German Business Confidence Up (Slightly)
Source: http://germaneconomy.blogspot.com/2009/06/german-business-confidence-up-slightly.htmlPosted on Monday, June 22nd, 2009 | In Economics, Germany, Investing Lessons
German business confidence rose for the third month in a row in June. The Ifo institute in Munich reported that its business climate index, based on a survey of 7,000 executives, increased to 85.9 from 84.3 in May. The index reached a 26-year low of 82.2 in March. As far as I can see, this isn’t exactly a whole big deal. Just more of the same for now.br /br /a href=”http://3.bp.blogspot.com/_ngczZkrw340/Sj9Pkr6PS9I/AAAAAAAAOaE/brfe6_UKUDQ/s1600-h/German+IFO.png”img style=”display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 246px;” src=”http://3.bp.blogspot.com/_ngczZkrw340/Sj9Pkr6PS9I/AAAAAAAAOaE/brfe6_UKUDQ/s400/German+IFO.png” border=”0″ alt=”"id=”BLOGGER_PHOTO_ID_5350082374020320210″ //abr /br /In terms of areas of activity, retail sales show no improvement, construction is up slightly, and manufacturing keeps hovering near the bottom.br /br /a href=”http://3.bp.blogspot.com/_ngczZkrw340/Sj9PRw7movI/AAAAAAAAOZs/pMSXE71kGhg/s1600-h/german+ifo+2.png”img style=”TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 238px; CURSOR: hand” id=”BLOGGER_PHOTO_ID_5350082048950706930″ border=”0″ alt=”" src=”http://3.bp.blogspot.com/_ngczZkrw340/Sj9PRw7movI/AAAAAAAAOZs/pMSXE71kGhg/s400/german+ifo+2.png” //abr /br /Ifo’s measure of expectations increased to 89.5 from 86 while a gauge of current conditions eased to 82.4 from 82.5. It is obvious that the current situation in June is no better than March – in fact the conditions are still the worst to date, and all the work is being done by “expectations”. It would be really, really interesting to understand just what is driving those expectations.br /br /a href=”http://3.bp.blogspot.com/_ngczZkrw340/Sj9PgqWbL0I/AAAAAAAAOZ8/jSedeCfg8yw/s1600-h/german+IFO+three.png”img style=”display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 400px; height: 245px;” src=”http://3.bp.blogspot.com/_ngczZkrw340/Sj9PgqWbL0I/AAAAAAAAOZ8/jSedeCfg8yw/s400/german+IFO+three.png” border=”0″ alt=”"id=”BLOGGER_PHOTO_ID_5350082304882192194″ //adiv class=”blogger-post-footer”img width=’1′ height=’1′ src=’https://blogger.googleusercontent.com/tracker/8529397808101838812-2430450122419223667?l=germaneconomy.blogspot.com’//div
Last 5 posts by Edward Hugh
- Global Manufacturing, France Outperforms, As Spain Continues To Flounder - November 3rd, 2009
- A New Spectre Is Haunting Europe, A Spanish One - October 31st, 2009
- Beyond The Consensus On European Bank Credit - October 27th, 2009
- The French Rebound Continues In October While Germany Moves Sideways - October 27th, 2009
- The French Rebound Continues In October While Germany Moves Sideways - October 27th, 2009
 About Edward Hugh (http://globaleconomydoesmatter.blogspot.com)
Edward Hugh is a macro economist, who specializes in growth and productivity theory, demographic processes and their impact on macro performance, and the underlying dynamics of migration flows. Hugh is a founding member and regular contributor to a number of economics weblogs, including Global Economy Matters, Demography Matters and a number of others. Edward 'the bonobo' Hugh is a Catalan economist of British extraction based in Barcelona. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again". He is currently working on a book with the provisional working title "Population, the Ultimate Non-renewable Resource". Edward also writes regularly for the demography blog Demography Matters. He also contributes to the Indian Economy blog . His personal weblog is Bonobo Land . Edward's website can be found at EdwardHugh.net. Edward follows in detail the Indian, Italian, Spanish, German and Japanese economies. He also has a more than a passing interest in the economies of Turkey and Brazil and in the emerging economies of Eastern Europe. |
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