German Exports Fall Most In 10 Months

RTTNews | 230 dias atrás
German Exports Fall Most In 10 Months

(RTTNews) - Germany's exports declined at the fastest pace in ten months in October mainly due the double-digit fall in demand from the US and overall imports logged a marginal fall, data from Destatis revealed Friday. Exports fell 2.8 percent month-on-month in October, slower than the 1.8 percent decrease in September. This was the biggest fall since last December. Shipments were forecast to fall 2.0 percent.

At the same time, imports dropped only 0.1 percent. This was in contrast to the prior month's 2.0 percent growth but the actual fall was much slower than economists' forecast of 0.6 percent decline.

Consequently, the trade surplus showed a surplus of EUR 13.4 billion in October. The surplus was expected to fall to EUR 15.7 billion from EUR 16.9 billion in September.

On a yearly basis, exports climbed 0.4 percent, in contrast to the 0.3 percent fall in September. Growth in imports accelerated to 4.3 percent from 1.3 percent.

Exports to euro area countries dropped 0.7 percent on month and imports from these countries remained unchanged in October.

Shipments to the US declined 14.2 percent on month and that to China fell 3.8 percent. By contrast, exports to the UK grew 2.1 percent.

Imports from the US and China fell 3.9 percent and 3.0 percent, respectively, while imports from the UK advanced 1.4 percent.

Etiquetas: EUR
read more
German Unemployment Rises In July

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.
RTTNews | 6 h 9 min atrás
Eurozone Jobless Rate Unchanged At 6.2%

Eurozone Jobless Rate Unchanged At 6.2%

The euro area unemployment rate remained stable in June despite slowing economic growth and challenging global trade situation, official data revealed on Thursday. The jobless rate came in at seasonally adjusted 6.2 percent, the same rate as seen in May and down from 6.4 percent in the same period last year, Eurostat said Thursday.
RTTNews | 7 h 54 min atrás
Eurozone Economy Fares Better Than Expected In Q2

Eurozone Economy Fares Better Than Expected In Q2

The euro area economy logged better-than-expected growth in the second quarter but the pace of expansion slowed markedly as the first quarter performance was inflated after U.S. importers frontloaded their orders to reduce the cost burden of higher tariffs. Gross domestic product grew 0.1 percent sequentially, after rising 0.6 percent in the first quarter, preliminary flash estimate from Eurostat.
RTTNews | 1 dia atrás
Eurozone Economic Confidence Rises To 5-Month High

Eurozone Economic Confidence Rises To 5-Month High

Euro area economic sentiment improved to a five-month high in July largely driven by stronger confidence in industry, services and retail trade, survey data from the European Commission showed Wednesday. The economic sentiment index rose to 95.8 in July from 94.2 in the previous month. This was the highest reading since February and remained above forecast of 94.5.
RTTNews | 1 dia atrás
French GDP Growth Beats Expectations

French GDP Growth Beats Expectations

The French economy logged a faster-than-expected growth in the second quarter on recovering household spending, official data showed Wednesday. Gross domestic product grew 0.3 percent from a quarter ago, the statistical office INSEE showed on Wednesday. The economy was expected to grow at a steady pace of 0.1 percent in the second quarter.
RTTNews | 1 dia atrás
German Business Sentiment Strongest In More Than A Year

German Business Sentiment Strongest In More Than A Year

German business confidence improved to the highest level in more than a year in July despite heightening trade tensions, survey results from the Munich-based ifo Institute showed on Friday. The business climate index registered 88.6 in July, up from 88.4 in the previous month. The reading was below forecast of 89.0 but the highest since May 2024.
RTTNews | 6 dias atrás
ECB Leaves Rates Unchanged As Expected

ECB Leaves Rates Unchanged As Expected

The European Central Bank held its key interest rates steady on Thursday, in line with expectations, as policymakers assessed that price pressures continue to ease, but acknowledged that the economic environment remains highly uncertain mainly due to the trade tariff wars.
RTTNews | 7 dias atrás