German Business Sentiment May Reach Eight-Month High
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
German business confidence probably rose to an eight-month high in February, adding to signs that Europe’s largest economy is gathering strength.
The Ifo institute’s business climate index, based on a survey of 7,000 executives, will climb to 104.9 from 104.2 in January, according to the median of 38 forecasts in a Bloomberg News survey. That would be the fourth straight gain. Ifo releases the report at 10 a.m. in Munich today.
The Bundesbank said this week it expects the economy to return to growth in the current quarter after contracting 0.6 percent in the final three months of last year. Investor confidence jumped to the highest in almost three years in February and the benchmark DAX share index has advanced 10 percent in the past three months.
“Early indicators signal that the German economy is on a relatively reliable upward trend and that momentum is returning,” said Jens Kramer, an economist at NordLB in Hanover. “We might see respectable growth in the first quarter.”
read more ...