French Manufacturing Confidence Deteriorates

RTTNews | 14s 54 dakika önce

(RTTNews) - French manufacturing sentiment deteriorated more than expected in January on falling orders, survey results from the statistical office INSEE revealed Thursday.

The manufacturing sentiment index registered 95 in January, down from 97 in December. The score was expected to drop to 96.

The balances of opinion associated with the level of order books, both global and foreign, strongly retreated, mainly due to manufacturing of "other transport equipment."

The balance of opinion on past production rebounded sharply in January, with the index rising to -1 from -9. Meanwhile, assessment regarding the current level of finished-goods inventories retreated. The corresponding indicator fell to 10 from 15 a month ago.

Business managers' view on order books sharply retreated, the survey showed. The order book balance plunged to -27 from -18. Likewise, the foreign order books slid to -19 from -8.

However, the balances relating to production and general production prospects increased in January.

The balance relating to general production prospects in the industry started to rise anew after a decrease from three consecutive months. The index logged -15 compared to -19 in the previous month.

The personal production outlook indicator came in at +1, up from -1 in December.

Further, the balance on economic uncertainty felt by business leaders fell in January. The index dropped to 29 from 32.

Regarding labor market, managers' view on the past evolution of workforce size decreased again. The gauge slid to -5 from -3. The index measuring expected workforce size remained unchanged at -1.

The balance of opinion relating to the expected trend in selling prices over the next three months strongly rebounded with the index climbing to 9 from 2 a month ago.

Confidence among business managers from the main sectors, namely manufacturing, construction, services, retail and wholesale trade rose marginally in January. The business confidence index edged up to 95 from 94 in the previous month.

Etiketler: EUR

Eurozone Consumer Confidence Improves In January

Euro area consumer confidence grew for the first time in three months in January, but remained in the negative territory suggesting lingering pessimism, preliminary data from the European Commission showed on Thursday.

RTTNews | 8s 25 dakika önce

German Economic Confidence Weakens In January

German economic sentiment deteriorated more than expected in January as the economy remained in recession for the second straight year and inflationary pressure rose recently, results of a survey by the think tank ZEW showed Tuesday. The ZEW Indicator of Economic Sentiment fell to 10.3 from 15.7 in December. The reading was expected to drop moderately to 15.2.

RTTNews | 2 gün önce

ECB Minutes Show Policymakers Saw Room For More Easing

European Central Bank policymakers were looking forward to more interest rate cuts, but they saw the need for a cautious approach due to several uncertainties that could derail inflation from its path to the 2 percent target, the minutes of the December 11-12 policy session showed on Thursday.

RTTNews | 7 gün önce

German Economy Stuck In Recession

The German economy shrank for the second straight year in 2024 as the euro area struggles with global headwinds and the political and structural problems on the domestic front. Gross domestic product contracted 0.2 percent in 2024 after a 0.3 percent decline in 2023, Destatis reported Wednesday.

RTTNews | 8 gün önce

German Industrial Output & Exports Recover

Germany's industrial production and exports rebounded in November but the underlying picture remained pretty grim amid job cuts in manufacturing and the possible hike in trade tariffs by the U.S. Industrial output increased a more-than-expected 1.5 percent on a monthly basis, in contrast to the revised 0.4 percent decrease in October, data from Destatis revealed Thursday.

RTTNews | 14 gün önce

Eurozone Retail Sales Rise Less Than Forecast

Driven by food and auto fuel turnover, Eurozone retail sales registered a marginal growth, which was weaker than expected in November, reflecting subdued household consumption towards the end of 2024. Retail sales grew 0.1 percent on month in November after easing 0.3 percent in October, data from Eurostat showed Thursday. Sales were expected to climb 0.3 percent.

RTTNews | 14 gün önce

Eurozone Economic Sentiment Deteriorates Sharply

Euro area economic confidence deteriorated to the lowest in more than a year in December as the improvement in services sentiment was offset by weaker morale in industry, construction and among consumers. The economic sentiment index dropped more-than-expected to 93.7 in December from 95.6 in the previous month.

RTTNews | 15 gün önce

German Factory Orders Fall Sharply In November

German factory orders declined notably in November due to the sharp decrease in orders for transport equipment, suggesting that the manufacturing sector remains deep in recession. New orders registered a monthly fall of 5.4 percent in November, Destatis reported Wednesday. The pace of decline deepened from 1.5 percent in October and was worse than economists' forecast of 0.3 percent drop.

RTTNews | 15 gün önce

EURUSD	1.04232	GBPUSD	1.23582	AUDUSD	0.62858
USDJPY	156.022	USDCAD	1.43555	USDCHF	0.90687