Germany’s Industrial Output Unexpectedly Contracted in May; Down 0.3% From April
ZURICH (MaceNews) – Germany’s industrial production unexpectedly fell in May compared to April, falling 0.3 percent, the Federal Statistics Office (Destatis) in Wiesbaden reported. Expectations were for a 0.5 percent increase for the month, according to the median of an Econoday survey of economists’ forecasts. The April result was revised higher to a decline of […]
Germany’s Economic Outlook and Current Conditions Diverge in July: ZEW
ZURICH (MaceNews) – The economic outlook in Germany for the next six months fell more than expected in July, while current conditions improved markedly, according to the latest report from the ZEW Institute in Mannheim. The Economic Sentiment indicator which measures economic expectations for the next six months fell 16.5 points in July to 63.3, […]
Germany ZEW Economic Expectations Declined in June, But Current Conditions Surge
ZURICH (MaceNews) – The economic outlook in Germany for the next six months unexpectedly declined in June while the assessment of current economic conditions improved markedly, the most recent report from the ZEW Institute in Mannheim showed. ZEW’s Economic Expectations Index fell 4.6 points in June to 79.8, below the 85.3 median of an Econoday […]
German Business Sentiment Rose in May to Highest Since May 2019; Manufacturers Expect Price Increases
ZURICH (MaceNews) – Business confidence among Germany companies improved markedly in May as they judged current conditions and future developments more positively, the latest figures released by the Munich-based IFO Institute showed. The Business Climate Index rose to 99.2 in May from a revised 96.6 (96.8) the previous month, and solidly beating expectations for a […]
German Business Sentiment Expected to Improve Slightly in May
ZURICH (MaceNews) – The business outlook among German companies is expected to have improved in May, data released tomorrow by Germany’s IFO Institute at 10am CET are expected to show. After failing to meet expectations for improvement the month before, The Business Climate Index is expected to improve to 98.0 in May from 96.8 in […]
Eurozone April HICP +1.6% vs Year-Ago on Energy Prices
ZURICH (MaceNews) – Consumer prices in the Eurozone rose 1.6% from a year ago, increasing from the 1.3% pace in March as energy prices drove the HICP higher, according to data released Wednesday by Eurostat. Wednesday’s final result matched the preliminary report as well as the median forecast of an Econoday survey of economists. Energy […]
Germany’s ZEW Economic Sentiment Surges to Highest Reading Since February 2000
ZURICH (MaceNews) – Economic sentiment in Germany rose to its highest reading in May since February of 2000, as the third wave of the COVID-19 pandemic has slowed, according to the latest report from the ZEW Institute in Mannheim. The Economic Sentiment index for Germany rose 13.7 points to 84.4 in May, far surpassing economists’ […]
Germany’s Industrial Production Expands 2.5% in March Over Prior Month
ZURICH (MaceNews) – Germany’s Industrial output grew at a better-than-expected 2.5 percent pace in March, and stood 5.1% above year ago levels, according to preliminary results from the Federal Statistics in Wiesbaden Friday. The result exceeded the median of an Econoday survey of economists for a 1.7 percent increase, and reversed declines the previous two […]
Germany’s Manufacturing Orders Rose 3.0% M/M in March, Beating Expectations
ZURICH (MaceNews) – Manufacturing orders in Germany increased 3.0% in March over February and were up 27.8% from a year ago, and exceeded expectations data released by the Federal Statistics Office in Wiesbaden showed. The results were well above the median of an Econoday survey of economists for a gain of 1.8% over the previous […]
Eurozone Economic Sentiment Shows Strong Gains in April and Beats Expectations
ZURICH (MaceNews) – Sentiment in the Euro-area showed a marked improvement in April, driven by an all-time high for industrial sentiment, and is now above the pre-pandemic level for the first time, according to the latest European Commission report. The Economic Sentiment Index (ESI) rose to 110.3 in April, resoundingly above the 103.0 median forecast […]