German Economic Confidence Unexpectedly Improves In June

RTTNews | 788 วันที่ผ่านมา

(RTTNews) - Germany's economic confidence unexpectedly improved in June but remained in the negative zone for the second straight month indicating that financial market experts see no improvement in the economic situation over the second half of the year, results of a closely watched survey showed Tuesday.

The ZEW Indicator of Economic Sentiment unexpectedly rose to -8.5 in June from -10.7 in May. The expected score was -13.1. Nonetheless, the index remained negative for the second straight month. Experts' assessment of current economic situation deteriorated sharply in June. The corresponding index plunged 21.7 points to -56.5.

ZEW President Achim Wambach said the export-oriented sectors are set to perform poorly due to a weak global economy. That said, the current recession is generally not considered as alarming.

Further, the survey showed that economic confidence in the 20-nation single currency bloc weakened slightly in June. The sentiment index dropped 0.6 points to -10.0. At the same time, the current situation index slid 14.4 points to -41.9.

Regarding monetary policy expectations, experts' view diverged between the eurozone and the US. Indicating further increases in interest rates, the balance for short-term interest rates in the euro area came in at 72.3. By contrast, experts expect no change in short-term interest rates in the US.

The US Federal Reserve is widely expected to pause its tightening cycle at the upcoming meeting on June 13 and 14. Meanwhile, markets anticipate the European Central Bank to deliver another rate hike this Thursday.

แท็ก : EUR

German Industrial Output Declines Most In 11 Months

Germany's industrial production logged its biggest fall in nearly a year in June, data from Destatis revealed on Thursday. Industrial output decreased 1.9 percent on a monthly basis in June, worse than the economists' forecast of 0.4 percent drop. This was the biggest fall since July 2024.Production for May was revised down from the initially estimated 1.2 percent increase.

RTTNews | 2 วันที่ผ่านมา

German Exports Recover In June

Germany's exports grew for the first time in three months in June despite falling shipments to the US, data from Destatis revealed Thursday. Exports advanced 0.8 percent on a monthly basis in June, reversing a fall of 1.4 percent in May. Shipments were expected to rise 0.5 percent. Reflecting the impact of higher tariff, exports to the United States dropped 2.1 percent on a monthly basis.

RTTNews | 2 วันที่ผ่านมา

Eurozone Retail Sales Recover In June

Euro area retail sales rebounded in June suggesting that household spending likely supported economic growth in the second quarter, official data revealed on Wednesday. Retail sales grew 0.3 percent on a monthly basis in June, offsetting May's 0.3 percent decline, Eurostat said. However, this was marginally weaker than economists' forecast for a 0.4 percent increase.

RTTNews | 3 วันที่ผ่านมา

German Factory Orders Log Unexpected Fall

Germany's factory orders declined unexpectedly in June on a notable fall in demand from non-EU countries, figures from Destatis revealed on Wednesday. New orders fell 1.0 percent month-on-month in June, confounding expectations for an increase of 1.0 percent. The fall was also sharper than the 0.8 percent decrease posted in May. When large-scale orders are excluded, new orders were 0.5 percent.

RTTNews | 3 วันที่ผ่านมา

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | 4 วันที่ผ่านมา

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.

RTTNews | 5 วันที่ผ่านมา

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.

RTTNews | 8 วันที่ผ่านมา

Eurozone Manufacturing Activity Moves Closer To Stagnation

The euro area manufacturing activity registered a broad stabilization in July as output continued to increase despite a fresh fall in new orders, purchasing managers' survey compiled by S&P Global showed on Friday. The HCOB final manufacturing Purchasing Managers' Index rose to a three-year high of 49.8 in July from 49.5 in June. The score matched the flash estimate.

RTTNews | 8 วันที่ผ่านมา

EURUSD	1.16406	GBPUSD	1.34456	AUDUSD	0.65189
USDJPY	147.742	USDCAD	1.37555	USDCHF	0.80829

Advertisement

German Economic Confidence Unexpectedly Improves In June