German GfK Consumer Sentiment To Deteriorate Sharply

RTTNews | 9 시간 30 분 전

(RTTNews) - German consumer confidence is set to deteriorate sharply at the end of the year as income expectations plunged to a nine-month low on growing fears of recession, a closely watched survey showed Wednesday.

The consumer sentiment index slid to -23.3 in December from revised -18.4 in November, survey results jointly published by GfK and the Nuremberg Institute for Market Decisions revealed today.

The consumer sentiment index measured for December hit the lowest since May of this year. Sentiment is currently at a level comparable to the end of 2023. NIM consumer expert Rolf Bürkl said consumer uncertainty increased again recently as evidenced by the rising willingness to save. Another uncertainty factor is concerns about job security. Job cuts reported by industry and the relocation of production abroad were cited as major reasons for uncertainty.

Income expectations fell notably and the willingness to buy declined slightly. Consumers were more pessimistic about the development of the general economic situation for the fourth consecutive month.

Rising insolvencies and reports of impending job losses dampened economic expectations. The economic expectations index fell to -3.6 in November after a drop of 3.8 points. This was the fourth straight month of decline.

At -3.5 points, the income expectations index lost 17.2 points in November. A worse value was last measures nine months ago.

The willingness to buy showed a slight loss and it remained at an extremely low level. The corresponding index dropped 1.3 points to -6.

태그 : EUR

German Business Confidence Weakens In November

German business sentiment softened in November on a notable deterioration in current conditions as economic struggles deepened, survey results from ifo Institute showed on Monday. The business climate index fell to 85.7 in November from 86.5 in the previous month. The score was expected to fall moderately to 86.0. At 84.3, the current situation index dropped to the lowest since July 2020.

RTTNews | 2 일 전

Eurozone Private Sector Falls Back Into Contraction

The euro area private sector fell back into the negative territory in November as services activity shrank for the first time in ten months, joining manufacturing in contraction zone, survey results from S&P Global revealed Friday. The composite output index registered 48.1 in November, which was the lowest since January, and down from 50.0 in October.

RTTNews | 5 일 전

German Private Sector Continues To Shrink

Germany's private sector continued to contract in November as sustained weakness in manufacturing output was compounded by the first fall in services activity for nine months, flash Purchasing Managers' survey compiled by S&P Global showed Friday. The HCOB composite output index dropped to 47.3 in November from 48.6 in the previous month. The score signaled acceleration in the rate of decline in

RTTNews | 5 일 전

France Private Sector Falls Deep Into Contraction

France's private sector contracted the most since January as prolonged weakness in demand damped expectations, flash survey results from S&P Global showed on Friday. The flash HCOB composite output index fell markedly to 44.8 in November from 48.1 in October. This was the third monthly fall in private sector output and the score signalled the steepest contraction since January.

RTTNews | 5 일 전

Germany Narrowly Skirts Recession In Q3

The German economy grew marginally in the third quarter after a contraction, preventing a technical recession, official data revealed Friday. Gross domestic product posted a sequential growth of 0.1 percent in the third quarter, revised data from Destatis showed. The rate was downgraded from 0.2 percent estimated on October 30.

RTTNews | 5 일 전

Eurozone Consumer Confidence Sinks To Lowest In 5 Months

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.

RTTNews | 6 일 전

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 | 8 일 전

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 | 9 일 전

EURUSD	1.05765	GBPUSD	1.2687	AUDUSD	0.64974
USDJPY	150.714	USDCAD	1.4015	USDCHF	0.88049