Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Germany's business sentiment up in Dec  Join our daily free Newsletter

MENAFN - 19/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) Munich-based Ifo think tank stated that in December, its business climate index went up to 102.4, from 101.4 in November, reported Reuters.

The rise, for the second straight month, shows that December's sentiment outlook surged the most in the last 2-1/2 years.

The reading raised hopes that the country's economy will recover quickly following a weak end to 2012; furthermore, the figure enhanced European stocks to their highest levels of the year, and the euro grew against the dollar after the news.

Even though firms were more pessimistic about their current business conditions, with a sub-index declining to 107.1 from 108.1 last month; however, they were more optimistic about future prospects, with a sub-reading on business forecasts rising to 97.9 from 95.2.

Ifo reduced its forecast for Germany's 2013 growth to 0.7 percent from June's 1.3-percent forecast; nevertheless, it noted that domestic demand would help it grow following a brief decline in the current quarter.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help