Eurozone Consumer Confidence Sinks To Lowest In 5 Months

RTTNews | 15 시간 52 분 전
Eurozone Consumer Confidence Sinks To Lowest In 5 Months

(RTTNews) - Consumer sentiment in the euro area deteriorated more than expected to its lowest level in five months in November, preliminary results of a survey by the European Commission showed on Thursday.

The flash consumer confidence index for Eurozone fell to -13.7 from -12.5 in October. Economists were looking for a score of -13.0.

The latest reading was the weakest since June when the score was -14.0.

The corresponding index for the EU dropped by 1.1 percentage points to -12.4.

Both consumer confidence readings fell back below their long-term average, the EU said.

The survey data was collected from November 1 to 20.

The fall in the consumer confidence indexes came after the presidential election in the U.S. that saw Donald Trump getting elected for another term.

The final figures for the consumer confidence index for November are set to be published along with the monthly economic sentiment survey data on November 28.

read more
Eurozone Inflation Rises To 2% As Estimated

Eurozone Inflation Rises To 2% As Estimated

Eurozone inflation returned to the 2 percent target in October, final data from Eurostat showed on Tuesday. The harmonized index of consumer prices climbed as initially estimated in October after rising 1.7 percent in September. Core inflation that excludes prices of energy, food, alcohol and tobacco, remained unchanged at 2.7 percent in October.
RTTNews | 2 일 전
Eurozone Trade Surplus Increases In September

Eurozone Trade Surplus Increases In September

The euro area trade surplus increased notably in September as exports to the United States surged ahead of the presidential election in November that saw Donald Trump winning the race. The trade surplus rose to EUR 12.5 billion in September from EUR 9.8 billion in the same period last year, data from Eurostat showed Monday.
RTTNews | 3 일 전
EU Forecasts Eurozone Growth To Pick Up Despite Heightened Uncertainty

EU Forecasts Eurozone Growth To Pick Up Despite Heightened Uncertainty

The Eurozone economic growth is projected to pick up next year with acceleration of domestic demand despite risks to global trade from protectionist measures. In the Autumn Forecast, the European Commission retained the economic growth outlook for 2024 at 0.8 percent. The currency bloc continued to grow at a subdued pace through the second and third quarters amid easing inflationary pressures.
RTTNews | 6 일 전
Eurozone GDP Growth Confirmed At 0.4%; Employment Rises

Eurozone GDP Growth Confirmed At 0.4%; Employment Rises

The euro area economy expanded as initially estimated in the third quarter and employment growth showed an improvement, data from Eurostat showed on Thursday. Gross domestic product climbed 0.4 percent sequentially, which was double the 0.2 percent expansion seen in the second quarter, flash estimate showed.
RTTNews | 7 일 전
German ZEW Economic Confidence Deteriorates

German ZEW Economic Confidence Deteriorates

German economic sentiment deteriorated in November as the victory of Donald Trump in the US presidential election and the collapse of the German government coalition damped expectations, survey results from the think tank ZEW showed Tuesday. The ZEW Indicator of Economic Sentiment dropped to 7.4 in November from 13.1 in the previous month. The index was expected to remain broadly unchanged at 13
RTTNews | 9 일 전
Eurozone Retail Sales Growth Softens In September

Eurozone Retail Sales Growth Softens In September

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.
RTTNews | 15 일 전
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 | 15 일 전
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 | 15 일 전