentiment survey data on April 29.

read more
Eurozone Household Lending Grows Most In 2 Years

Eurozone Household Lending Grows Most In 2 Years

Lending to euro area households grew the most in two years in May and overall private sector credit growth remained stable, data from the European Central Bank revealed on Monday. Adjusted loans to households increased 2.0 percent year-on-year in May, the strongest since May 2023, when it was up 2.1 percent. Meanwhile, loans to businesses grew 2.5 percent from a year ago.
RTTNews | 22h 21min ago
Eurozone Economic Sentiment Falls Unexpectedly

Eurozone Economic Sentiment Falls Unexpectedly

Eurozone economic sentiment weakened unexpectedly in June primarily driven by reduced confidence in industry and retail trade, a monthly survey data from the European Commission showed on Friday. The economic confidence index fell to 94.0 in June from 94.8 in May. The score was forecast to rise to 95.1. The industrial confidence index posted -12.0 in June, down from -10.4 a month ago.
RTTNews | 3 days ago
French Inflation Accelerates In June

French Inflation Accelerates In June

France's inflation accelerated more than expected in June largely due to higher services costs but the overall rate remained below the 2 percent target, preliminary estimate from the statistical office INSEE showed on Friday. Consumer prices increased 0.9 percent year-on-year in June, faster than the 0.7 percent rise in May. The rate was forecast to remain unchanged at 0.7 percent.
RTTNews | 4 days ago
German GfK Consumer Confidence To Drop In July

German GfK Consumer Confidence To Drop In July

German consumer confidence is set to drop in July after rising for three straight months as rising willingness to save offset the positive impetus provided by improved income prospects. The forward-looking consumer sentiment index fell unexpectedly to -20.3 in July from -20.0 in the previous month, a survey jointly published by the market research group GfK and the Nuremberg Institute for Market
RTTNews | 5 days ago
German Ifo Business Confidence Strongest In 13 Months

German Ifo Business Confidence Strongest In 13 Months

German business confidence rose to the highest level in 13 months in June driven by improving hopes that fiscal measures will underpin economic recovery, a closely watched survey showed on Tuesday. The business climate index registered 88.4 in June, up from 87.5 in May, the Munich-based ifo Institute revealed. This was the highest level since May 2024, when the reading was 88.9.
RTTNews | 7 days ago
Eurozone Private Sector Expands For Sixth Straight Month

Eurozone Private Sector Expands For Sixth Straight Month

The euro area private sector expanded for the sixth straight month in June as sustained increases in manufacturing output coincided with a stabilization of services activity, flash purchasing managers' survey results from S&P Global showed on Monday. The flash HCOB composite output index remained unchanged at 50.2 in June. The index posted above the 50.0 no change mark for the sixth month.
RTTNews | 7 days ago
German Private Sector Returns To Growth

German Private Sector Returns To Growth

Germany's private sector returned to growth in June, led by the manufacturing sector, flash data from S&P Global revealed on Monday.The HCOB composite output index stood at 50.4 in June, rebounding from a five-month low of 48.5 in May. A reading above the neutral 50.0 level signals expansion in the sector. Growth in manufacturing output was partly offset by a slower reduction in services activty
RTTNews | 7 days ago
French Private Sector Downturn Deepens

French Private Sector Downturn Deepens

France's private sector output declined further in June as both manufacturing and services activity entered the contraction territory, flash survey results from S&P Global showed on Monday. The HCOB flash composite output index declined to 48.5 in June from 49.3 in the previous month. A reading below 50.0 indicates contraction.
RTTNews | 8 days ago