Eurozone Retail Sales Rise For First Time In 5 Months

RTTNews | 165 days ago
Eurozone Retail Sales Rise For First Time In 5 Months

(RTTNews) - Eurozone retail sales grew for the first time in five months in February but the pace of growth was weaker than expected, official data revealed Monday. Retail trade increased 0.3 percent month-on-month in February, after remaining flat in the previous three months, Eurostat reported.

Although this was the first increase since September, the rate was slower than the forecast of 0.5 percent.

Sales of food, drinks and tobacco logged a monthly growth of 0.3 percent after rising 0.5 percent. Non-food product sales also gained 0.3 percent but in contrast to the 0.2 percent fall in January.

At the same time, automotive fuel in specialized stores showed a monthly growth of 0.2 percent following a nil growth in January.

Year-on-year, retail sales increased 2.3 percent compared to a rise of 1.8 percent in January. Sales were expected to grow again by 1.8 percent in February. Retail sales in the EU27 moved up 0.2 percent in February from the previous month and climbed 2.0 percent from a year ago.

Among member states, the highest monthly increases in the total retail trade volume were recorded in Cyprus, Estonia and Lithuania. Meanwhile, the largest decreases were seen in Bulgaria, the Netherlands and Poland.

Consumer spending is likely to grow at a moderate pace over the coming months, Capital Economics economist Ankita Amajuri said.

Unless some of the tariffs announced by US President Donald Trump last week are reversed, the hit to activity and confidence mean that spending growth could be weaker than the quarterly average of 0.3 percent that are currently forecasting, the economist noted.

read more
Eurozone Industrial Production Recovers In July

Eurozone Industrial Production Recovers In July

Eurozone industrial production recovered at a moderate pace in July due to the rebound in consumer and capital goods output despite tariff threats, official data showed Tuesday. Industrial production registered a monthly growth of 0.3 percent, in contrast to the 0.6 percent decrease in June, Eurostat reported. However, the rate was slightly weaker than the forecast of 0.4 percent.
RTTNews | 3 days ago
German Economic Sentiment Rises In September

German Economic Sentiment Rises In September

German economic confidence improved in September but financial market experts remained cautiously optimistic, a monthly survey conducted by the think tank ZEW showed on Tuesday. The ZEW indicator of economic confidence rose unexpectedly to 37.3 in September from 34.7 in the previous month. The score was expected to fall to 27.3.
RTTNews | 3 days ago
ECB's Lagarde Says Eurozone Remains In

ECB's Lagarde Says Eurozone Remains In "A Good Place", Risks More Balanced

European Central Bank President Christine Lagarde tread carefully on Thursday as she attempted to paint a rosier view for the euro area economy without dismissing the impact of the lingering uncertainty linked to the trade tariffs, the political turmoil in France and a stronger euro.
RTTNews | 8 days ago
French Industrial Output Falls Most In 3 Months

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 | 10 days ago
German Industrial Output Rebounds; Exports Fall

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 | 11 days ago
Eurozone GDP Growth Confirmed At 0.1%

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 | 14 days ago
Eurozone Retail Sales Fall More Than Forecast

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 | 15 days ago
German Construction Sector Downturn Deepens

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 | 15 days ago