Eurozone and German manufacturing PMI flash actual figures for February 2024 were reported. Germany's manufacturing downturn unexpectedly deepened, with the PMI dropping to 42.3 from the previous 45.5. Meanwhile, the Eurozone composite PMI improved slightly to 48.9 from the previous 47.9.
Business confidence in #Germany rebounded a day after a report of a surprise drop in manufacturing #PMI, according to #Ifo. $EUR European Editor @EricCulpLS reviews Friday's report here: https://t.co/vGdrTIJwAv https://t.co/IsAZ51n2MK
Euro zone inflation expectations edge up for the year ahead: ECB https://t.co/I5Ykgy5Wdi https://t.co/jM1JwOLnlp
Confirmation German economy fell by 0.3% in last quarter… Germany hit by energy costs, weaker trade, esp in construction/ manufacturing…. Not actually in technical recession - ie hasn’t had 2 consecutive quarters decline, q3 tiny fall rounds to zero, zero before that, 0.1 https://t.co/ee0IiT7l5F
Finally, no negative surprise! Germany Ifo business sentiment improved slightly to 85.5 in Feb from 85.2 in Jan as expected. Current Assessment component unch at 86.9, Ifo expectations improve to 84.1 from 83.5. At a sectoral level, conditions improved in services & construction… https://t.co/w09bAVu0pm
Germany Ifo business sentiment improves slightly, rising to 85.5 in February https://t.co/CEP2NsKzjQ
⚠️ GERMAN BUSINESS SENTIMENT BRIGHTENS IN FEBRUARY, FINDS IFO (Reuters) German business morale brightened in February, in line with analysts' expectations, a survey showed on Friday. The Ifo institute said its business climate index stood at 85.5, as forecast by analysts in a… https://t.co/WVSuitE0uI
⚠️ EURO ZONE INFLATION EXPECTATIONS EDGE UP FOR THE YEAR AHEAD: ECB (Reuters) Inflation expectations among euro zone consumers rose for the year ahead and held steady for three years out, a new survey by the European Central Bank showed on Friday, adding to evidence that the… https://t.co/n1R9GmEfmm
ECB 1 Year CPI Expectations Jan: 3.3% (prev 3.2%) - ECB 3 Year CPI Expectations Jan: 2.5% (est 2.4%; prev 2.5%)
🔴 GERMAN IFO EXPECTATIONS ACTUAL 84.1 (FORECAST 84, PREVIOUS 83.5) $MACRO
🔴 GERMAN IFO CURRENT CONDITIONS ACTUAL 86.9 (FORECAST 86.8, PREVIOUS 87.0) $MACRO
🔴 ⚠️ BREAKING: GERMAN IFO BUSINESS CLIMATE ACTUAL 85.5 (FORECAST 85.5, PREVIOUS 85.2) $MACRO
🇩🇪 Ifo Business Climate (Feb) Actual: 85.5 Expected: 85.5 Previous: 85.2 https://t.co/poxzyzlof6
German economy suffered an investment slump at the end of last year https://t.co/6e0dFkhMTQ via @weberalexander https://t.co/XWrFfAgYfT
Good Morning from #Germany where fewer & fewer companies seem to want to invest. GDP was dragged down by a slump in investment in Q4 — putting Europe’s biggest economy on course for 1st recession since pandemic. Investment in machinery plunged by a whopping 3.5% QoQ.… https://t.co/MUAgPLqP5C
German output was dragged down by a slump in investment in the fourth quarter — putting Europe’s biggest economy on course for its first recession since the pandemic https://t.co/qon7nHERsy
US business activity moderates in February - S&P Global survey https://t.co/g66G9KnQ90 https://t.co/h6UTuXTDHK
⚠️ FRENCH BUSINESS ACTIVITY INCHES CLOSER TO RECOVERY IN FEBRUARY -PMI (Reuters) The downturn in French business activity eased considerably in February, according to a monthly survey, as employment rose for the first time since October and business confidence strengthened to a… https://t.co/EN1Ehf41oR
Euro-zone activity managed to overcome Germany’s malaise https://t.co/qqYC4GiVVt
Economy grow steadily in February, S&P finds, as U.S. manufacturers on the mend https://t.co/8DQWxo0a1f
⚠️ US BUSINESS ACTIVITY MODERATES IN FEBRUARY - S(and)P GLOBAL SURVEY (Reuters) U.S. business activity cooled in February and there was encouraging news on inflation, with a measure of prices paid for inputs falling to the lowest level in nearly 3-1/2 years, which could allay… https://t.co/hInyjdBcpL
US Markit Manufacturing PMI Feb: 51.5 (est 50.7; prev 50.7) - Services PMI Feb: 51.3 (est 52.3; prev 52.5) - Composite PMI Feb: 51.4 (est 51.8; prev 52.0)
1/2 Bloomberg: "Manufacturing saw a surprise deepening of the slowdown, with Germany to blame. The factory gauge for the region’s biggest economy slumped to the lowest since October." https://t.co/qCoepH5zBH via @economics
Flash PMIs overnight confirm continued improvement in growth across many economies. With this kind of positive momentum it is going to be hard for central banks to shift to a sharp easing cycle many expected to kick off the year. UK clearly picking up: https://t.co/qinL5zSg8D
🔴 ECB ACCOUNTS: MARCH INFLATION PROJECTION FOR 2024 IS LIKELY TO BE LOWERED.
ECB: March Inflation Projection For 2024 Likely To Be Lowered
German economic downturn deepens unexpectedly in February -PMI https://t.co/FOHX33Eaez
Euro zone business activity inches towards growth in Feb, survey shows - Reuters https://t.co/sbZQ9FARwj
German manufacturing downturn deepens in February https://t.co/9KbGyY2kOx https://t.co/tapG7WSRRh
Eurozone downturn eases despite German factory decline, survey finds https://t.co/rF4Jonv8Au
Downturn in euro zone business activity eases in Feb -PMI https://t.co/LuI0qRpgzJ https://t.co/Sr5CVLO8QW
⚠️EUROZONE CPI YOY FINAL ACTUAL 2.8% (FORECAST 2.8%, PREVIOUS 2.8%) EUROZONE CPI MOM FINAL ACTUAL -0.4% (FORECAST -0.4%, PREVIOUS 0.2%) EUROZONE CORE CPI YOY FINAL ACTUAL 3.3% (FORECAST 3.3%, PREVIOUS 3.3%)
🔴 EUROZONE CPI MOM FINAL ACTUAL -0.4% (FORECAST -0.4%, PREVIOUS 0.2%) $MACRO
OUCH! #Germany’s manufacturing downturn unexpectedly deepens amid falling demand at home and abroad. S&P Global’s PMI for the country’s industrial sector dropped to 42.3 from 45.5 the previous month – well below any economist estimate in a Bloomberg survey. The picture was… https://t.co/QFSQmFsiIn
More evidence that the UK economy has returned to growth... 👍 Flash #PMI Output Index rose again to 53.3 in February (from 52.9), a 9-month high. Still led by #services (unchanged at 54.3), but the #manufacturing #recession is easing too (47.3, up from 45.5, a 3-month high)...
Eurozone PMIs draw closer to recovery https://t.co/G2npu0JylQ
⚠️UK SERVICES PMI FLASH ACTUAL 54.3 (FORECAST 54.1, PREVIOUS 54.3) UK COMPOSITE PMI FLASH ACTUAL 53.3 (FORECAST 52.9, PREVIOUS 52.9) UK MFG PMI FLASH ACTUAL 47.1 (FORECAST 47.5, PREVIOUS 47.0)
🔴 ⚠️ BREAKING: UK SERVICES PMI FLASH ACTUAL 54.3 (FORECAST 54.1, PREVIOUS 54.3) $MACRO
🇪🇺 Some good news in today's euro area PMIs: resilience of the services sector, strength of the labour market, and out-performance of the periphery. The worst may be behind us indeed. (1/2) https://t.co/wiC55zj36x
Euro zone overcomes German factory weakness as downturn eases https://t.co/4PDg9nZJWa with @weberalexander https://t.co/0LBbzwqnlb
🔴 ⚠️ BREAKING: GERMAN MFG PMI FLASH ACTUAL 42.3 (FORECAST 46, PREVIOUS 45.5) $MACRO GERMAN COMPOSITE PMI FLASH ACTUAL 46.1 (FORECAST 47.5, PREVIOUS 47.0) GERMAN SERVICE PMI FLASH ACTUAL 48.2 (FORECAST 48, PREVIOUS 47.7)
EUROZONE MFG PMI FLASH ACTUAL 46.1 (FORECAST 47, PREVIOUS 46.6) EUROZONE SERVICES FLASH PMI ACTUAL 50 (FORECAST 48.8, PREVIOUS 48.4) EUROZONE COMPOSITE PMI FLASH ACTUAL 48.9 (FORECAST 48.4, PREVIOUS 47.9)
⚠️ DOWNTURN IN EURO ZONE BUSINESS ACTIVITY EASES IN FEB -PMI (Reuters) The downturn in euro zone business activity eased in February as the dominant services sector broke a six-month streak of contraction, offsetting a deterioration in manufacturing, a survey showed. HCOB's… https://t.co/Irp5p7RvZy
🔴 ITALIAN CPI YOY FINAL ACTUAL 0.8% (FORECAST -, PREVIOUS 0.8%) $MACRO
🔴 ITALIAN CPI MOM FINAL ACTUAL 0.3% (FORECAST -, PREVIOUS 0.3%) $MACRO
🔴 EUROZONE FLASH PMI FEBRUARY 2024 FULL REPORT https://t.co/C1szL3ftzy
🔴 EUROZONE COMPOSITE PMI FLASH ACTUAL 48.9 (FORECAST 48.4, PREVIOUS 47.9) $MACRO
Simply awful German manufacturing figures this morning. https://t.co/wZiW63rnH1
Germany's factory malaise deepens https://t.co/2hROSgjdH1 via @weberalexander https://t.co/0kGcpSNyyQ
⚠️ GERMAN ECONOMIC DOWNTURN DEEPENS UNEXPECTEDLY IN FEBRUARY -PMI (Reuters) Germany's economic downturn deepened in February as a slight improvement in services activity was unable to compensate for a surprisingly sharp deterioration in manufacturing, a preliminary survey… https://t.co/LufnhnNRyS
Germany’s manufacturing downturn unexpectedly deepens amid falling demand at home and abroad https://t.co/DExSKsbrmc
European PMIs show signs of optimism France is rebounding markedly with business activity improving, while price pressures are fading. Very benign cocktail. Germany remains the sick man of Europe. The Manufacturing sector struggles to get going and the Services/Wage price…
🔴 GERMAN FLASH PMI FEBRUARY 2024 FULL REPORT https://t.co/oRibV6onuY
🔴 ⚠️ BREAKING: GERMAN MFG PMI FLASH ACTUAL 42.3 (FORECAST 46, PREVIOUS 45.5) $MACRO
India’s economic activity continues to expand at a fairly rapid pace in February, with both services and manufacturing improving, a flash survey by HSBC shows https://t.co/YjtG78oYA1
🔴 AUSTRALIAN COMPOSITE PMI FLASH ACTUAL 51.8 (FORECAST -, PREVIOUS 49.0) $MACRO