Eurozone Bank Lending Growth Improves In September

RTTNews | 288 dias atrás
Eurozone Bank Lending Growth Improves In September

(RTTNews) - Eurozone bank lending growth improved moderately in September as interest rates started to ease, data published by the European Central Bank showed on Friday.

The adjusted loans to the private sector rose 1.6 percent compared with 1.5 percent in August. Claims on the private sector posted a steady annual growth of 1.2 percent in September.

Among the borrowing sectors, the annual growth of adjusted loans to households came in at 0.7 percent in September, slightly better than the 0.6 percent rise in August. Adjusted loans to non-financial corporations increased to 1.1 percent from 0.8 percent a month ago.

The M3 broad monetary aggregates grew at a pace of 3.2 percent annually, while it was expected to post a steady increase of 2.9 percent. At the same time, the M1 narrow measure declined 1.2 percent, following a 2.1 percent drop.

Although lending will probably continue to increase gradually in the coming months, the ECB might need to cut its policy rates substantially to give lending a significant boost, Capital Economics' economist Jack Allen-Reynolds said.

ING economist Bert Colijn said tentative improvements show that monetary easing in the currency bloc is having an effect but that more needs to be done for investment to undergo a more meaningful recovery in 2025.

Early this month, the ECB had lowered its key rate by 25 basis points after a similar quarter point cut opted in September. The bank said policy rates will be kept sufficiently restrictive for as long as necessary to bring euro area inflation back to the 2 percent target.

Etiquetas: EUR
read more
German Industrial Output Declines Most In 11 Months

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 dias atrás
German Exports Recover In June

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 dias atrás
Eurozone Retail Sales Recover In June

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 dias atrás
German Factory Orders Log Unexpected Fall

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 dias atrás
Eurozone Private Sector Continues To Expand

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 dias atrás
Eurozone Investor Sentiment Weakens Unexpectedly

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 dias atrás
Eurozone Inflation Steady At 2% ECB Target

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 | 7 dias atrás
Eurozone Manufacturing Activity Moves Closer To Stagnation

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 dias atrás