Arab Today, arab today eurozone crisis keeps german business confidence
Last Updated : GMT 00:13:47
Arab Today, arab today
Arab Today, arab today

Eurozone crisis keeps German business confidence

Arab Today, arab today

Arab Today, arab today Eurozone crisis keeps German business confidence

Berlin - DW

The mood in German businesses has dropped for the third month in a row as companies grow increasingly pessimistic about the eurozone debt crisis. But German consumers appear to ignore the dire signs. The mood in German businesses has dropped for the third month in a row as companies grow increasingly pessimistic about the eurozone debt crisis. But German consumers appear to ignore the dire signs. The German Business Climate Index (BCI) dropped to 103.3 points in July, from 105.2 points in the previous month, the Ifo economic institute said Wednesday. The fall in the institute\'s closely-watched business sentiment barometer was steeper than analysts had expected. They predicted a drop to 104.5 points in a poll made by Dow Jones Newswires. \"The euro crisis is having an increasingly negative impact on the German economy,\" said Ifo President Hans-Werner Sinn, as he explained the third consecutive monthly drop of the index. He noted that the business climate in the manufacturing sector deteriorated significantly, because German manufacturers were both dissatisfied with their current business situation, as well as downbeat about the future. Ifo\'s sub-index measuring the current business climate fell to 111.6 points in July from 113.9 in June. The sub-index, which looks at future prospects, dropped to 95.6 points from 97.2 points. For the whole BCI, 100 points is the long-term average. Carsten Brzeski, analyst with ING Bank, told Reuters news agency that German businesses had finally \"arrived in reality.\" \"The Ifo index figures are a clear warning sign that even the most robust flagship may capsize in the current storm,\" he said. Some cheer in retail sector However, the German retail sector provided some consolation in the dire business picture. On the back of \"robust\" private consumption, said Ifo growth expert Klaus Wohlrabe, German retailers assessed both their current business, as well as their six-month outlook \"more favorably.\" \"There are no signs that this is going to change in the second half of 2012,\" he said, mentioning persistently low unemployment and rising wages as reasons for the development. In addition, the Ifo expert said that Germany would continue to \"stand out\" from other eurozone members, as its economy would be growing by at least 0.1 percent in the second and third quarter of this year.

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 eurozone crisis keeps german business confidence Arab Today, arab today eurozone crisis keeps german business confidence

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
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