FOREX TradingCharts.com

Financial News: German Business Confidence Improves For Third Month

German Business Confidence Improves For Third Month

07/27/2020 - 07:14:00 (RTTNews)

(RTTNews) - Germany's business confidence continued to improve in July as companies were more satisfied with their current situation and 'carefully' optimistic about the months ahead, survey results from the ifo Institute showed Monday.

The business confidence index rose more-than-expected to 90.5 from revised 86.3 in June. The reading was forecast to rise to 89.3. This was the third consecutive increase.

Both assessment of current situation and expectations of companies strengthened in July. The index measuring current situation came in at 84.5 in July versus 81.3 a month ago. But the score was slightly below expectations of 85.0.

At the same time, the expectations measure advanced to 97.0 from revised 91.6 a month ago. This was well above economists' forecast of 93.7.

The German economy is recovering step by step, ifo Institute President Clemens Fuest said.

Carsten Brzeski, an ING economist said the ifo reading provided more evidence of a two-sided rebound. The V-shaped recovery continues but the bounce back is losing steam, the economist added.

The return to pre-crisis levels will take time, patience and lots of stimulus, he added.

In manufacturing, the business climate once again improved considerably. Companies' assessment of their current situation was no longer quite as poor as in previous months. Companies also expect business to grow again in the coming months.

In the service sector, business sentiment rose strongly in July. Service providers were more satisfied with their current situation. Likewise, their expectations for the coming months logged a significant improvement.

The upswing continued in trade, especially in retail. Companies adjusted their assessments of the current situation and their expectations for the coming months markedly upward.

In construction, the business climate continued to improve in July. Construction companies were more satisfied with their current situation and their expectations were less pessimistic.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Eurozone Investor Confidence Highest Since February - Sentix (06 hr(s), 45 min(s), 20 sec(s) ago)
(RTTNews) - Euro area investor confidence rose for a fourth straight month in August to its highes ...Full Story»

Latvia Consumer Prices Rise In July (07 hr(s), 18 min(s), 20 sec(s) ago)
(RTTNews) - Latvia's consumer prices rose for the first time in four months in July, figures f ...Full Story»

Sweden Household Consumption Falls In June (07 hr(s), 21 min(s), 20 sec(s) ago)
(RTTNews) - Sweden's household consumption declined in June, data from Statistics Sweden showe ...Full Story»

Slovakia Industrial Production Declines At Softer Pace In June (07 hr(s), 44 min(s), 20 sec(s) ago)
(RTTNews) - Slovakia industrial production declined at a softer pace in June as the slump in the t ...Full Story»

Turkish Jobless Rate Rises In May (07 hr(s), 45 min(s), 20 sec(s) ago)
(RTTNews) - Turkey's jobless rate rose in May, data from the Turkish Statistical Institute sho ...Full Story»

Romania Trade Deficit Widens In June (07 hr(s), 46 min(s), 20 sec(s) ago)
(RTTNews) - Romania's trade deficit increased in June as exports declined faster than imports, ...Full Story»

Norway Inflation Slows In July (08 hr(s), 48 min(s), 20 sec(s) ago)
(RTTNews) - Norway's consumer price inflation eased in July, data from Statistics Norway showe ...Full Story»

Denmark Inflation Rises In July (08 hr(s), 51 min(s), 20 sec(s) ago)
(RTTNews) - Denmark's consumer prices rose in July, data from Statistics Denmark showed on Mon ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Eurozone Investor Confidence Highest Since February - Sentix

08/10/2020 - 08:48 AM (RTTNews)
(RTTNews) - Euro area investor confidence rose for a fourth straight month in August to its highes ...Full Story>>

Latvia Consumer Prices Rise In July

08/10/2020 - 08:15 AM (RTTNews)
(RTTNews) - Latvia's consumer prices rose for the first time in four months in July, figures f ...Full Story>>

Sweden Household Consumption Falls In June

08/10/2020 - 08:12 AM (RTTNews)
(RTTNews) - Sweden's household consumption declined in June, data from Statistics Sweden showe ...Full Story>>

Slovakia Industrial Production Declines At Softer Pace In June

08/10/2020 - 07:49 AM (RTTNews)
(RTTNews) - Slovakia industrial production declined at a softer pace in June as the slump in the t ...Full Story>>

Turkish Jobless Rate Rises In May

08/10/2020 - 07:48 AM (RTTNews)
(RTTNews) - Turkey's jobless rate rose in May, data from the Turkish Statistical Institute sho ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.