German Consumer Sentiment To Recover Moderately: GfK

RTTNews | 1 дней спустя

(RTTNews) - German consumer confidence will recover moderately in October despite weaker economic outlook, survey data published jointly by GfK and the Nuremberg Institute for Market Decisions showed Thursday.

The forward-looking consumer sentiment index rose to -21.2 in October from -21.9 in September. The score was forecast to fall to -22.4.

The slight improvement in the consumer climate after a severe setback in the prior month can be interpreted as stabilization at a low level, NIM consumer expert Rolf Burkl said.

As the index has remained around -21 points since June 2024, the slight increase cannot be viewed as the beginning of a noticeable recovery, Burkl added.

Economic expectations deteriorated for the second straight month in September on fears of rising unemployment. The economic expectations index fell 1.3 points to 0.7. On the other hand, income expectations are recovering after a slump in August. The corresponding index climbed 6.6 points to 10.1. However, the latest rise was not sufficient to offset the decline in the previous month.

Rising concerns about employment are overshadowing the increase in purchasing power of households, GfK said. Inflation stabilized around 2 percent, while wage hikes and pensions are rising more significantly.

The propensity to buy rose four points to -6.9 in September, which was the highest level since March 2022. Nonetheless, the level of propensity to buy remained extremely low.

Тэгов: EUR

Eurozone Bank Lending To Households Rise Most In 10 Months

Bank lending to households in the euro area logged its fastest growth in ten months in August, however, the pace of growth was weak, data published by the European Central Bank revealed Thursday. Lending to households moved up 0.6 percent from a year ago, following a 0.5 percent rise in July. Lending marked the biggest increase since October 2023.

RTTNews | 21ч 52мин назад

OECD Says Global Economic Growth Resilient Amid Declining Inflation

The Organization for Economic Cooperation and Development said on Wednesday that the global economic growth remained resilient, and inflation is declining though significant risks remain, as it nudged up the forecast for this year. The Paris-based think tank forecast the global economy to grow 3.2 percent this year, which is slightly faster than the 3.1 percent predicted in May.

RTTNews | 1 дней спустя

French Consumer Confidence Strongest Since Early 2022

French consumer sentiment strengthened to the highest level in more than two years in September, survey results from the statistical office INSEE showed on Wednesday. The consumer confidence index rose to 95 from revised 93 in August. The score was forecast to remain unchanged at August's initially estimated value of 92.0.

RTTNews | 2 дней спустя

German Ifo Business Confidence At 8-Month Low

German business sentiment continued to weaken to hit its lowest level in eight months in September, suggesting that the economy is slipping into a recession, survey results from the ifo Institute revealed Tuesday. The business confidence index fell more-than-expected to 85.4 in September from 86.6 in the previous month. The score was seen at 86.1.

RTTNews | 2 дней спустя

Eurozone Private Sector Contracts Most In 8 Months

The euro area private sector activity posted a renewed contraction in September, signaling a further weakening of the economy, a survey compiled by S&P Global showed Monday. The HCOB flash composite output index dropped to 48.9 in September from 51.0 in August. The reading was expected to fall to 50.6.

RTTNews | 3 дней спустя

German Private Sector Downturn Deepens In September

German private sector activity fell deeper into contraction in September with accelerated reduction in manufacturing output, flash survey results from S&P Global showed on Monday. At 47.2, the headline HCOB composite output index fell to a seven-month low in September from 48.4 in August. The score was forecast to fall moderately to 48.2.

RTTNews | 3 дней спустя

French Private Sector Slips Into Contraction

France's private sector economy slipped back into contraction in September as the temporary Olympic boost faded, flash survey data from S&P Global showed on Monday. The HCOB composite output index posted 47.4 in September, down from a 27-month high of 53.1 in August. The index fell below the critical 50.0 mark, indicating a renewed contraction in the private sector. Moreover, business activity fe

RTTNews | 3 дней спустя

German Investor Sentiment Plunges Further In September

German investor confidence declined sharply again in September as hopes of swift improvement in economic situation fade, survey results from the think tank ZEW showed Tuesday. The ZEW Indicator of Economic Sentiment fell to 3.6 from 19.2 in August. The score was the lowest since October 2023 and also well below forecast of 17.2.

RTTNews | 9 дней спустя

EURUSD	1.11645	GBPUSD	1.33818	AUDUSD	0.68733
USDJPY	145.482	USDCAD	1.34913	USDCHF	0.84807