Germany’s July Industrial Output Rose 1.0% M/M, Led by Capital Goods
ZURICH (MaceNews) – Industrial production in Germany rose 1.0 percent in July from the previous month, beating expectations on strong orders for capital goods, the Federal Statistics Office (Destatis) reported Tuesday. The increase exceeded the median forecast for a 0.1 percent monthly gain, according to the charteconomicdata.com calendar. Today’s result for production comes one day […]
ECB’S De Guindos Hints at Adjustment to PEPP Purchases at Sept Meeting
— Recent economic data ‘are very positive’ LONDON (MaceNews) – The eurozone recovery has picked up steam in recent months, which could prompt discussions of adjustments to the European Central Bank’s emergency asset purchase programme next week, according to a top rate setter. “In September, we will have to decide on the volume of purchases […]
Eurozone Consumer Prices Rose 3.0 Percent in August from A Year Ago on Energy Costs
ZURICH (MaceNews) – Consumer prices in the Euro area rose more than expected in August, driven higher once again by increased energy costs, the latest data from Eurostat showed. The flash estimate for August HICP showed consumer prices up 3.0 percent from a year-ago level, exceeding the median of 2.8 percent in an Econoday survey […]
Italy to Push for a Stronger EU Defense; Afghan Crisis Will Have Repercussions – Sources
By Silvia Marchetti ROME (MaceNews) – Italy will push for a stronger, more coordinated European defense policy and the creation of ‘emergency’ intervention units to tackle geopolitical crises, according to ruling coalition sources. “The U.S.’ withdrawal from Afghanistan, and the way in which the entire NATO mission has failed to deliver a stable country, is […]
Germany Aug IFO Business Climate Index Fell on Supply and Covid Concerns
ZURICH (MaceNews) – A more pessimistic outlook among German business in August pulled the Ifo Business Climate Index below 100 and was weaker than expected, according to the latest results from the Ifo Institute in Munich. The Business Climate Index fell to 99.4 from 100.7 in July, below the Econoday median of 100.4, amid supply […]
Eurozone Final July HICP Rose 2.2% Year-on-Year, Confirming Flash Estimate
ZURICH (MaceNews) – Inflation in the euro area rose 2.2 percent from a year ago in July, rising from 1.9 percent through June, final figures released by Eurostat showed Wednesday. Energy prices rose 14.3 percent in July, revised up from the flash estimate of 14.1 percent, with the rate increasing from 12.6 in June. Without […]
BofA Global Research Fund Manager Survey: Prospects of Fed Taper, China Easing, Delta Variant Concerns Weigh on Growth Outlook
By Vicki Schmelzer NEW YORK (MaceNews) – Federal Reserve tapering prospects, potential People’s Bank of China easing and the fast-paced spread of the COVID-19 Delta variant weighed on the growth outlook in August, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Even though world growth expectations slipped more markedly […]
Germany’s ZEW Economic Sentiment Plunges More than Expected in August
ZURICH (MaceNews) – The economic outlook in Germany fell for the third consecutive month in August on Covid and China growth concerns, according to the latest report from the ZEW research institute in Mannheim. Expectations fell 22.9 points from the previous month to 40.4, well below the median forecast of 57.0 in an Econoday survey […]
Bundesbank’s Weidmann Doesn’t Rule Out Tighter ECB Policy Amid Inflation Rise
ZURICH (MaceNews) – In the face of a sharp inflation increase, Bundesbank President Jens Weidmann said he doesn’t rule out higher interest rates from the European Central Bank. In an interview with the German newspaper Welt am Sonntag, Weidmann said that euro member states should not rely on the central bank to help finance an […]
Germany’s Industrial Output Unexpectedly Fell in June, Falling 1.3%
ZURICH (MaceNews) – Industrial production in Germany unexpectedly fell in June, declining 1.3 percent from the previous month, according to the latest report from the Federal Statistics Office (Destatis) The decline was in contrast to a larger-than-expected increase in factory orders reported yesterday, and also below the median for a 0.5 percent gain according to […]