French Private Sector Contracts For Fourth Month

German Investor Confidence Highest In 4 Months In December - ZEW

Economic sentiment in Germany unexpectedly rebounded in December to its highest level in four months as financial market experts turned optimistic on the announcement of snap elections in February next year and the prospect of more interest rate cuts from the European Central Bank, results of a survey by the think tank ZEW showed Tuesday.

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Eurozone Trade Surplus Declines In October

The euro area trade surplus declined in October largely due to the rebound in imports, data from Eurostat showed on Tuesday. The trade surplus fell to EUR 6.8 billion in October from EUR 9.4 billion a year ago. This was also below September's level of EUR 11.6 billion. The fall in surplus reflects a reduction in the surplus for chemicals and related products and machineries and vehicles.

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German Ifo Business Confidence Worsens In December

Business sentiment in Germany fell to the weakest level since 2020 in December as firms were more skeptical about the economic outlook, survey results from the ifo Institute showed on Tuesday, amid the prospect of trade rifts with the U.S. and the uncertainty surrounding domestic economic policies. The ifo business climate index fell to 84.7 in December from 85.6 in the previous month.

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Eurozone Private Sector Contracts In December

Eurozone private sector contracted at the end of the year reflecting the falls in Germany and France, while the rest of the region posted a solid increase in output. The HCOB flash composite output index rose to 49.5 in December from 48.3 in November, pointing to a softer and marginal fall in output, survey results from S&P Global showed Monday.

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German Private Sector Activity Continues To Shrink

Germany's private sector continued to shrink in December albeit the pace of contraction softened on a slight rebound in services activity, flash data from S&P Global showed Monday. The HCOB composite output index registered 47.8 in December, up from November's nine-month low of 47.2. However, the reading is still below the 50.0 threshold that separates growth from contraction.

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Eurozone Industrial Production Stagnates In October

Eurozone industrial production stagnated in October as growth in capital goods output was offset by falls in energy and consumer goods production, Eurostat reported Friday. Industrial output remained flat in October after declining 1.5 percent in September. The nil growth matched expectations.

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German Exports Fall Most In 10 Months

Germany's exports declined at the fastest pace in ten months in October mainly due the double-digit fall in demand from the US and overall imports logged a marginal fall, data from Destatis revealed Friday. Exports fell 2.8 percent month-on-month in October, slower than the 1.8 percent decrease in September. Shipments were forecast to fall 2.0 percent.

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ECB Cuts Deposit Rate To 3.00%

The European Central Bank lowered its key interest rate by 25 basis points again, in line with economists' expectations, as policymakers assessed that the disinflation process is on track though growth concerns remain. The Governing Council, led by ECB President Christine Lagarde, cut the key policy rate - the deposit rate - by a quarter-basis point to 3.00 percent on Thursday.

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