Business confidence improved, on the back of firms' less pessimistic assessment about future business prospects. The November business confidence indicator, published by the Ifo Institute, rose to 101.4 points from the 100 points recorded in October, which had marked the lowest level seen in two-and-a-half years. The reading also surprised market expectations, which had predicted the index falling further to 99.5 points. The monthly improvement reflected businesses' more optimistic assessment about their current business situation. In addition, firms' economic prospects for the next six months increased over the previous month, reflecting businesses' less pessimistic view about their future business environment. According to Ifo, "the German economy is holding up in the face of the euro crisis".
Germany Business Confidence
Business confidence recovers after six consecutive falls
November 23, 2012
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Germany Business Confidence Chart
Note: Ifo Business Climate Index, 2000=100.
Source: Ifo Business Survey.
Germany Economic News
October 24, 2016
The Markit Flash Composite Purchasing Managers’ Index (PMI) rose from 52.8 in September to 55.1 in October.
October 10, 2016
The seasonally- and calendar-adjusted trade surplus increased from EUR 19.4 billion in July to EUR 22.2 billion in August, driven up by recovering exports.
October 7, 2016
In August, industrial production rose 2.5% from the previous month in seasonally-adjusted terms, in contrast to July’s large 1.6% drop, which had been the lowest reading in nearly two years.
September 29, 2016
Consumer prices in September rose 0.1% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 September.
September 28, 2016
Heading into October, the mood among German consumers weakened slightly but still stayed at a high level.