German Business Confidence Brightens In October - Ifo

RTTNews | 580 วันที่ผ่านมา
German Business Confidence Brightens In October - Ifo

(RTTNews) - Business sentiment in Germany brightened slightly in October but the modest improvement after a few months of easing failed to calm the fears of recession, a survey by the ifo institute showed on Wednesday.

The ifo business climate index rose to 86.9 in October from 85.8 in the previous month, survey results from the Munich-based think tank said. The reading was well above economists' forecast of 85.9.

German companies were somewhat more satisfied with their current business and managers were less pessimistic about coming months.

The current situation index climbed to 89.2 from 88.7 a month ago. The expected level was 88.5.

Likewise, the expectations index advanced to 84.7 from 83.1 in September. The reading was forecast to edge up to 83.3. Germany's economy can see a silver lining ahead, said ifo President Clemens Fuest.

However, recent survey results as well as economic indicators provided a bleak outlook.

In the monthly report, released Monday, Bundesbank said the largest euro area economy probably shrunk somewhat in the third quarter. The bank cited the weak foreign demand for industrial products as one of the factors that weighed on activity.

Earlier this month, the International Monetary Fund projected the German economy to shrink 0.5 percent this year owing to the weakness in interest-rate-sensitive sectors and slower trading-partner demand.

The ifo survey showed that business climate improved slightly in the manufacturing sector. The increase reflected the reduced skepticism in companies' expectations but they assessed their current situation as worse.

Business confidence in services was considerably more positive. Companies were more satisfied with their current business and their expectations improved.

In trade, business confidence deteriorated in October with downward revisions to current assessment and more pessimistic view regarding the coming months.

By contrast, sentiment among contractors showed a marginal improvement. Companies assessed their current situation as marginally worse and the outlook for the coming months was somewhat better but remained pessimistic.

แท็ก : EUR
read more
European Economic News Preview: Germany Unemployment Data Due

European Economic News Preview: Germany Unemployment Data Due

Unemployment from Germany and revised GDP and consumer spending from France are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's import prices for April. Import prices are forecast to fall 1.4 percent month-on-month, faster than the 1.0 percent decrease in March.
RTTNews | 2 ชม. 44 นาทีที่ผ่านมา
Eurozone Economic Sentiment Rises More Than Forecast

Eurozone Economic Sentiment Rises More Than Forecast

Eurozone economic confidence strengthened more than expected in May as manufacturers, consumers and retailers showed signs of recovery, survey data from the European Commission revealed on Tuesday. The Economic Sentiment Indicator climbed to 94.8 from 93.8 in April. The reading was above forecast of 94.0. The rise in the ESI was primarily driven by the improvements in the industry, retail trad
RTTNews | 20 ชม. 11 นาทีที่ผ่านมา
German Consumer Sentiment To Improve Moderately In June

German Consumer Sentiment To Improve Moderately In June

German consumer confidence is set to improve moderately to a seven-month high in June driven by strengthening economic and income expectations but overall level remained weak, a closely watched survey revealed Tuesday. The consumer climate indicator rose to -19.9 in June from -20.8 in the previous month, a survey jointly published by the market research group GfK and NIM showed.
RTTNews | 22 ชม. 2 นาทีที่ผ่านมา
Germany Logs Stronger Growth On Tariff Threats

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 | 4 วันที่ผ่านมา
Eurozone Private Sector Shrinks For First Time In 5 Months

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 | 5 วันที่ผ่านมา
German Ifo Business Sentiment Strengthens; Composite PMI Falls

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 | 5 วันที่ผ่านมา
Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU

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 | 8 วันที่ผ่านมา
Eurozone Trade Surplus Surges On Exports To US

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 | 11 วันที่ผ่านมา