German Consumer Confidence To Continue Negative Trend

RTTNews | 125天前

(RTTNews) - Consumer sentiment in Germany is set to continue its negative trend as higher prices, economic and political uncertainty weigh on households' income expectations and their willingness to buy, a closely watched survey showed on Wednesday.

The forward-looking consumer sentiment index unexpectedly fell to -24.7 in March from -22.6 in February, a survey jointly published by the market research group GfK and the Nuremberg Institute for Market Decisions revealed. The reading was expected to improve to -21.6.

Consumers' view regarding own personal financial situation deteriorated for the second straight month. The income expectations index dropped 4.3 points to a 13-month low level of -5.4 in February. The willingness to buy index dropped to -11.1 from -8.4 in January. This was the lowest score in eight months.

Households became more cautious about spending. The relocation of production abroad and job cuts in industry lead to increasing concerns about job security. The situation was exacerbated by the rising number of corporate bankruptcies.

The willingness to save index advanced to 9.4 in February from 8.2 in the previous month.

Nonetheless, German consumers were somewhat more positive about the general economic outlook. The economic expectations index rose 2.8 points to 1.2.

The research group GfK said the year 2025 threatens to be another weak year for the economy. The possibility of a third consecutive year of recession is not ruled out.

Official data confirmed that the largest euro area economy contracted 0.2 percent in the fourth quarter as weak exports offset the improvement in final consumption expenditure.

標籤: EUR

German Unemployment Climbs Less Than Expected In June

Joblessness in Germany rose in June but at a slower than expected pace, official figures revealed on Tuesday, as activity in the biggest economy in the euro area remains sluggish.

RTTNews | 8小時15分鐘前

Eurozone Inflation Hits ECB Target

Euro area inflation rose slightly to hit the European Central Bank's 2 percent target in June on slower fall in energy prices and the rise in services inflation, flash estimate from Eurostat showed on Tuesday. Annual inflation climbed to 2.0 percent in June from 1.9 percent in May. The rate reached the inflation target and also matched economists' expectations.

RTTNews | 15小時11分鐘前

Eurozone Manufacturing Sector Contraction Slows In June

Eurozone manufacturing activity contracted at a slower pace in June as output showed a sustained expansion and total new work stabilized ending a 37-month period of decline, final survey data from S&P Global showed on Tuesday. The HCOB manufacturing Purchasing Managers' Index posted 49.5 in June, up from 49.4 in May. This was the highest score since August 2022.

RTTNews | 15小時46分鐘前

Eurozone Household Lending Grows Most In 2 Years

Lending to euro area households grew the most in two years in May and overall private sector credit growth remained stable, data from the European Central Bank revealed on Monday. Adjusted loans to households increased 2.0 percent year-on-year in May, the strongest since May 2023, when it was up 2.1 percent. Meanwhile, loans to businesses grew 2.5 percent from a year ago.

RTTNews | 1天前

Eurozone Economic Sentiment Falls Unexpectedly

Eurozone economic sentiment weakened unexpectedly in June primarily driven by reduced confidence in industry and retail trade, a monthly survey data from the European Commission showed on Friday. The economic confidence index fell to 94.0 in June from 94.8 in May. The score was forecast to rise to 95.1. The industrial confidence index posted -12.0 in June, down from -10.4 a month ago.

RTTNews | 4天前

French Inflation Accelerates In June

France's inflation accelerated more than expected in June largely due to higher services costs but the overall rate remained below the 2 percent target, preliminary estimate from the statistical office INSEE showed on Friday. Consumer prices increased 0.9 percent year-on-year in June, faster than the 0.7 percent rise in May. The rate was forecast to remain unchanged at 0.7 percent.

RTTNews | 4天前

German GfK Consumer Confidence To Drop In July

German consumer confidence is set to drop in July after rising for three straight months as rising willingness to save offset the positive impetus provided by improved income prospects. The forward-looking consumer sentiment index fell unexpectedly to -20.3 in July from -20.0 in the previous month, a survey jointly published by the market research group GfK and the Nuremberg Institute for Market

RTTNews | 5天前

German Ifo Business Confidence Strongest In 13 Months

German business confidence rose to the highest level in 13 months in June driven by improving hopes that fiscal measures will underpin economic recovery, a closely watched survey showed on Tuesday. The business climate index registered 88.4 in June, up from 87.5 in May, the Munich-based ifo Institute revealed. This was the highest level since May 2024, when the reading was 88.9.

RTTNews | 7天前

EURUSD	1.17992	GBPUSD	1.37445	AUDUSD	0.65789
USDJPY	143.535	USDCAD	1.36476	USDCHF	0.79099

Advertisement

German Consumer Confidence To Continue Negative Trend