Eurozone Investor Confidence Highest In 7 Months

RTTNews | 213 days ago

(RTTNews) - Euro area investor sentiment strengthened to a seven-month high in February as economic expectations increased dynamically despite tariff threats, results of the monthly survey by the behavioral research institute Sentix showed on Monday.

The Sentix investor confidence index climbed to -12.7 in February from -17.7 in January. The reading was the highest since July 2024. The score was forecast to improve moderately to -16.4.

Although the current assessment improved in February, it remained in the deep red. The corresponding index rose to -25.5 from -29.5 in January.

On the other hand, the expectations index advanced to +1.0 from -5.0, exceeding the magic zero line for the first time since July 2024.

With the improved economic outlook, hopes of more significant support measures from the European Central Bank are also dwindling, Sentix said. The room for maneuver threatens to narrow as the inflation trend remains a negative factor.

Last month, the ECB had lowered its interest rates for a fourth policy session in a row. The quarter point reduction took the deposit rate to the lowest since February 2023.

German investor morale also brightened on hopes of a political turnaround after the federal elections on February 23. Nonetheless, the think tank said Germany's recessionary economy is hanging like a lead weight on the Eurozone.

Germany's investor sentiment index improved to -29.7 from -33.3 to mark the highest level since July 2024.

The current situation indicator held steady at -50.8 in February. Meanwhile, the expectations index surged to -5.8 from -13.8 in January.

Tags: EUR

French Industrial Output Falls Most In 3 Months

France's industrial production declined at the fastest pace in three months in July on sharp contractions in production of transport equipment and machinery, signaling a weak start to the third quarter after Prime Minister François Bayrou lost a confidence vote in the Parliament this week. Industrial production logged a monthly fall of 1.1 percent in July.

RTTNews | 2 days ago

German Industrial Output Rebounds; Exports Fall

Germany's industrial output expanded for the first time in four months in July, while exports declined on weaker demand from the United States and China. Industrial production rose 1.3 percent month-on-month in July, data from Destatis showed Monday. The expansion reversed June's decrease of 0.1 percent, which was revised sharply from a 1.9 percent drop estimated initially.

RTTNews | 3 days ago

Eurozone GDP Growth Confirmed At 0.1%

The eurozone economy registered a marginal growth in the second quarter, as initially estimated, as growth in consumption was partially offset the decline in investment, official data showed Friday. In the revised report, Eurostat confirmed that gross domestic product grew 0.1 percent sequentially, after rising 0.6 percent in the first quarter.

RTTNews | 6 days ago

Eurozone Retail Sales Fall More Than Forecast

Eurozone retail sales declined more than expected in July largely reflecting a notable fall in food and auto fuel sales, official data showed Thursday. Retail sales posted a monthly fall of 0.5 percent, in contrast to the 0.6 percent increase in June, Eurostat reported. Sales were expected to fall 0.3 percent.

RTTNews | 7 days ago

German Construction Sector Downturn Deepens

Germany's construction sector shrank further in August largely due to the steep fall in new orders, survey results from S&P Global showed on Thursday. The HCOB construction Purchasing Managers' Index fell to 46.0 in August from July's 29-month high of 46.3.

RTTNews | 7 days ago

Eurozone Private Sector Growth At 1-Year High

The euro area private sector expanded at the fastest pace in a year in August but the overall pace was sluggish as the service sector held back growth, final survey data from S&P Global showed on Wednesday. The HCOB composite output index rose to 51.0 in August from 50.9 in July. The score was slightly below the initial estimate of 51.1.

RTTNews | 8 days ago

Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

Euro area inflation modestly accelerated to a four-month high, and the core figure was steady around the 2 percent target in August as a slight slowing in both food price growth and services inflation was offset by a smaller decline in energy prices, which suggests that the European Central Bank is set to hold interest rates steady in future policy sessions.

RTTNews | 8 days ago

Eurozone Inflation Rises Slightly To 2.1%

Eurozone inflation rose marginally in August but the rate remained near to the European Central Bank's 2 percent target, official data revealed on Tuesday. The harmonized index of consumer prices rose 2.1 percent year-on-year in August, slightly faster than the 2.0 percent increase in July, flash data from Eurostat showed.

RTTNews | 9 days ago

EURUSD	1.17268	GBPUSD	1.35578	AUDUSD	0.6648
USDJPY	147.217	USDCAD	1.38414	USDCHF	0.79597