Related News
German business confidence unexpectedly increases in January
Source: Xinhua |
January 28, 2009, Wednesday
|
Online Edition
Online Edition
GERMAN business confidence has slightly increased in January, the Ifo institute in Munich said yesterday, out of the expectation of experts.
The Ifo institute said German business confidence increased to 83 in January from 82.7 in December, ending the falling trend since June 2008, as the influence of global financial crisis becomes more and more serious, but this data can not be taken as a cyclical turnaround.
The Ifo said the firms in manufacturing and exports continue to expect a very unfavorable business development, while the wholesalers and retailers regard their present situation as well as their outlook less negatively than in December.
Economists expected German business confidence will fall to 81,the median of 37 forecasts in a Bloomberg News survey shows.
The unexpected rise may have been caused by the European Central Bank lowering its interest rates and the government doubling its economic stimulus package to fight the recession, according to the local media.
The Ifo began calculating German business confidence from January 1991, based on a survey of 7,000 executives.
The Ifo institute said German business confidence increased to 83 in January from 82.7 in December, ending the falling trend since June 2008, as the influence of global financial crisis becomes more and more serious, but this data can not be taken as a cyclical turnaround.
The Ifo said the firms in manufacturing and exports continue to expect a very unfavorable business development, while the wholesalers and retailers regard their present situation as well as their outlook less negatively than in December.
Economists expected German business confidence will fall to 81,the median of 37 forecasts in a Bloomberg News survey shows.
The unexpected rise may have been caused by the European Central Bank lowering its interest rates and the government doubling its economic stimulus package to fight the recession, according to the local media.
The Ifo began calculating German business confidence from January 1991, based on a survey of 7,000 executives.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
