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German consumer confidence is set to ease for a fourth straight month in December, as the high influx of migrants raise fears of unemployment and thus hurt economic and income expectations in the biggest euro area economy. The forward-looking consumer confidence index dropped to 9.3 from 9.4 in November, results of a monthly survey by GfK showed Friday. Economists had expected a score of 9.2.
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Germany's consumer prices rose for a second consecutive month in November and at the fastest pace in five months, preliminary figures from Destatis showed Monday.
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The euro area unemployment rate declined to its lowest level since early 2012, but it is unlikely to lift wage growth and generate inflationary pressure as joblessness remains at an elevated level. Meanwhile, German unemployment dropped to a record low even as rising fears of joblessness due to the huge influx of migrants hurt consumer sentiment in the biggest euro area economy.
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Investor expectations regarding this month's European Central Bank policy session were wrong, the bank's Vice President Vitor Constancio said Friday.
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Eurozone investor confidence rose for a second straight month in December to its highest level in four months, mainly due to the European Central Bank's move to add more stimulus to boost the region's economy, results of a survey by Sentix revealed Monday.
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Market analysts' expectations regarding the outcome of the December 3 policy session of the European Central Bank were exaggerated, leading to disappointment, a member of the bank's rate-setting body said Wednesday.
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Belgium business confidence unexpectedly improved for a third straight month in December, as activity level strengthened in all sectors, survey data from the National Bank of Belgium showed Tuesday.
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Germany's unemployment declined more-than-expected in December and the rate held steady at the lowest level since reunification, signaling strength in the labor market despite the huge influx of migrants. The number of people out of work declined again by 14,000 in December compared to an expected drop of 8,000. There were 2.757 million unemployed at the end of the year.
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Eurozone inflation remained stable at a very low level in December, seeking more actions from the European Central Bank as oil prices, the main source contributing to the weakness, are unlikely to rebound in the near term. According to flash data from Eurostat on Tuesday, consumer prices advanced 0.2 percent year-on-year in December, the same rate as seen in November, but slower than the 0.4 per
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Eurozone producer prices decreased at a stable pace for the second straight month in November, in line with expectations, Eurostat reported Wednesday.
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