Capstone Online CFD Trading: German business climate index rises to new high in six months!

 

2019-12-19 11:40      from:CAPSTONE    author:Jack

Capstone Online CFD Trading: According to data released by the German Institute for Economic Research on the 18th, the German business climate index continued to rise in December from a seasonally adjusted level, rising from 95.1 points in November to 96.3 points, the highest since July this year.
 
Among the indicators of the German business climate index in the month, the manufacturing index rebounded, and the service industry index rose to its highest level in six months, but the trade and construction indexes all declined.

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In a statement, Clemens Fest, director of the Ifer Institute for Economic Research, said that German companies are more satisfied with the current state of the industry and their views on future development expectations have improved. "This gives the German economy more confidence To enter the new year. "
 
Jürgen Friedrich, general manager of the German Federal Trade and Investment Agency, told media reporters that this is undoubtedly a very good signal. Although it cannot change the current challenges facing Germany and the global economy, the rising business climate index at the end of the year shows that People are full of confidence in the German economy in the new year.
 
Ever's business climate index is considered to be the weather vane of German economic development, and it has important reference value for observing German economic situation.


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