Financial and Business News

German business confidence is falling

German business confidence falling for 4 - th consecutive months as it is the sharp decrease from its September 2005
The IFO index of business expectations in Germany (for the next 6 months) in July falling to 90.0 points in expectations for a decrease to 93.2 point in June as he was at a level of 94.7 points. This is the lowest level since November 2002.
The IFO business climate index in Germany in July falling to 97.5 points in expectations for a decrease to 100.0 points in June as it was at a level of 101.3 points. This is his 3 years bottom and at a low level of September 2005 here.
The IFO business index of current conditions in Germany for July dropped to 105.7 points from 108.3 for June and on expectations for a modest decline to 106.0 points.
Aberger of German IFO institute said it sees no danger of recession in Germany, but the economy is reduced significantly and expects consumer spending in the country this year to remain weak. The European Central Bank should keep its main interest rate unchanged. Nerb of the IFO institute said that the economic recovery of Germany finished (with a view to weaker index for July). Said that oil prices continue to get more weight over the German economy and that price declines in recent days may have a positive impact on the IFO index in the future.
Nerb said that the Euro (expensive euro) also affect the IFO index.
Nerb recommended that the ECB interest to stocks unchanged in the current 4.25%.

Labels: Financial News

posted by Zoritza Petrova @ 7:34 AM