Business confidence in Germany rose in December to hit a four-month high in spite of the economic challenges of the European migrant crisis and slowdown in emerging economies, latest figures from the country’s ZEW institute show.
A reading for December from the ZEW shows current conditions at 55.0 against a score of 54.4 in November. Meanwhile, the economic expectations index hit 16.1 for this month against analyst expectations of 15.0 and 10.4 the previous month.
The institute added that while the influx of refugees posed challenges for German society and the economic slowdown in emerging markets was putting pressure on the exports, the country’s economy was “sufficiently robust” to cope with the challenges of 2016, Reuters reported.
Carsten Brzeski, chief economist at ING-DiBa, said the figures showed how German businesses have quickly got over the disappointment of the recent European Central Bank meeting, which came up short on further quantitative easing measures.
via CNBC
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Latest posts by Alfonso Esparza (see all)
- Market Rally Still Going Low Holiday Volumes Awaiting Start of 2020 - 27 December 2019
- Market Awaits China Retaliation on Trade - 29 November 2019
- Alibaba to Close Order Book Ahead of Huge IPO - 18 November 2019