German Economic Confidence Weakens In January

RTTNews | 22s 2 dakika önce

(RTTNews) - 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.

Meanwhile, the assessment of current economic situation improved slightly. The corresponding indicator rose 2.7 to -90.4. The score was seen at -93.1.

"The second consecutive year of recession caused economic expectations in Germany to fall," ZEW President Achim Wambach said. Among other things, the drop in economic sentiment was due to the recently released negative GDP growth figures and increasing inflationary pressure, he added.

Wambach observed that a lack of private household spending and subdued demand in the construction sector continue to stall the German economy. "If these trends continue in the current year, Germany will fall further behind the other countries of the Eurozone," he said.

Moreover, there is greater political uncertainty, driven by a potentially difficult coalition-building process in Germany and the unpredictability of the economic policy pursued by the new Trump administration, Wambach noted.

Financial market experts' confidence on economic development in the euro area was more positive than in December, the survey showed. The index rose one point to 18.0 in January. Meanwhile, the assessment of the current situation gained 1.2 points to -53.8.

Etiketler: EUR

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 | 5 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 | 6 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 | 12 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 | 12 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 | 13 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 | 13 gün önce

Acceleration In Eurozone Inflation Signals Slower ECB Rate Cuts

Euro area inflation accelerated for the third straight month to the fastest in five months in December, suggesting that the European Central Bank will be cutting interest rates more slowly than anticipated. The harmonized index of consumer prices climbed 2.4 percent from a year ago, following a 2.2 percent gain in November, preliminary data from Eurostat showed on Tuesday.

RTTNews | 14 gün önce

German Construction Activity Remains Firmly In Recession Zone

Germany's construction sector remained deep in the recession zone in December as political uncertainties damped orders, survey data from S&P Global showed on Tuesday. The HCOB construction Purchasing Managers' Index dropped to 37.8 in December from 38.0 in November. The score was the lowest since last April and signaled a notable contraction in the sector.

RTTNews | 14 gün önce

EURUSD	1.04164	GBPUSD	1.23385	AUDUSD	0.62652
USDJPY	155.823	USDCAD	1.43348	USDCHF	0.90667