German business confidence tipped to slow
German business confidence slowed again in December after a modest rise in November, a key survey to be released Wednesday is forecast to show, as growth in Europe’s biggest economy loses momentum.
Analysts predict the Munich-based ifo economic institute’s monthly index of 7,000 German executives will show business confidence edging down to 104 points this month on the back of the strong euro, high oil prices and the fallout from the global credit crunch. The ifo’s December monthly reading compared to 104.2 in November with the closely watched index having posted a surprise increase last month from 103.9 in October. Wednesday’s release of the ifo is expected to set the stage for the publication later in the week of surveys also pointing to a more pessimistic economic mood emerging across the 13-member.
Business confidence surveys to be released on Friday are predicted to show the sentiment among industry leaders in France and Italy, the eurozone’s second and third biggest economies, becoming somewhat more cautious this month. Moreover, business confidence in Belgium, often considered by economists as a bellwether of the eurozone economy, also slipped back in December, an indicator to be released Thursday is projected to show. (m&c.com)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.