Mexican Media Brands
Economic Outlook Jumps in Germany
Confidence in about Germany’s economy by financial experts has improved significantly this month, according to the ZEW Indicator of Economic Sentiment.
#economics
Share
Confidence in about Germany’s economy by financial experts has improved significantly this month, according to the ZEW Indicator of Economic Sentiment.
ZEW’s index, which rose in each of the past three months, jumped to 13.8 from 6.2 in October. The increase signals confidence in stronger economic growth over the next six months, according to the Manheim-based research group.
But ZEW cautions that the positive effect of good economic news from China and the U.S. is partly offset by uncertainty about the impact of Donald Trump’s election as the next U.S. president. Sentiment turned less positive after the election, lowering the financial community’s view of current conditions in Germany, according to ZEW.
The index also shows that sentiment among financial market experts about the eurozone rose by 3.5 points to 15.8 this month. An indicator for the current economic situation in the region gained 3.5 points to a minus 9.3.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
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.