German Economic Sentiment Plunges On Trade Tariff Concerns

RTTNews | 86 วันที่ผ่านมา
German Economic Sentiment Plunges On Trade Tariff Concerns

(RTTNews) - German economic sentiment logged its sharpest fall since Russia invaded Ukraine in early 2022, as the changes in the US trade policy added global uncertainty, a closely watched survey published by think tank ZEW showed Tuesday.

The ZEW Indicator of Economic Sentiment declined sharply to -14.0 in April from +51.6 in March. The indicator turned negative for the first time since October 2023 and also reached the lowest level since July 2023.

On the other hand, current economic situation improved in April. The corresponding index rose 6.4 points to -81.2. The expected level was -86.0. Nonetheless, the score remained clearly below zero.

The erratic changes in the US trade policy are weighing heavily on expectations in Germany, ZEW President Achim Wambach said. "It is not only the consequences the announced reciprocal tariffs may have on global trade, but also the dynamics of their changes, that have massively increased global uncertainty," said Wambach.

Export-intensive sectors, such as the automobile and chemical industries as well as the metal, steel and mechanical engineering sectors, which recently enjoyed improved prospects, were largely affected.

However, a risk of a new spike in inflation in Germany and the Eurozone was not perceived by financial market experts.

"According to their assessments, this gives the ECB leeway to boost the economy by further interest rate cuts," Wambach added.

The survey showed that economic confidence in the euro area declined sharply in April. The confidence index plunged 58.3 to -18.5 in April.

The assessment of the current economic situation also deteriorated in April. At minus 50.9 points, the index was down by 5.7 points from the March reading.

แท็ก : EUR
read more
German Exports Decline As Tariff Treats Damp Demand From US

German Exports Decline As Tariff Treats Damp Demand From US

Germany's exports declined for the second straight month in May due to a sharp fall in demand from the US amid tariff threats, data from Destatis revealed on Tuesday. Exports decreased by more-than-expected 1.4 percent month-on-month in May, following April's 1.6 percent fall. Economists had forecast a 0.2 percent drop. Imports slid 3.8 percent from last month.
RTTNews | 2 วันที่ผ่านมา
Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall

Eurozone Retail Sales Drop For First Time In 5 Months; Services Output Fall

Euro area retail sales decreased for the first time in five months and services production declined in May, suggesting a slowdown in the second quarter. Retail sales logged a monthly fall of 0.7 percent in May, reversing April's 0.3 percent increase, Eurostat reported Monday. Sales were expected to drop 0.8 percent. Another data from Eurostat showed that services production decreased 0.3 percen
RTTNews | 3 วันที่ผ่านมา
Eurozone Investor Confidence Strongest In More Than 3 Years

Eurozone Investor Confidence Strongest In More Than 3 Years

Eurozone investor confidence rose to the highest level in more than three years in July suggesting that fears of recession triggered by the US tariff shocks are completely off the table, survey data from the behavioral research institute Sentix showed on Monday. The investor confidence index advanced to 4.5 in July from 0.2 in June. The reading was the highest since February 2022 and also stayed
RTTNews | 3 วันที่ผ่านมา
German Industrial Production Rebounds In May

German Industrial Production Rebounds In May

Germany's industrial production rebounded in May driven by robust demand for automobile and pharmaceutical products, official data revealed on Monday. Data released by Destatis showed that industrial production grew 1.2 percent in May from a month ago, confounding expectations for a decline of 0.6 percent. Output in April was revised down to show a 1.6 percent fall compared to the 1.4 percent d
RTTNews | 3 วันที่ผ่านมา
German Factory Orders Log Bigger-Than-Expected Fall

German Factory Orders Log Bigger-Than-Expected Fall

Germany's factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders declined for the first time in four months.
RTTNews | 6 วันที่ผ่านมา
Eurozone Private Sector Expands More Than Estimated

Eurozone Private Sector Expands More Than Estimated

The euro area private sector expanded more than previously estimated in June as both manufacturing and services sectors registered higher output, final survey results from S&P Global showed on Thursday. The HCOB final composite output index advanced to 50.6 in June from 50.2 in May. The reading was well above the flash estimate of 50.2.
RTTNews | 7 วันที่ผ่านมา
German Unemployment Climbs Less Than Expected In June

German Unemployment Climbs Less Than Expected In June

Joblessness in Germany rose in June but at a slower than expected pace, official figures revealed on Tuesday, as activity in the biggest economy in the euro area remains sluggish.
RTTNews | 8 วันที่ผ่านมา
Eurozone Inflation Hits ECB Target

Eurozone Inflation Hits ECB Target

Euro area inflation rose slightly to hit the European Central Bank's 2 percent target in June on slower fall in energy prices and the rise in services inflation, flash estimate from Eurostat showed on Tuesday. Annual inflation climbed to 2.0 percent in June from 1.9 percent in May. The rate reached the inflation target and also matched economists' expectations.
RTTNews | 9 วันที่ผ่านมา