German Business Optimism Survey Beats Expectations

Germany's Ifo Institute, a leading center for economic research, has released its latest business optimism survey, and the results have surpassed expectations. These latest findings suggest that despite sluggish overall economic growth in the past two quarters, Germany may be able to improve without falling into recession.

The monthly survey polls 7,000 business executives and gauges their sentiment about the country's current performance, as well as where they see it going in the next six months. The Institute's main optimism index rose to 102.4 in December, the highest it has been within the past five months, and 0.4 points higher than expected. Since 2010, the results have ranked above 100, signifying that business sentiment has become more positive than negative.

Following the survey, as well as beliefs that the U.S. government may be closer  to a fiscal cliff agreement, the euro has already responded positively. It rose 0.2% on Wednesday, trading at more than $1.32 to the dollar.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2162840, ~/Articles/ArticleHandler.aspx, 10/1/2014 8:32:43 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement