german ifo business confidence index hits 25year high
Last Updated : GMT 02:09:47
Arab Today, arab today
Arab Today, arab today

Outlook for Europe's biggest economy continues to hold up

German Ifo business confidence index hits 2.5-year high

Arab Today, arab today

Arab Today, arab today German Ifo business confidence index hits 2.5-year high

Employee works at the assembly line of German carmaker BMW plant in Dingolfing
Frankfurt - Arab Today

Employee works at the assembly line of German carmaker BMW plant in Dingolfing German business confidence hit the highest level for more than two and a half years in February, as the outlook for Europe's biggest economy continues to hold up, data showed on Monday. The Ifo economic institute's closely watched business climate index climbed to 111.3 points this month, the highest level since July 2011.
In January, the index had stood at 110.6 points.
"The German economy is holding its own in a changeable global climate," Ifo chief Hans-Werner Sinn said in a statement.
Ifo calculates its headline index on the basis of companies' assessments of their current business and the outlook for the next six months.
The sub-index measuring current business rose to 114.4 points in February from 112.4 points in January, while the outlook sub-index slipped to 108.3 points from 108.9 points.
Nevertheless, "expectations regarding future business developments ... remain optimistic," Sinn insisted.
"German businesses remain diehard optimists," said ING DiBa economist Carsten Brzeski.
Gross domestic product data for the fourth quarter came in better than expected and further positive hard data are set to follow, Brzeski said.
"Of course, there are also risks," the expert noted, pointing to an unexpected slowdown, further emerging market turmoil and a Chinese hard landing.
But such concerns should disappear quickly, Brzeski believed.
"While some performances of Germany's Olympic athletes over the last two weeks might have disappointed, the economy's performance is again en route for a gold medal," he said.
Nataxis economist Johannes Gareis, too, felt that "all in all the German business climate remains more than upbeat, suggesting that Germany's business sector is on a growth course heading into 2014."
But Capital Economics economist Jonathan Loynes was more cautious.
"The survey has been consistently over-optimistic relative to the hard data over the last year or so, so its implications for growth should not be interpreted too literally," he said.
"Overall, the Ifo survey supports the broader evidence suggesting that the German economy is expanding at a steady but unspectacular pace," Loynes argued.
Berenberg Bank economist Christian Schulz said that despite its apparent strength, the German economy "is not completely immune to the emerging market turbulences."
But "fortunately, Germany can rely on domestic demand as the key driver of growth at the current stage of the cycle. Private investment is rebounding after a long period of decline. And the Ifo index reassuringly points to strength in another key component of domestic demand, namely consumption," he said.
Source: AFP  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

german ifo business confidence index hits 25year high german ifo business confidence index hits 25year high

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

german ifo business confidence index hits 25year high german ifo business confidence index hits 25year high

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday