business climate (1)

Admin

Zero Growth In 4Q For Germany? Dark Skies For Europe

GSK_271014_climate_ger.png?width=300

If Germany is the European leader, one can easily see how this bodes for the rest across the pond as well as DEMAND for goods and services coming out of the U.S.

According to Reuters Ifo economist Klaus Wohlrabe said on Monday he expected zero growth in the fourth quarter in Germany and that there were almost no bright spots for German industry at present.  "Things have not gone well for German industry and there are no bright spots for industry," he said. (click chart to enlarge)

Business sentiment darkened in October for a sixth month running, according to the Munich-based Ifo think-tank's business climate index, which fell to 103.2 from 104.7 the previous month. That was its weakest reading since December 2012.

Wohlrabe said recent upward momentum in the Purchasing Managers' Index (PMI) for Germany was not yet visible. Only firms' export expectations had risen slightly, he said, although it remained to be seen if this was sustainable.

Hans-Werner Sinn, President of Germany’s Ifo In

Read More, Comment and Share......

We welcome you to post a blog entry, oped or share your daily reading with us as long as it is relevant to the topic of investing and not an attempt to sell a product, proprietary strategy, platform or other service. Please provide links to any research data and if re-posting other articles, give credit where credit is due providing a back link to the original site.

300 words minimum per post. You may also sort by category or search by topic. Don't forget to comment and please "share" via Facebook, Twitter and Google+. If you have any questions, please contact us.

FOLLOW STOCKBUZ

__________________

This is a member-supported site. Please donate when you can to help pay the rent. Thank you!

Stay Informed. Sign up for the FREE StockBuz eNewsletter

________________

Investing involves substantial risk. All content is subject to StockBuz disclaimer.

Create Income With Option Spreads

All content on StockBuz.net is subject to disclaimer and Terms of Service