This is a discussion on EUR News within the Analytics and News forums, part of the Trading Forum category; German industrial production declined at the fastest pace since August 2014, largely due to weak construction, while exports increased the ...
German industrial production declined at the fastest pace since August 2014, largely due to weak construction, while exports increased the most in six months. Industrial production decreased 1.3 percent on a monthly basis in March, following a revised 0.7 percent drop in February, Destatis reported Tuesday.
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The European Central Bank's loose monetary policy is appropriate in the backdrop of subdued growth and very modest inflationary pressures, Bundesbank's Executive Board member Andreas Dombret said Wednesday.
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Germany's economy logged its fastest growth in two years in the first quarter on the back of domestic demand and investment, according to provisional data published by Destatis on Friday. Gross domestic product expanded 0.7 percent sequentially in the first quarter, faster than the 0.3 percent growth in the previous three months and 0.6 percent expansion economists had forecast.
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Belgium's consumer confidence held steady in May after weakening in the previous four months, survey data from the National Bank of Belgium showed Friday.
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Eurozone consumer confidence improved for a second straight month and at a faster-than-expected pace in May to its highest level in four months, preliminary data from the European Commission showed Monday.
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German economic sentiment unexpectedly weakened in May as financial experts found it unlikely that the biggest euro area economy would repeat its stellar first quarter performance as the uncertainty linked to the "Brexit" clouded outlook.
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Greece's creditors agreed early Wednesday to release the next tranche of bailout funds and allowed debt relief after the International Monetary Fund relaxed its tough stance. After the meeting in Brussels on Tuesday, Eurozone finance ministers welcomed the accord reached between Greece and the institutions that paved the way for the disbursement of EUR 10.3 billion bailout fund.
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The risks to the euro area remain on the downside and pose significant challenges to policymakers, European Central Bank Governing Council member and Bank of Spain Governor Luis Maria Linde said Wednesday.
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German import prices declined at the fastest pace in more than six years in April on falling energy prices, Destatis said Monday.
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Germany's consumer prices rose slightly in May, reversing a similar size decline in the previous month, preliminary data from Destatis showed Monday.
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