Germany's business sentiment turns rosier
- 9 years ago
After six straight months of decline Germany’s business sentiment rebounded in November, after a Q3 performance that saw recession missed by a whisker.
The rise in the 7000-firm index beat forecasts of a fall, with pollsters IFO saying it marked the end of the downturn in the German economy, for the moment at least.
However the euro’s two-year low against the dollar and weak oil prices have given the economy a shot in the arm, and the improved sentiment has also been registered among analysts and investors.
Exports do remain flat, but Q4 is expected to show modest growth.
The rise in the 7000-firm index beat forecasts of a fall, with pollsters IFO saying it marked the end of the downturn in the German economy, for the moment at least.
However the euro’s two-year low against the dollar and weak oil prices have given the economy a shot in the arm, and the improved sentiment has also been registered among analysts and investors.
Exports do remain flat, but Q4 is expected to show modest growth.