Eurozone Trade Surplus Falls Slightly In December

RTTNews | hace 202
Eurozone Trade Surplus Falls Slightly In December

(RTTNews) - The euro area trade surplus dropped slightly in December as the increase in imports exceeded the exports growth, data from Eurostat showed on Monday.

The trade surplus decreased to EUR 15.5 billion in December from EUR 16.0 billion in November.

Exports logged an increase of 3.1 percent from last year, in contrast to the 1.4 percent fall in November. At the same time, imports climbed 3.8 percent, reversing a 0.7 percent drop.

The product-wise data showed that the surplus on trade in chemical and related products declined the most, down to EUR 20.6 billion from EUR 23.0 billion a month ago. Meanwhile, machineries and vehicles trade saw the largest increase, rising to EUR 16.7 billion from EUR 13.0 billion.

Compared to the previous month, exports and imports decreased 0.2 percent and 0.8 percent, respectively. As a result, the trade surplus increased to EUR 14.6 billion from EUR 13.3 billion in November.

In 2024, the euro area registered a surplus of EUR 176.9 billion, compared with EUR 57.4 billion in 2023.

Exports of goods increased of 0.6 percent, while imports fell 3.7 percent compared with 2023.

In December, the EU balance showed a EUR 16.3 billion surplus in trade in goods, compared with EUR 16.1 billion last year. In 2024 as a whole, the EU recorded a surplus of EUR 150.1 billion, much bigger than a EUR 34.4 billion surplus seen in 2023.

read more
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 | hace 3
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 | hace 3
Eurozone Private Sector Growth At 1-Year High

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 | hace 4
Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further

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 | hace 5
Eurozone Inflation Rises Slightly To 2.1%

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 | hace 5
Eurozone Manufacturing Growth At 38-Month High

Eurozone Manufacturing Growth At 38-Month High

The euro area manufacturing activity grew at the fastest pace in more than three years in August driven by a sharp rise in output and the renewed uptick in domestic demand, data published by S&P Global showed on Monday. The HCOB final manufacturing Purchasing Managers' Index improved to 50.7 in August from 49.8 in July. This was the first expansion in the currency bloc since June 2022. The flash
RTTNews | hace 6
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | hace 8
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | hace 9