German Business Confidence Remains Unchanged

RTTNews | 137 days ago

(RTTNews) - German business morale remained unchanged in February as companies were less satisfied with current situation, while expectations improved moderately amid the federal elections, survey results from the ifo Institute showed on Monday.

The ifo business climate index registered 85.2 in February, the same as in January. The score was forecast to rise to 85.9.

The current situation index dropped unexpectedly to 85.0 from 86.0 in the previous month. Economists had forecast the reading to climb to 86.5.

Meanwhile, the expectations index rose marginally to 85.4 from 84.3 a month ago. The score was also above forecast of 85.2.

"The German economy is waiting to see how things develop," ifo President Clemens Fuest said.

In manufacturing, the business climate improved as companies were noticeably less pessimistic about the coming months. However, the current situation was assessed somewhat worse. At the same time, order books stabilized.

Confidence among service providers weakened in February. Companies were less satisfied with the current situation. Expectations also deteriorated slightly.

In trade, the business climate improved due to a more optimistic outlook. Wholesalers and retailers assessed their current economic situation as somewhat better. The business climate in construction improved due to slightly less skeptical expectations. However, current business was assessed somewhat worse, with the lack of orders being the core problem.

Tags: EUR

German Exports Decline As Tariff Treats Damp Demand From US

Germany's exports declined for the second straight month in May due to a sharp fall in demand from the US amid tariff threats, data from Destatis revealed on Tuesday. Exports decreased by more-than-expected 1.4 percent month-on-month in May, following April's 1.6 percent fall. Economists had forecast a 0.2 percent drop. Imports slid 3.8 percent from last month.

RTTNews | 3 days ago

Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall

Euro area retail sales decreased for the first time in five months and services production declined in May, suggesting a slowdown in the second quarter. Retail sales logged a monthly fall of 0.7 percent in May, reversing April's 0.3 percent increase, Eurostat reported Monday. Sales were expected to drop 0.8 percent. Another data from Eurostat showed that services production decreased 0.3 percen

RTTNews | 4 days ago

Eurozone Investor Confidence Strongest In More Than 3 Years

Eurozone investor confidence rose to the highest level in more than three years in July suggesting that fears of recession triggered by the US tariff shocks are completely off the table, survey data from the behavioral research institute Sentix showed on Monday. The investor confidence index advanced to 4.5 in July from 0.2 in June. The reading was the highest since February 2022 and also stayed

RTTNews | 4 days ago

German Industrial Production Rebounds In May

Germany's industrial production rebounded in May driven by robust demand for automobile and pharmaceutical products, official data revealed on Monday. Data released by Destatis showed that industrial production grew 1.2 percent in May from a month ago, confounding expectations for a decline of 0.6 percent. Output in April was revised down to show a 1.6 percent fall compared to the 1.4 percent d

RTTNews | 4 days ago

German Factory Orders Log Bigger-Than-Expected Fall

Germany's factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders declined for the first time in four months.

RTTNews | 7 days ago

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 | 8 days ago

German Unemployment Climbs Less Than Expected In June

Joblessness in Germany rose in June but at a slower than expected pace, official figures revealed on Tuesday, as activity in the biggest economy in the euro area remains sluggish.

RTTNews | 10 days ago

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 | 10 days ago

EURUSD	1.16879	GBPUSD	1.35066	AUDUSD	0.6579
USDJPY	147.449	USDCAD	1.36758	USDCHF	0.79713

Advertisement

German Business Confidence Remains Unchanged