FOREX TradingCharts.com

Financial News: Eurozone Economy Set To Extend Surprisingly Positive Run

Eurozone Economy Set To Extend Surprisingly Positive Run In 2018

11/24/2017 - 09:02:00 (RTTNews)

(RTTNews) - As the outlook for consumption is improving, the Eurozone economy is on its way to extend a surprisingly positive run into next year, Bert Colijn, a senior economist at ING, said.

The flash consumer confidence index rose to -1 in October from -1.2 in September, marking its eighth highest reading since the indicator started in 1985.

"As the economic expansion has accelerated in 2017, consumers are now little short of exuberant," the economist noted.

While there is still plenty of weakness in the Eurozone economy and many parts of the economy have yet to recover from the prolonged economic crisis, consumers are focusing on the economic direction, which seems to be up for the moment.

The rise in real income was driven by steady employment growth, slight improvements in wages and low inflation during the recent period.

Looking ahead, employment likely to remain positive, which consumers are picking up on.

The October survey revealed that the the expectations for unemployment are near historic lows at the moment, Colijn observed.

Based on these points, the Eurozone economy is on its way to extend a surprisingly positive run into 2018, the economist said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Employers Report Positive Hiring Plans For Q1: Manpower (27 min(s), 23 sec(s) ago)
(RTTNews) - Employers globally reported positive hiring intentions as they plan to increase staffi ...Full Story»

Philippine Trade Deficit Widens In October (36 min(s), 23 sec(s) ago)
(RTTNews) - Philippine foreign trade deficit increased in October from a year ago, as imports grew ...Full Story»

Singapore Retail Sales Rebound In October (55 min(s), 23 sec(s) ago)
(RTTNews) - Singapore's retail sales increased in October after declining notably in the previ ...Full Story»

European Economics Preview: UK Inflation Data Due (01 hr(s), 10 min(s), 23 sec(s) ago)
(RTTNews) - Consumer and producer prices from the UK are due on Tuesday, headlining a light day fo ...Full Story»

Japan Tertiary Activity Index Rises More Than Expected In October (22 min(s), 37 sec(s) ago)
(RTTNews) - Japan's tertiary activity index increased at a faster-than-expected pace in Octobe ...Full Story»

Malaysia Industrial Production Growth Eases More Than Forecast (57 min(s), 37 sec(s) ago)
(RTTNews) - Malaysia's industrial production growth eased at a faster-than-expected pace in Oc ...Full Story»

Australia Q3 House Prices Ease 0.2% On Quarter (22 min(s), 37 sec(s) ago)
(RTTNews) - Residential property prices in Australia fell 0.2 percent on quarter in the third quar ...Full Story»

Australia Business Confidence Ebbs In November - NAB (32 min(s), 37 sec(s) ago)
(RTTNews) - Consumer confidence in Australia slowed in November, the latest survey from National A ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Employers Report Positive Hiring Plans For Q1: Manpower

12/12/2017 - 00:57 AM (RTTNews)
(RTTNews) - Employers globally reported positive hiring intentions as they plan to increase staffi ...Full Story>>

Philippine Trade Deficit Widens In October

12/12/2017 - 00:48 AM (RTTNews)
(RTTNews) - Philippine foreign trade deficit increased in October from a year ago, as imports grew ...Full Story>>

Singapore Retail Sales Rebound In October

12/12/2017 - 00:29 AM (RTTNews)
(RTTNews) - Singapore's retail sales increased in October after declining notably in the previ ...Full Story>>

European Economics Preview: UK Inflation Data Due

12/12/2017 - 00:14 AM (RTTNews)
(RTTNews) - Consumer and producer prices from the UK are due on Tuesday, headlining a light day fo ...Full Story>>

Japan Tertiary Activity Index Rises More Than Expected In October

12/11/2017 - 23:47 PM (RTTNews)
(RTTNews) - Japan's tertiary activity index increased at a faster-than-expected pace in Octobe ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.