German Business Confidence Brightens In October - Ifo

RTTNews | 597 gün önce

(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.

Etiketler: EUR

Eurozone Trade Surplus Declines To 3-Month Low

Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.

RTTNews | 2s 54 dakika önce

Eurozone Industrial Output Falls For First Time In Four Months

Eurozone industrial production declined for the first time in four months in April as the positive impulse from frontloading of orders from the US faded, official data revealed Friday. Industrial output registered a monthly fall of 2.4 percent in April, offsetting March's 2.4 percent increase, Eurostat said. Production was forecast to drop 1.6 percent.

RTTNews | 4s 57 dakika önce

ECB Indicator Shows Eurozone Wage Growth To Slow Sharply To 3.1% This Year

A measure, based on the collective bargaining agreements in the euro area, suggested that negotiated wage growth is set to ease significantly this year, the European Central Bank said on Wednesday, which adds to expectations of inflation staying near the 2 percent target.

RTTNews | 1 gün önce

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.

RTTNews | 3 gün önce

Eurozone GDP Growth Accelerates To 0.6%

The euro area economic growth doubled in the first quarter on household spending, investment and exports, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.6 percent in the first quarter, which was faster than the initial estimate of 0.3 percent, Eurostat said. This followed a 0.3 percent rise in the fourth quarter of 2024.

RTTNews | 7 gün önce

German Industrial Output Drops; Exports Fall

German industrial production declined more than expected in April as the temporary boost from the frontloading of orders ahead of the US tariff hikes faded, data from Destatis revealed on Friday. Another data showed that Germany's trade surplus declined in April as exports to the US logged a double-digit decline amid a notable growth in imports. Industrial output declined 1.4 percent.

RTTNews | 7 gün önce

ECB Cuts Interest Rates By 25 Bps As Inflation Forecasts Lowered

The European Central Bank slashed its interest rates by 25 basis points on Thursday, in line with expectations, while the staff trimmed the euro area price growth projections for this year and next citing prospects of energy prices and stronger euro going forward.

RTTNews | 7 gün önce

German Manufacturing Orders Rise Unexpectedly

German manufacturing orders increased in April confounding fears that higher tariffs by the US administration would hit the factory sector, official data revealed Thursday. Factory orders rose 0.6 percent month-on-month in April, following a revised 3.4 percent rise in March, Destatis said. This was the second consecutive month of growth. Orders were expected to fall 1.0 percent.

RTTNews | 8 gün önce

EURUSD	1.15385	GBPUSD	1.35587	AUDUSD	0.64988
USDJPY	144.144	USDCAD	1.359	USDCHF	0.81165

Advertisement

German Business Confidence Brightens In October - Ifo