Mexican Media Brands
Economic Optimism About Germany, Eurozone Rises
Confidence among European analysts and institutional investors about Germany's economic outlook for the next six months climbed in February, according to the Centre of European Economic Research (ZEW).
#economics
Share
Confidence among European analysts and institutional investors about Germany's economic outlook for the next six months climbed in February, according to the Centre of European Economic Research (ZEW).
The Mannheim, Germany-based group's sentiment index for Germany climbed to 48.2 this month from 31.5 in January. February marked the third consecutive month-on-month increase from a reading of -15.7 in November.
Confidence in the eurozone s outlook also improved. ZEW's sentiment index for the region rose 11.2 points to 42.4. Slightly more than half of those surveyed say the region's economic prospects are "good."
Sentiment about the auto industry improved 11 points from January but remains poor at a reading of -15.6.
RELATED CONTENT
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.