Eurozone Retail Sales Fall Unexpectedly

RTTNews | vor 120 Tagen
Eurozone Retail Sales Fall Unexpectedly

(RTTNews) - Eurozone retail sales declined unexpectedly in January on non-food and auto fuel sales, official data showed on Thursday.

Retail sales registered a monthly drop of 0.3 percent, confounding expectations for an increase of 0.1 percent.

Eurostat revised up retail sales for December to nil growth from the initial estimate of 0.2 percent fall.

On a yearly basis, retail sales growth softened to 1.5 percent from revised 2.2 percent in December. Sales were expected to grow 1.9 percent.

Sales of food, drinks, tobacco rebounded 0.6 percent from the prior month. Meanwhile, non-food product sales fell 0.7 percent and automotive fuel in specialized stores dropped 0.3 percent.

Capital Economics economist Franziska Palmas said the fall in retail sales adds to the impression that the euro-zone economy started 2025 on a weak footing.

Although rising real incomes and lower interest rate are likely to cause sales to pick up again later this year, consumer spending growth is set to be subdued in the coming quarters.

Data today showed that sales in the EU decreased 0.2 percent from December but increased 1.6 percent from the previous year in January.

read more
Eurozone Private Sector Expands More Than Estimated

Eurozone Private Sector Expands More Than Estimated

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 reading was well above the flash estimate of 50.2.
RTTNews | vor 22Std 4 Minuten
Eurozone Inflation Hits ECB Target

Eurozone Inflation Hits ECB Target

Euro area inflation rose slightly to hit the European Central Bank's 2 percent target in June on slower fall in energy prices and the rise in services inflation, flash estimate from Eurostat showed on Tuesday. Annual inflation climbed to 2.0 percent in June from 1.9 percent in May. The rate reached the inflation target and also matched economists' expectations.
RTTNews | vor 2 Tagen
Eurozone Manufacturing Sector Contraction Slows In June

Eurozone Manufacturing Sector Contraction Slows In June

Eurozone manufacturing activity contracted at a slower pace in June as output showed a sustained expansion and total new work stabilized ending a 37-month period of decline, final survey data from S&P Global showed on Tuesday. The HCOB manufacturing Purchasing Managers' Index posted 49.5 in June, up from 49.4 in May. This was the highest score since August 2022.
RTTNews | vor 2 Tagen
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 | vor 3 Tagen
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 | vor 6 Tagen
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 | vor 7 Tagen
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 | vor 8 Tagen