German Investor Sentiment Rebounds Ahead Of Federal Election: ZEW

RTTNews | 2 days ago

(RTTNews) - German economic confidence logged its strongest improvement in the past two years in February ahead of the federal election as financial experts expect fiscal stimulus from the new government and also foresee better outlook for construction on the back of interest rate cuts, results of the closely watched survey by the think tank ZEW showed on Tuesday.

The ZEW Indicator of Economic Sentiment surged 15.7 points to a seven-month high of 26.0 in February. The reading remained well above forecast of 19.9.

Financial market experts' assessment about the current situation also improved in February. The corresponding index rose slightly by 1.9 points to -88.5.

The rising optimism was probably due to hopes for a new German government capable of action, ZEW President Achim Wambach said.

Moreover, private consumption is expected to gain momentum over the coming six months after a period of absent demand.

The president said the latest interest rate reduction by the European Central Bank in response to sluggish economic activity have contributed to the better outlook for the construction industry.

Last month, the ECB cut its interest rates for a fourth policy session to its lowest level in two years as the disinflation process remain well on track and suggested more easing going forward.

Economic confidence in the euro area also strengthened in February. The corresponding index moved up 6.2 points to 24.2. At the same time, the current situation index climbed 8.5 points to -45.3.

Tags: EUR

Euro Area Consumer Confidence Improves More Than Expected To Highest In 4 Months

Eurozone consumer confidence strengthened for a second straight month and at a faster than expected pace to its highest level in four months in February, suggesting that pessimism among households in the single currency bloc is easing despite the increasing threat of a tariff war with the U.S.

RTTNews | 9h 12min ago

Eurozone Trade Surplus Falls Slightly In December

The euro area trade surplus dropped slightly in December as the increase in imports exceeded the exports growth, data from Eurostat showed on Monday. The trade surplus decreased to EUR 15.5 billion in December from EUR 16.0 billion in November. Exports logged an increase of 3.1 percent from last year, in contrast to the 1.4 percent fall in November.

RTTNews | 3 days ago

Eurozone Industrial Output Falls More Than Expected

Eurozone industrial production registered a bigger-than-expected decline in December on sharp falls in capital a Industrial output fell 1.1 percent in December from November. The fall was deeper than the forecast of 0.6 percent also reversed the 0.4 percent increase in November. Among major industrial groupings, only non-durable consumer goods and energy production improved from the last month.

RTTNews | 7 days ago

Eurozone Investor Confidence Highest In 7 Months

Euro area investor sentiment strengthened to a seven-month high in February as economic expectations increased dynamically despite tariff threats, results of the monthly survey by the behavioral research institute Sentix showed on Monday. The Sentix investor confidence index climbed to -12.7 in February from -17.7 in January. The reading was the highest since July 2024. The score was forecast to

RTTNews | 10 days ago

German Construction Sector Continues To Shrink

Germany's construction sector remained firmly in contraction but the pace of fall softened in January, survey data from S&P Global revealed Thursday. The HCOB construction Purchasing Managers' Index rose to 42.5 in January from 37.8 in December. Although the score was firmly below the neutral 50.0 that separates growth from contraction, the reading was the highest since May 2023.

RTTNews | 14 days ago

German Factory Orders Rebound In December

Germany's factory orders rebounded at a much stronger than expected pace in December largely driven by the manufacture of transport equipment. New orders increased 6.9 percent month-on-month in December, reversing a revised 5.2 percent fall in November, Destatis reported Thursday. Orders were forecast to grow only 1.9 percent.

RTTNews | 14 days ago

Eurozone Private Sector Expands For First Time In Five Months

Eurozone private sector expanded for the first time in five months in January as factory production showed a slower decline amid a softer growth in services activity, final survey results from S&P Global showed on Wednesday. The HCOB composite output index rose to 50.2 in January, in line with flash estimate, from 49.6 in December.

RTTNews | 15 days ago

Spain Unemployment Rises Less Than Forecast

Spain's unemployment increased less than expected in January and also hit the lowest level for the month in 17 years as the economy continued to exhibit robust growth, official data showed on Tuesday. The number of people out of work increased 38,725 in January from the previous month, the labor ministry said.

RTTNews | 16 days ago

EURUSD	1.04965	GBPUSD	1.26621	AUDUSD	0.63997
USDJPY	149.749	USDCAD	1.41808	USDCHF	0.89798