Eurozone Retail Sales Growth Softens In September

RTTNews | vor 10Std 13 Minuten
Eurozone Retail Sales Growth Softens In September

(RTTNews) - Eurozone retail sales growth softened in September largely reflecting a fall in food sales and a sharp slowdown in auto fuel turnover, data published by Eurostat showed on Thursday.

Retail sales logged an increase of 0.5 percent on a monthly basis in September, slower than the 1.1 percent rise in August. The growth rate slightly exceeded economists' forecast of 0.4 percent.

Food, drinks and tobacco sales fell 0.4 percent, in contrast to the 1.1 percent rise a month ago. Meanwhile, non-food product turnover grew 1.1 percent after a 1.2 percent increase.

Automotive fuel in specialised stores registered a 0.2 percent growth, weaker than the prior month's 1.3 percent increase. Year-on-year, retail sales growth improved to 2.9 percent from 2.4 percent in August. Sales are expected to grow 1.3 percent.

"Looking ahead, we doubt that retail sales will continue rising so strongly because real income growth is likely to slow and consumer confidence is fairly low," Capital Economics' economist Elias Hilmer said.

In the EU, retail sales grew 0.3 percent from August and by 2.8 percent from the previous year.

read more
Eurozone Private Sector Stagnates In October

Eurozone Private Sector Stagnates In October

The euro area private sector stagnated in October as the contraction in manufacturing was offset by the services activity growth, final survey results published by S&P Global showed on Wednesday. The HCOB composite output index registered 50.0 in October signalling no change in private sector output. The reading was up from 49.6 in September and above the flash score of 49.7.
RTTNews | vor 1 Tagen
Spanish Services Sector Expands For 14th Month - PMI Survey

Spanish Services Sector Expands For 14th Month - PMI Survey

Spain's services industry grew for the fourteenth month in a row in October led by strong improvement in sales and demand and firms increased hiring markedly in response to better business, results of the purchasing managers' survey by S&P Global showed on Wednesday.
RTTNews | vor 1 Tagen
German Factory Orders Log Stronger Than Expected Rebound

German Factory Orders Log Stronger Than Expected Rebound

Germany's factory orders rebounded at a faster than expected pace in September on robust demand for aircraft, ships, trains and military vehicles, data from Destatis showed on Wednesday. Factory orders advanced 4.2 percent on a monthly basis in September, in contrast to the revised 5.4 percent decline in August.
RTTNews | vor 1 Tagen
Spain Unemployment Rises In October

Spain Unemployment Rises In October

Joblessness in Spain increased in October but logged the smallest gain for the month since 2006 except for the pandemic years of 2021 and 2022, data from the labor ministry showed on Tuesday. The number of unemployed rose by 26,769 persons, which was a below average increase for the month of October. Economists were looking for an increase of 26,500 persons.
RTTNews | vor 2 Tagen
Eurozone Investor Sentiment Improves For Second Month - Sentix

Eurozone Investor Sentiment Improves For Second Month - Sentix

Investor confidence in the euro area strengthened for a second straight month in November amid a modest improvement in the economic data from Germany and optimism about the outcome of the presidential election in the U.S., while markets continue to look for some solid stimulus news from China, results of the closely watched Sentix survey showed on Monday.
RTTNews | vor 3 Tagen
Eurozone Manufacturing Downturn Continues

Eurozone Manufacturing Downturn Continues

The euro area manufacturing downturn continued in October albeit at the slowest pace in five months, survey data published by S&P Global showed on Monday. The HCOB manufacturing Purchasing Managers' Index increased to 46.0 in October from 45.0 in September. The flash score was 45.9. The score suggests that the sector posted its slowest fall since May.
RTTNews | vor 3 Tagen
Spain Manufacturing Grows Most Since Early 2022- PMI Survey

Spain Manufacturing Grows Most Since Early 2022- PMI Survey

Spain's factory sector expanded at the fastest pace in over two-an-a-half years in October, driven by significant growth in output and new orders amid an improvement in market demand, results of the latest purchasing managers' survey by S&P Global showed on Monday. The HCOB Spain manufacturing purchasing managers' index rose to 54.5 from 53.0 in September.
RTTNews | vor 3 Tagen
Eurozone Inflation Accelerates; Jobless Rate Steady At 6.3%

Eurozone Inflation Accelerates; Jobless Rate Steady At 6.3%

Eurozone inflation accelerated more than expected in October on food and energy prices but it remained within the target of the European Central Bank, bolstering the case for a gradual monetary policy easing. Another official data showed that the euro area unemployment rate remained unchanged at a record low in September.
RTTNews | vor 7 Tagen