Arab Today, arab today germany\s ifo business index jumps
Last Updated : GMT 17:11:53
Arab Today, arab today
Arab Today, arab today

Germany\'s Ifo business index jumps

Arab Today, arab today

Arab Today, arab today Germany\'s Ifo business index jumps

Berlin - AFP

German business confidence rose sharply in December, data showed on Monday, with a surprisingly strong boost suggesting a sunny outlook in Europe's biggest economy. The upbeat assessment points to general satisfaction with the direction of the economy as German Chancellor Angela Merkel settles in to govern with a new "grand coalition" of her conservatives and the Social Democrats. The Ifo economic institute's closely watched business climate index climbed to 110.6 points this month, higher than the 110 points pencilled in by analysts polled by Dow Jones Newswires. In December, it had stood at 109.5 points. "Assessments of the current business situation rose to their highest level since June 2012," the head of the Munich-based Ifo Hans-Werner Sinn said. "Expectations regarding future business developments reached their most optimistic level in almost three years. The German economy made a promising start to the New Year." 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 112.4 points in January from 111.6 points in December, while the outlook sub-index rose to 108.9 points from 107.4 points. Ifo calculates its headline index on the basis of companies' assessments of their current business and the outlook for the next six months. A separate key survey released week, the ZEW, stalled unexpectedly in January after rising to a seven-year high the previous month, but indicated that the recovery of Europe's top economy remained intact. The ZEW, which is more volatile than the Ifo, questions analysts and institutional investors about their current assessment of the economic situation in Germany, as well as their expectations for the coming months. The studies echo comments by the powerful BDI industry federation this month saying that Germany could notch up growth of 2.0 percent or more this year if investment picks up and the eurozone stabilises. Johannes Gareis, eurozone economist at Natixis, said the stars looked aligned for a strong year in Germany. "All in all, today’s Ifo paints a rosy picture of the German economy," he said. "After meagre growth of 0.5 percent in the last year, the German locomotive will significantly gather steam in 2014." Jonathan Loynes, chief European economist at Capital Economics, was equally bullish. "January’s Ifo survey suggests that the German economy has started the new year with a reasonable amount of momentum," he said. Loynes noted apparent softness in consumer activity, traditionally the Achilles' heel of the German economy, based on a fall in Ifo's retail sector index. "Nevertheless the Ifo survey provides some support to our expectation that German GDP growth will accelerate from about 0.5% last year to about 1.5% in 2014," he said. Thilo Heidrich at Postbank noted the optimism across key sectors. "The strong improvement in wholesaling and manufacturing from an already high level was particularly striking," he said. "Furthermore fairly mild weather in January gave the construction industry a boost, leading to the third rise in a row."

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*

Arab Today, arab today germany\s ifo business index jumps Arab Today, arab today germany\s ifo business index jumps

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Air raid kills eight women, child

GMT 06:42 2017 Friday ,17 February

Air raid kills eight women, child
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday

GMT 21:18 2017 Thursday ,16 February

Chinese Yuan Strengthens to 6.8632 Against USD Wednesday

GMT 09:55 2017 Thursday ,16 February

Robust Omani Riyal exchange rate affirmed

GMT 09:00 2017 Thursday ,16 February

Bahrain Bourse daily trading report

GMT 05:07 2017 Thursday ,16 February

Saudi stocks rise 0.6%

GMT 04:45 2017 Thursday ,16 February

Gold prices edge lower
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 15:16 2017 Sunday ,19 February

Apple to start India operations with iPhone SE

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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