FOREX TradingCharts.com

Financial News: German Business Confidence Weakens Slightly

German Business Confidence Weakens Slightly

09/24/2018 - 08:04:00 (RTTNews)

(RTTNews) - Germany's business confidence weakened in September as companies scaled back their expectations amid deteriorating current situation, survey data from the Mannheim-based Ifo institute showed Monday.

The business sentiment index fell less-than-expected to 103.7 in September from 103.9 in August. Economists had forecast the score to drop to 103.2 from the originally estimated 103.8 in August.

Ifo President Clemens Fuest said the German economy remains robust, despite the growing uncertainty.

Joerg Kraemer, chief economist at Commerzbank, said as the Ifo index hardly fell in September, defending the strong rise in August, the weakness in the Ifo business climate is probably over.

The strong domestic economy is almost completely offsetting the soft patch in the export-oriented industry, the economist added. Kraemer expects the German economy to continue growing strongly.

The survey showed that current assessment indicator dropped marginally to 106.4 in September from 106.5 a month ago. The expected score was 106.

Likewise, the expectations index came in at 101.0 in September, down from 101.3, but above the forecast of 100.5.

In manufacturing, the index fell due to far poorer assessments of the current business situation, while business expectations climbed to their highest level since February. Manufacturers plan to ramp up production in the months ahead.

In the services sector, the business climate remained almost unchanged as improvement in current business situation was offset by the fall in their six-month business outlook.

In trade, the index rose again in September. Traders upwardly revised their assessments of both the current business situation and their expectations.

In construction, the business climate index continued to rise with the business climate and its sub-components hitting new record highs.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Belgium Consumer Confidence At 6-month High (05 hr(s), 18 min(s), 25 sec(s) ago)
(RTTNews) - Belgium's consumer confidence advanced to a six-month high in October after deteri ...Full Story»

U.S. Existing Home Sales Plunge To Nearly Three-Year Low In September (05 hr(s), 45 min(s), 25 sec(s) ago)
(RTTNews) - After a month of stagnation in August, the National Association of Realtors released a ...Full Story»

Dutch Consumer Confidence Weakens For Third Month (08 hr(s), 33 min(s), 25 sec(s) ago)
(RTTNews) - Dutch consumer confidence eroded for a third straight month in October, as households& ...Full Story»

Hong Kong Unemployment Rate Steady At 20-year Low (10 hr(s), 10 min(s), 25 sec(s) ago)
(RTTNews) - Hong Kong's unemployment rate was unchanged for a fifth straight month in Septembe ...Full Story»

Eurozone Current Account Surplus Rises In August (10 hr(s), 34 min(s), 25 sec(s) ago)
(RTTNews) - Euro area current account surplus increased in August from the previous month, prelimi ...Full Story»

UK Sep Budget Deficit Lowest Since 2007 (11 hr(s), 22 min(s), 25 sec(s) ago)
(RTTNews) - The UK budget deficit reached its lowest September level in 11 years, data from the Of ...Full Story»

China's Q3 GDP Growth Weakest Since 2009 (11 hr(s), 57 min(s), 25 sec(s) ago)
(RTTNews) - China's economy grew at the slowest pace since the global financial crisis in 2009 ...Full Story»

European Economics Preview: UK Public Sector Finance Data Due (14 hr(s), 37 min(s), 25 sec(s) ago)
(RTTNews) - Public sector finances from the UK and current account from euro area are due on Frida ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Belgium Consumer Confidence At 6-month High

10/19/2018 - 10:53 AM (RTTNews)
(RTTNews) - Belgium's consumer confidence advanced to a six-month high in October after deteri ...Full Story>>

U.S. Existing Home Sales Plunge To Nearly Three-Year Low In September

10/19/2018 - 10:26 AM (RTTNews)
(RTTNews) - After a month of stagnation in August, the National Association of Realtors released a ...Full Story>>

Dutch Consumer Confidence Weakens For Third Month

10/19/2018 - 07:38 AM (RTTNews)
(RTTNews) - Dutch consumer confidence eroded for a third straight month in October, as households& ...Full Story>>

Hong Kong Unemployment Rate Steady At 20-year Low

10/19/2018 - 06:01 AM (RTTNews)
(RTTNews) - Hong Kong's unemployment rate was unchanged for a fifth straight month in Septembe ...Full Story>>

Eurozone Current Account Surplus Rises In August

10/19/2018 - 05:37 AM (RTTNews)
(RTTNews) - Euro area current account surplus increased in August from the previous month, prelimi ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.