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xchrom

(108,903 posts)
13. German Business Confidence Rises to Highest in 16 Months
Tue Aug 27, 2013, 06:03 AM
Aug 2013
http://www.bloomberg.com/news/2013-08-27/german-business-confidence-rises-to-highest-in-16-months.html

German business confidence rose to the highest level in 16 months in August, beating forecasts and indicating that the recovery in Europe’s largest economy is gathering pace. A measure of construction activity fell.

The Ifo business climate index, based on a survey of 7,000 executives, climbed to 107.5 from 106.2 in July, the Munich-based institute said today. That’s the highest since April 2012. Economists predicted an increase to 107, according to the median of 42 forecasts in a Bloomberg News survey.

German gross domestic product expanded 0.7 percent in the second quarter, rebounding from a colder-than-usual winter that curbed output and helping the 17-nation euro area emerge from its longest-ever recession. The nation’s growth was led by private consumption and included the first increase in plant and machinery investment since 2011, signaling the recovery may be sustained.

“The latest business sentiment readings confirm our view that the German economy will be able to maintain a somewhat more moderate but still robust momentum in the second half of 2013, following the exceptional rebound in the spring,” said Alexander Koch, an economist at UniCredit Group in Munich. “Domestic demand should remain a major growth pillar, currently adding to an overall broad-based recovery path.”
That's chicken feed. Fuddnik Aug 2013 #1
Don't look now, but gold broke 1400 Demeter Aug 2013 #2
Get your computer fixed? Fuddnik Aug 2013 #3
No, this is my new-to-me laptop Demeter Aug 2013 #5
At least with refurbished, you can avoid Win 8 Warpy Aug 2013 #7
I know--some consumer culture, this is Demeter Aug 2013 #30
Yeah. Ghost Dog Aug 2013 #20
Gold has been kept artifically low for too long.... AnneD Aug 2013 #41
And it's Limbo Time in the Stock markets Demeter Aug 2013 #42
Outlook for 3rd quarter darkens as durable goods orders tumble Fuddnik Aug 2013 #4
I hear there will be big orders for drones and bombs and mercenaries within weeks. Demeter Aug 2013 #6
I know if I weren't a capitalist parasite these days Warpy Aug 2013 #9
Just happened to run across this..... Hotler Aug 2013 #8
Are the Chinese CRAZY?!! Demeter Aug 2013 #32
Europe’s Single Bank Rule Book Falls Apart as North Races Ahead xchrom Aug 2013 #10
Stocks Fall as Yen, Bonds Rise on Syria; Oil, Gold Gain xchrom Aug 2013 #11
Start-Ups Fill Void Left by Spain’s 26% Unemployment Rate xchrom Aug 2013 #12
It's an interesting phenomenon. There is much creativity in Spain. Ghost Dog Aug 2013 #21
thanks. very cool stuff. nt xchrom Aug 2013 #22
Live long and prosper! Demeter Aug 2013 #33
(Sorry, WiFi breaking up). Ghost Dog Aug 2013 #24
German Business Confidence Rises to Highest in 16 Months xchrom Aug 2013 #13
Hedge Fund 75-Cent Aussie Call Draws Investors: Australia Credit xchrom Aug 2013 #14
CNBC: Larry Summers Is Likely To Be Named Chairman Of The Fed In A Few Weeks xchrom Aug 2013 #15
Larry Summers? Why NOT Bernie Madoff or Greenspan? fasttense Aug 2013 #28
NO!NO!NO! Demeter Aug 2013 #34
And the blood letting continues.... AnneD Aug 2013 #40
EMageddon Continues: India And Indonesia Tank Again, Markets Lower Around The World xchrom Aug 2013 #16
COLIN POWELL: Syria Is An 'Internal Struggle' That Is Beyond US Capabilities xchrom Aug 2013 #17
And there speaks a man who has no concept of other cultures Demeter Aug 2013 #35
Gen Wesley Clark being interviewed on DemocracyNow on March 2, 2007 DemReadingDU Aug 2013 #39
We May Be In The Early Stages Of The Next Global Economic Crisis xchrom Aug 2013 #18
He doesn't know the cause of the hike in "10 year Treasuries' rates" Kolesar Aug 2013 #45
Why It Still Feels Like Recession To 95% Of America xchrom Aug 2013 #19
Because it IS! Demeter Aug 2013 #43
Workers Of America Are Getting Screwed xchrom Aug 2013 #23
India infrastructure projects set to boost economy xchrom Aug 2013 #25
JP Morgan told to pay Blavatnik $50m in damages xchrom Aug 2013 #26
Another loss Demeter Aug 2013 #36
Greece 'may renegotiate rescue loans' xchrom Aug 2013 #27
We've Entered the Age of the 'Anti-Mall' xchrom Aug 2013 #29
That's only in locations that don't get snow, mind you! Demeter Aug 2013 #37
We've got a huge one here that gets added onto every month Warpy Aug 2013 #46
Capital Flight: Currencies Plunge Rapidly in Asian Economies xchrom Aug 2013 #31
India's central bank should go with the flow Demeter Aug 2013 #38
NAUSEA ALERT:The Lucky Break That Could Land Larry Summers at the Fed Demeter Aug 2013 #44
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