A Boost In German Business Confidence Just Gave Angela Merkel Some Room To Breathe
REUTERS/Michael Dalder
The institutes's overall confidence figure jumped to 104.7 from 103.2, with 100 representing the long-term average for Germany. That's a welcome relief after some dismal growth figures and signs that Europe's biggest economy is slowing down.
Analysts had expected a dip in the business climate part of the index, and a small improvement in the expectations part of the index. Both improved more than expected.
Germany policy makers have come under increasing pressure to revitalise their growth figures: despite the slowdown and low inflation, the government is refusing to budge from its goal of Germany's first balanced budget since 1969.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- Private Equity Investments
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market