Advertisement
Eurozone Consumer Confidence Weakens More Than Expected
(RTTNews) - Euro area consumer sentiment eroded for a second month in a row in April to its lowest level in one-and-a-half years, survey data from the European Commission showed on Tuesday.
The flash consumer confidence index slid to -16.7 from -14.5 in March. Economists had expected a score of -15.0. The latest reading was the lowest since -16.9 in November 2023.
The corresponding index for the EU shed 2.1 percentage points to reach -16.0.
Consumer confidence moved further away from its long-term average to its lowest level in 18 months, the EU said.
Survey data was collected from April 1 to 21. Final results of the consumer confidence survey for April are set to be released along with the monthly economic sentiment survey data on April 29.
read more
Germany Logs Stronger Growth On Tariff Threats
The German economy grew at a stronger-than-estimated pace in the first quarter as higher tariff threats by the U.S. administration led to the frontloading of orders for the country's goods, lifting exports and industrial production. Gross domestic product grew 0.4 percent, which was double the initial estimate of 0.2 percent, a detailed report from Destatis revealed on Friday.
RTTNews
|
1 dag sedan
Eurozone Private Sector Shrinks For First Time In 5 Months
The euro area private sector logged a renewed fall in May due to a sharp downturn in services activity, flash purchasing managers' survey compiled by S&P Global showed on Thursday. The flash composite output index fell to 49.5 in May from 50.4 in April. The score fell below the 50.0 no-change mark for the first time in five months.
RTTNews
|
2 dagar sedan
German Ifo Business Sentiment Strengthens; Composite PMI Falls
German business confidence strengthened in May as companies became less concerned about uncertainties regarding trade tariffs, a closely watched survey showed Thursday. The Purchasing Managers' survey compiled by S&P Global today showed that the German private sector activity contracted the most in five months in May due to a deepening downturn in the service sector.
RTTNews
|
2 dagar sedan
Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU
Eurozone economic growth outlook was downgraded substantially for 2025 due to the impact of higher trade tariffs and elevated uncertainty and disinflation would proceed more swiftly than anticipated with headline inflation set to hit the 2 percent target by the middle of this year, the European Commission said Monday.
RTTNews
|
5 dagar sedan
Eurozone Trade Surplus Surges On Exports To US
The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.
RTTNews
|
8 dagar sedan
Eurozone GDP Expands 0.3% In Q1; Employment Growth Improves
Euro area economic growth accelerated less than estimated in the first quarter and employment logged a faster increase, flash estimate from Eurostat showed on Thursday. Gross domestic product expanded 0.3 percent on a quarterly basis, which was revised down from the 0.4 percent growth estimated on April 30. This followed the fourth quarter's 0.2 percent expansion.
RTTNews
|
9 dagar sedan
German ZEW Investor Confidence Rebounds In May
German investor confidence rebounded in May as the formation of new government as well as the progress in the tariff disputes strengthened expectations, a survey published by the think tank ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment climbed sharply by 39.2 points to 25.2 in May. However, the assessment about the current economic situation remained deep in the negative terri
RTTNews
|
11 dagar sedan
German Exports Rise More Than Forecast
Germany's exports increased more than expected in March driven by robust shipments to the US and China, official data revealed on Thursday. Exports increased 1.1 percent on a monthly basis in March but this was weaker than February's 1.8 percent gain, Destatis reported. Shipments were expected to climb 1.0 percent. Meanwhile, imports fell unexpectedly by 1.4 percent, reversing a 0.5 percent ris
RTTNews
|
16 dagar sedan
