Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Germany's Economy Brightens as Investor Confidence Rallies
Sep 18, 2003
 Printable format
 Email this Article
 Search

Investor confidence is continuing to rally strongly in Germany, new data showed, amid increasing signs that the euro zone's biggest but worst-performing economy is set to stage a recovery at the beginning of next year.

A leading confidence index calculated by the Mannheim-based economic research institute ZEW rose by 8.4 points to plus 60.9 points, its highest level since July 2002.

The increase outpaced expectations -- analysts had been pencilling in a gain to around 58 or 59 points.

ZEW's index is based on a poll of around 300 analysts and institutional investors and is the second most important confidence barometer in Germany after the so-called business climate index compiled each month by fellow think-tank Ifo.

ZEW gauges financial analysts' expectations for the economy over the next 6 months: if the majority of analysts and institutional investors polled believe the economy will improve, the index shows a plus. If most are expecting a deterioriation, the index shows a minus.

The ZEW barometer has now risen for 9 straight months, "confirming the anticipated economic recovery at the beginning of next year", the institute said.

"We really are already seeing the first signs of a possible recovery in Germany," ZEW diagnosed.

"Industrial output and manufacturing orders both rose in July and exports also rose strongly in the same month. A month ago, it was only the stock markets that were signalling an imminent economic recovery, now it's the first fundemental data as well."

The Ifo survey, too, which economists regard a more accurate of sentiment in the real economy because it polls business leaders, rose for the fourth month in a row in August and is expected to rise again in September, reinforcing the recovery scenario. (AP)

Back to Daily News

 

Daily News

...........................................................

Apr 18, 2014: Spectrum Brands CEO Lumley Joins Husqvarna Board

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows