German Factory Orders Unexpectedly Declined in April
ZURICH (MaceNews) – Orders for Germany’s manufacturing sector unexpectedly declined in April as large-scale orders fell, according to the latest data from the Federal Statistics Office (Destatis) in Wiesbaden. Factory orders fell 0.2 percent in April from the previous month, failing to meet expectations for a 1.0 percent increase according to the median of an […]
Eurozone Economic Sentiment Improves in May on Boost from Services
ZURICH (MaceNews) – Economic sentiment in the Eurozone rose to higher-than-expected levels in May, driven by a strong performance in the services sector, the latest report from the European Commission showed. The Economic Sentiment Index (ESI) rose to 114.5 in May from 110.5 in April, beating the median of 112.1 in an Econoday survey of […]
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 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 […]
German IFO Business Sentiment Shows Slight Improvement in April
ZURICH (MaceNews) – Business sentiment in Germany improved slightly in April, as managers viewed current conditions more favorably, according to the latest report from the Ifo institute in Munich. The Business Climate Index rose to 96.8 from 96.6 in April, the report showed Monday, but failed to meet economists’ expectations for an increase to 97.5, […]
ECB To Accelerate PEPP Purchases With Immediate Outlook Still Subject to Downside Risks
By Laurie Laird — April meeting Affirms Conclusions of March gathering LONDON (MaceNews) – The European Central Bank will continue to accelerate purchases through its emergency quantitative easing programme, with the eurozone economy still facing immediate downside risks. An “ample degree” of monetary accommodation remains necessary, said ECB President Christine Lagarde, briefing reporters after Thursday’s […]