global uncertainty squeezes german business confidence
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Global uncertainty squeezes German business confidence

Arab Today, arab today

Arab Today, arab today Global uncertainty squeezes German business confidence

German firms in all four sectors Ifo surveys - manufacturing
Frankfurt - AFP

German business confidence fell in January, a survey from the Munich-based Ifo institute showed Wednesday, with firms less optimistic about the future as the world faces increasing geopolitical uncertainty.

The Ifo business confidence index stood at 109.8 points in January, a fall of 1.2 points to its lowest level since the 109.5 reading in September.

Analysts surveyed by Factset had predicted a slight increase to 111.3 points.

"The German economy made a less confident start to the year," Ifo president Clemens Fuest said in a statement. 

"Companies expressed greater satisfaction with their current business situation, but are less optimistic about their six-month business outlook."

The Ifo sub-index measuring present conditions inched up slightly, but the future expectations barometer slipped by more than two points, from 105.5 to 103.2.

Firms in all four sectors Ifo surveys -- manufacturing, construction, wholesaling, and retail -- reported lower confidence.

"Germany is getting increasingly concerned about the possible impact from US president Trump's suggested trade sanctions," wrote analyst Carsten Brzeski of ING Diba bank.

The US dislodged France as Germany's biggest export customer for the first time in many years in 2016, he noted.

Combined with the threat to German exports from Brexit, Brzeski added, "the German economy will continue to be highly dependent on domestic demand" in the year ahead.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

global uncertainty squeezes german business confidence global uncertainty squeezes german business confidence

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

global uncertainty squeezes german business confidence global uncertainty squeezes german business confidence

 



GMT 12:11 2017 Thursday ,27 July

Tony Baroud to present new TV show

GMT 23:00 2017 Monday ,16 October

Egypt FM to head for Slovenia on Monday

GMT 20:06 2017 Friday ,20 January

Daesh in new demolitions at Syria’s Palmyra

GMT 21:06 2017 Friday ,24 November

Marriyum condemns Hayatabad terrorists attack

GMT 01:00 2017 Saturday ,25 November

Cabinet Affairs Minister Meets Indonesian Ambassador

GMT 02:34 2018 Thursday ,04 January

Merger creates state-owned gas giant

GMT 10:08 2017 Tuesday ,07 March

Geneva farce: The regime is the opposition

GMT 10:19 2017 Saturday ,18 November

AJK Prime Minister condemns across LoC shelling
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday