Arab Today, arab today german business brushes off eurozone blues
Last Updated : GMT 08:30:39
Arab Today, arab today
Arab Today, arab today

German business brushes off eurozone blues

Arab Today, arab today

Arab Today, arab today German business brushes off eurozone blues

Berlin - AFP

German business confidence rose for the third month in a row in July, data showed on Thursday, as companies in Europe\'s top economy appeared to shrug off recession across the eurozone. The Ifo economic institute\'s closely watched business climate index climbed to 106.2 points this month from 105.9 in June. Analysts polled by Dow Jones Newswires had expected a more modest rise to 106.0 points. \"Assessments of the current business situation are more positive than last month,\" the think tank\'s economist Kai Carstensen said in a statement. \"Although the six-month business outlook weakened slightly, firms remain cautiously optimistic with regard to their future business outlook.\" 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 increased to 110.1 points in July from 109.4 points in June. But the outlook sub-index fell slightly to 102.4 from 102.5 points. Despite concern that a tentative eurozone recovery could be derailed again on its way out of recession, businesses in both manufacturing and retailing expressed satisfaction with the current climate. Wholesalers were also upbeat but were more sceptical than those in other sectors about their outlook. The business climate indicator for construction, however, fell again despite strong turnover for the industry in Germany. Analyst Annalisa Piazza at Newedge Strategy said the indicator showed progress in the right direction, albeit at a slower pace than in June. \"All in all, the modest increase in the Ifo index points to a slight increase in German GDP\" at the start of the third quarter, she said. Jennifer McKeown, senior European economist at Capital Economics, agreed that the Ifo signalled a tepid economic rebound. \"Recent weak hard data on trade and industrial production were a warning not to get too carried away about the speed of the recovery,\" she said. \"In all, while prospects for Germany are clearly better than those elsewhere in the eurozone, we still see GDP rising modestly at best this year and next.\" Economist Christian Schulz at Berenberg Bank said slack demand in key markets for exports -- a crucial component of the German economy -- prevented a higher score this month, despite brisk domestic business. \"Germany may have to rely on domestic demand for growth this year as China and other emerging markets slow while the eurozone is only stabilising so far,\" he said. \"German consumption may also explain why manufacturers\' confidence in the eurozone periphery is currently catching up fast with Germany and in some cases even surpassing it.\" Thilo Heidrich of Germany\'s Postbank said the sunny outlook could quickly cloud over if eurozone partners take another turn for the worse. \"The slightly less optimistic outlook shows that companies continue to see risks. In our view, they lurk in particular in the political developments of crisis countries,\" he said. \"While it appears that the reshuffled government in Portugal will survive, the slush fund scandal in Spain and the Berlusconi trial in Italy continue to spell trouble. However we do not expect these potential sources of instability to seriously threaten the nascent economic recovery.\"

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 german business brushes off eurozone blues Arab Today, arab today german business brushes off eurozone blues

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
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 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

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

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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