Altre cattive notizie per l' Economia Europea

[Amati75]

Altre cattive notizie sui consumi in Germania.... che quindi dara' un ulteriore impatto negativo alla nostra economia visto che la Germania e' il primo mercato Europeo, anche per noi.

"German Retail Sales Unexpectedly Drop on Job Concerns (Update1)
June 1 (Bloomberg) -- Retail sales in Germany, Europe's largest economy, fell in April as unemployment held near a post- World War II record and consumer confidence slumped.

Sales, adjusted for inflation and seasonal swings, fell 3 percent from a year earlier, the Federal Statistics Office in Wiesbaden said today in a faxed press release. Economists expected sales to be unchanged, the median of 13 forecasts in a Bloomberg survey showed. Sales in the first four months of the year fell 1 percent from the same period in 2004. The report did not give a seasonally adjusted comparison with the previous month.

``The labor market is weak, the economy isnÆt growing and people are saving instead of spending,'' said Lorenzo Codogno, co- head of European economics at Bank of America in London. ``We'll have to wait for a few more months to see a pick-up in consumption.''

An 11.8 percent unemployment rate and oil prices over $50 a barrel are restraining spending and dragging on the economy, which relied solely on exports to expand in the first quarter. Chancellor Gerhard Schroeder is seeking national elections on Sept. 18, a year earlier than scheduled, after a defeat in a state vote showed support for his economic policies is fading.

Metro AG, the world's third-largest retailer, said last month that first-quarter profit fell 2.4 percent because of lackluster demand in its home market. Competitor KarstadtQuelle AG, which is selling assets and cutting jobs as it struggles to return to profit, said its first-quarter net loss widened after sales plunged 8.6 percent.
(continua) "

http://quote.bloomberg.com/apps/news...52Q&refer=home

[Amati75]

Ancora.

European Manufacturing Shrank in May to 22-Month Low (Update1)
June 1 (Bloomberg) -- Manufacturing in the dozen euro nations in May fell to the lowest level in almost two years as unemployment near a five-year high and oil prices around $50 a barrel add to concerns about the outlook for expansion this year.

An index based on a survey of about 3,000 purchasing managers compiled by NTC Research Ltd. for Reuters Group Plc fell to 48.7, the lowest since July 2003, from 49.2 in April, according to figures available on the Internet today. Economists had expected a reading of 49.2, according to the median of 30 estimates in a Bloomberg survey.

Growth prospects for the euro region are deteriorating as higher energy prices drive up costs and companies including Electrolux AB, the world's largest maker of household appliances, cut jobs. France's rejection of the European Union constitution may add to the pessimism. European consumer and business confidence declined in May, reports showed yesterday.

``The current economic crisis will drag on and this is resulting in a severe drop in demand,'' said Giulio Cicognani, chief executive officer of Negri Bossi SpA, an Italian maker of hydraulic and control systems for cars. ``This has negatively influenced our first-quarter profit.''

The euro fell against the dollar after the manufacturing report. The European single currency traded at $1.2285 at 10:15 a.m. in Frankfurt, down from $1.2304 late yesterday in New York, according to electronic foreign-exchange dealing system EBS.

Forecast Cut

The European Central Bank will probably cut its 2005 growth forecast for the euro region to about 1.4 percent from 1.6 percent when policy makers meet on June 2 in Frankfurt, according to the median forecast of 21 economists surveyed by Bloomberg. The ECB will also keep its benchmark interest rate at 2 percent, a six-decade low, said all 40 economists who replied to a separate survey.

ECB President Jean-Claude Trichet said May 30 oil prices have led to ``increasing uncertainty over economic prospects.'' Bank of Italy Governor Antonio Fazio, who also sits on the ECB's 18-member governing council, said yesterday Europe's fourth- biggest economy is in an ``acute phase of difficulty'' after it slipped into recession for the second time in as many years.

Oil Prices

The price of crude climbed 38 percent in the past year, touching a record of $57.65 a barrel in London on April 4. Germany's VCI chemical industry group, which includes companies such as Leverkusen-based company Bayer AG, said May 24 oil prices may limit sales growth. Cologne, Germany-based Deutsche Lufthansa AG last month announced plans to raise fuel surcharges to cope with higher energy costs.

Faced with shrinking profit margins, more companies are resorting to job cuts. Electrolux plans to eliminate about 1,100 jobs in Europe, transferring production to countries with lower wages. Grohe Holding GmbH, a German maker of faucets, said May 23 it could cut 1,500 jobs and shift production to China.

With a euro-region unemployment rate of 8.9 percent, consumers are keeping a rein on spending. Surteco AG, a supplier of plastic coatings for furniture, blamed ``an exceptionally weak domestic economy'' for a 14 percent drop in first-quarter earnings. ProSiebenSat.1 Media AG, Germany's largest broadcaster, said May 13 that consumers ``remain wary'' and expects the country's advertising market to decline about 2 percent this year.

Growth Lags

The Organization for Economic Cooperation and Development on May 24 cut its growth estimates for the euro region to 1.2 percent from 1.9 percent. The euro region's economy expanded 0.5 percent in the first quarter from the previous three months, lagging the comparable 0.9 percent growth rate in the U.S. and 1.3 percent in Japan.

European households were the most pessimistic in a year last month and business confidence dropped to a 21-month low, surveys by the European Commission showed yesterday. In France, consumer optimism this month plunged to the lowest since 2003 after unemployment in April held at its lowest since 1999, separate government reports showed yesterday. German retail sales in fell 3 percent in April from a year earlier as unemployment held near a post-World War II high, a government report showed today. (conitnua)

http://quote.bloomberg.com/apps/news...6yY&refer=home

[Amati75]

Isae: calo indici fiducia Francia
Nelle imprese manifatturiere, sceso anche in Germania
(ANSA) -ROMA, 1 GIU- Calano a maggio anche in Francia e Germania come gia' rilevato in Italia gli indici della fiducia delle imprese manifatturiere, secondo l'Isae. In Germania l'indice Ifo scende per il 5/o mese consecutivo, da 89 di aprile a 88, sui minimi da ottobre 2003; in Francia, l'indice Insee resta sui livelli piu' bassi da settembre 2003, a 75 come ad aprile. In Italia la fiducia cala da 84,8 di aprile a 84,2, al di sotto dei valori medi del 1/o trimestre, e sui minimi da novembre 2001.

http://www.ansa.it/main/notizie/awnp...01_341818.html

[Mr. Hyde]

In Origine Postato da Amati75
Isae: calo indici fiducia Francia
Nelle imprese manifatturiere, sceso anche in Germania
(ANSA) -ROMA, 1 GIU- Calano a maggio anche in Francia e Germania come gia' rilevato in Italia gli indici della fiducia delle imprese manifatturiere, secondo l'Isae. In Germania l'indice Ifo scende per il 5/o mese consecutivo, da 89 di aprile a 88, sui minimi da ottobre 2003; in Francia, l'indice Insee resta sui livelli piu' bassi da settembre 2003, a 75 come ad aprile. In Italia la fiducia cala da 84,8 di aprile a 84,2, al di sotto dei valori medi del 1/o trimestre, e sui minimi da novembre 2001.

http://www.ansa.it/main/notizie/awnp...01_341818.html

Ma il Dottor Mortadella, l'economistone Ago, non prevvedeva un dinamico miglioramento dell'economia tedesca?

[Amati75]

Zona euro, Commissione taglia stima crescita secondo trimestre

Clicca per ingrandire
BRUXELLES (Reuters) - La Commissione europea ha tagliato la stima di crescita del Pil della zona euro per il secondo trimestre a un range di 0,1-0,5% su trimestre dal precedente range di 0,2-0,6%.


La Commissione ha invece confermato la stima di 0,2-0,6% per il terzo trimestre.

http://it.news.yahoo.com/050601/58/38y0f.html