| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : EU Economy Last Updated: Dec 17, 2010 - 10:52 AM


German business confidence rose to a record high in December
By Finfacts Team
Dec 17, 2010 - 10:47 AM

Email this article
 Printer friendly page

German business confidence rose to a record in December as stronger domestic demand helped sustain a strong recovery in Europe’s largest economy.

The Ifo institute at the University of Munich said its business climate index, based on a survey of about 7,000 executives, increased to 109.9 from 109.3 in November. That’s the highest since records for a reunified Germany began in 1991.

The Ifo Business Climate for industry and trade in Germany has shown renewed improvement in December from an already high level. In the course of the entire year 2010, the business climate index has risen sharply. Following an increase in exports, increasing business investments have been responsible for the upswing, and the outlook is now even good for domestic consumption, according to Ifo.

In manufacturing the business climate index has fallen somewhat, but this is solely the result of a slight worsening in the business expectations. The business situation is just as good as in November. Stronger stimulus is expected from exports, and the firms are planning to hire additional staff.

This month the improvement in the business climate in industry and trade is attributable to retailing and wholesaling. The retailers have assessed their current business situation as very good. In addition, they are more optimistic regarding the next six months than in November. The wholesalers have appraised their business situation as still very positive though not quite as excellent as in the previous month. They expect an improvement in their business in the near future.

In comparison to November, firms in construction have given less favourable assessments of their current business situation. However, with regard to business developments in the coming half year they are again more confident.

Ifo Business Climate in the Service Sector Improves Again

The Ifo Business Climate indicator in the German service sector has risen further in December. The service providers have once again assessed their present business situation more favourably than in the previous month. In addition, they are more optimistic regarding the six-month business outlook.

They again plan to increase their staff numbers.

Related Articles
Related Articles


© Copyright 2010 by Finfacts.com

Top of Page

EU Economy
Latest Headlines
Spain's strong recovery to slow in the next few years
Italy's Mezzogiorno is Achilles' heel of Euro Area - lowest birth rate since 1862
Euro Area GDP grows at weak 0.3% in Q2 2015
German GDP up 0.4% in Q2 2015; France's GDP stagnates
Germany's Surplus: Lots of critics; Credible solutions scarce
Euro Area industrial production dips in June and May after a flat April
Greece faces two years of recession according to EU officials
High EU youth unemployment rate not as bad as it seems
Eurozone retail PMI surges to highest since January 2011
ECB monetary policy still tight for Southern Europe
German exports fell in June — surplus at record; Exports up 13.7% year-on-year
Eurozone manufacturing sector continued to expand in July
Weak euro unlikely to have significant impact on Euro Area growth
Is Euro Area Ireland's top trading partner?: EU28 is overwhelmingly UK's
German car firms boost exports from Spain, UK, Portugal, Czech Republic, Slovakia, Hungary and Romania
Flash Eurozone manufacturing/ services PMI close to four-year high despite Greek crisis
Krugman calls euro a Roach Motel; Hotel California gets 1-star grade
Greece & Euro Crisis: July 2015 articles from Finfacts
Greece and other poor countries in Euro Area will not become rich
Euro Area manufacturing/ services PMI hits four-year high in June
Western European car market: Recovery continues
Greece could become a failed state like Venezuela
Multinational companies pay on average 30% less tax than domestic competitors in EU
EU's list of 30 tax havens omits the biggest 4 in Europe
China to invest in Juncker's European investment fund
Greek talks collapse; Game theorists gambling with future — Germany's vice-chancellor
German exports and industrial production in strong rises in April
Tackling Inequality: Scandinavian countries have the most successful welfare systems in Europe
Eurozone unemployment fell by 130,000 in April 2015 — down 849,000 in 12 months
Eurozone service sector business activity slowed during May
German 2015 GDP forecast cut; Jobless level at 24-year low
Eurozone manufacturing in modest acceleration in May
FDI into Europe at record in 2014; UK on top: Germany location for future investment
Eurozone economy loses growth momentum; Jobs growth rises
Athens leak suggests Juncker has plan for Greece
Draghi will not end QE early but warns of risks
Eurozone grows faster than US and UK in Q1 2015
German GDP at slower pace, France faster in Q1 2015
Germany may cut income tax; Germans still shun risky investments
Germany had record exports and imports in March 2015