German Consumer Confidence To Worsen In February

RTTNews | 573 dagar sedan

(RTTNews) - Germany's consumer confidence is set to fall in February as persistently high inflation damped income expectations and the propensity to buy amid falling economic expectations.

The forward-looking consumer sentiment index unexpectedly fell to -29.7 in February from revised -25.4 in January, the survey published jointly by GfK and the Nuremberg Institute for Market Decisions showed Friday.

The indicator hit the weakest level since March 2023, while economists forecast the score to rise to -24.5.

The improvement in confidence seen in the previous month was apparently just a brief flare-up before Christmas, Rolf Burkl, a consumer expert at NIM said. But hopes of the recovery were dashed in January.

The propensity to save advanced 6.7 points to 14 in January, which was the highest value since August 2008.

Income prospects of consumers continued its downward trend on higher inflation. The return of the regular Value Added Tax rate of 19 percent in the catering industry as well as the rise in the CO2 tax for energy will further weaken expectations, the survey showed.

The income expectations indicator declined by 13.1 points to -20 in January, the lowest since March 2023.

Weak income expectations again lowered consumers' propensity to buy. The propensity to buy index dropped to -14.8 from -8.8.

Economic outlook for the coming year were also assessed more pessimistically. At -6.6, the index lost 6.2 points. A lower value was last reported in December 2022.

Taggar: EUR

Eurozone Consumer Confidence Weakens More Than Expected In August

Euro area consumer sentiment deteriorated more than expected in August to a four-month low, after a strong improvement in the previous month, preliminary results of the monthly survey by the European Commission revealed on Thursday.

RTTNews | 2h 18minuter sedan

Eurozone Private Sector Expands At Fastest Pace In 15 Months

Eurozone private sector expanded at the fastest pace in 15 months in August on stronger growth in manufacturing output despite challenges posed by U.S. trade tariffs. The HCOB flash composite output index climbed more-than-expected to 51.1 in August from 50.9 in July, survey results from S&P Global revealed Thursday. The score was seen at 50.7.

RTTNews | 8h 4minuter sedan

Eurozone Trade Surplus Declines Sharply In June

The euro area trade surplus declined sharply in June as exports remained weak amid a rebound in imports, official data revealed on Monday. The trade balance registered a surplus of EUR 7.0 billion compared to May's surplus of EUR 16.5 billion, Eurostat reported. Compared to last year, the surplus contracted by EUR 13.7 billion from EUR 20.7 billion.

RTTNews | 3 dagar sedan

Eurozone GDP Rises 0.1% As Estimated

The euro area economy grew at a marginal pace in the second quarter as initially estimated, and companies generated jobs modestly, official data showed on Thursday. Another data from Eurostat showed that industrial production remained weak in the second quarter as the positive impact from frontloading of orders from the US faded.

RTTNews | 7 dagar sedan

German ZEW Economic Confidence Deteriorates On Trade Deal

Economic sentiment in Germany deteriorated sharply in August due to the disappointing trade agreement reached with the United States, and also due to the declining economic output in the second quarter, results of the monthly survey conducted by the think tank ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment plummeted to a three-month low of 34.7 in August.

RTTNews | 9 dagar sedan

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 | 14 dagar sedan

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 | 14 dagar sedan

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 | 15 dagar sedan

EURUSD	1.16096	GBPUSD	1.34183	AUDUSD	0.64266
USDJPY	148.302	USDCAD	1.38969	USDCHF	0.80879